Bitcoin Gold (BTG) Trading 0.6% Higher Over Last 7 Days

Bitcoin Gold (BTG) traded up 0.1% against the U.S. dollar during the 24 hour period ending at 11:00 AM ET on August 4th. Bitcoin Gold has a total market capitalization of $6.36 million and approximately $4.43 worth of Bitcoin Gold was traded on exchanges in the last day. One Bitcoin Gold coin can now be purchased for $0.36 or 0.00000567 BTC on cryptocurrency exchanges. Over the last seven days, Bitcoin Gold has traded up 0.6% against the U.S. dollar.

Here’s how similar cryptocurrencies have performed over the last day:

• Zcash (ZEC) traded 0.6% higher against the dollar and now trades at $492.09 or 0.00767896 BTC.
• Horizen (ZEN) traded 0.9% lower against the dollar and now trades at $4.10 or 0.00006400 BTC.
• Pirate Chain (ARRR) traded up 11% against the dollar and now trades at $0.23 or 0.00000361 BTC.
• Komodo (KMD) traded 74.7% higher against the dollar and now trades at $0.0267 or 0.00000042 BTC.
• ZClassic (ZCL) traded 7.1% lower against the dollar and now trades at $0.14 or 0.00000222 BTC.

Bitcoin Gold Coin Profile

Bitcoin Gold (BTG) is a proof-of-work (PoW) coin that uses the Equihash hashing algorithm. It launched on October 25th, 2017. Bitcoin Gold’s total supply is 17,513,924 coins. The official message board for Bitcoin Gold is forum.bitcoingold.org. Bitcoin Gold’s official Twitter account is @bitcoingold and its Facebook page is accessible here. Bitcoin Gold’s official website is btgofficial.org. The Reddit community for Bitcoin Gold is https://reddit.com/r/bitcoingoldhq and the currency’s Github account can be viewed here.

According to CryptoCompare, “Bitcoin Gold (BTG) is a digital currency that aims to decentralize the process of Bitcoin mining by utilizing GPU hardware, making it more accessible to a wider range of users. BTG is based on the original Bitcoin blockchain but incorporates a different mining algorithm, Equihash, to promote decentralization and prevent the concentration of mining power. BTG was created in 2017 as a fork of Bitcoin, and it maintains similar features such as a limited supply cap of 21 million coins. BTG can be used for peer-to-peer transactions, as well as for mining on GPU hardware to earn rewards for securing the network. BTG aims to provide a more decentralized and democratic approach to mining, empowering individual miners and promoting wider participation in the mining process.”

Bitcoin Gold Coin Trading

It is usually not presently possible to buy alternative cryptocurrencies such as Bitcoin Gold directly using US dollars. Investors seeking to acquire Bitcoin Gold should first buy Ethereum or Bitcoin using an exchange that deals in US dollars such as Gemini, GDAX or Coinbase. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Bitcoin Gold using one of the aforementioned exchanges.

BTG/USD price chart by TradingView