Bitcoin Gold Market Cap Reaches $11.87 Million (BTG)

Bitcoin Gold (BTG) traded 21.3% lower against the U.S. dollar during the twenty-four hour period ending at 9:00 AM ET on January 8th. Over the last week, Bitcoin Gold has traded 4.1% lower against the U.S. dollar. One Bitcoin Gold coin can now be bought for about $0.68 or 0.00000754 BTC on major cryptocurrency exchanges. Bitcoin Gold has a market capitalization of $11.87 million and approximately $7.22 thousand worth of Bitcoin Gold was traded on exchanges in the last day.

Here is how related cryptocurrencies have performed over the last day:

• Zcash (ZEC) traded down 17% against the dollar and now trades at $403.52 or 0.00448864 BTC.
• Horizen (ZEN) traded 5.7% lower against the dollar and now trades at $8.86 or 0.00009858 BTC.
• Pirate Chain (ARRR) traded 2.9% lower against the dollar and now trades at $0.25 or 0.00000273 BTC.
• Komodo (KMD) traded 38.2% lower against the dollar and now trades at $0.0245 or 0.00000027 BTC.
• ZClassic (ZCL) traded 3.6% higher against the dollar and now trades at $0.35 or 0.00000389 BTC.

Bitcoin Gold Profile

Bitcoin Gold (BTG) is a proof-of-work (PoW) coin that uses the Equihash hashing algorithm. It was first traded on October 25th, 2017. Bitcoin Gold’s total supply is 17,513,924 coins. Bitcoin Gold’s official message board 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, “BTG is a cryptocurrency with Bitcoin fundamentals, mined on common GPUs instead of specialty ASICs. This type of equipment tends to monopolize mining to a few big players, but GPU mining means anyone can mine again – restoring decentralization and independence. GPU mining rewards go to individuals worldwide, instead of mostly to ASIC warehouse owners, recreating network effects that Bitcoin used to have.”

Buying and Selling Bitcoin Gold

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

BTG/USD price chart by TradingView