Bitcoin Gold Reaches Market Cap of $650.72 Million (BTG)

Bitcoin Gold (BTG) traded 0.2% lower against the dollar during the 1-day period ending at 11:00 AM E.T. on April 23rd. Bitcoin Gold has a market cap of $650.72 million and $7.57 million worth of Bitcoin Gold was traded on exchanges in the last 24 hours. Over the last seven days, Bitcoin Gold has traded up 1.3% against the dollar. One Bitcoin Gold coin can now be purchased for $37.15 or 0.00055496 BTC on popular exchanges.

Here is how similar cryptocurrencies have performed over the last 24 hours:

• Zcash (ZEC) traded 1.2% higher against the dollar and now trades at $24.20 or 0.00036141 BTC.
• Horizen (ZEN) traded 2% higher against the dollar and now trades at $9.46 or 0.00014130 BTC.
• Pirate Chain (ARRR) traded 7.1% lower against the dollar and now trades at $0.35 or 0.00000521 BTC.
• Komodo (KMD) traded 3.3% higher against the dollar and now trades at $0.46 or 0.00000680 BTC.
• Bitcoin Private (BTCP) traded flat against the dollar and now trades at $0.19 or 0.00000700 BTC.
• ZClassic (ZCL) traded 0.6% higher against the dollar and now trades at $0.0631 or 0.00000094 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 Reddit community for Bitcoin Gold is https://reddit.com/r/bitcoingoldhq and the currency’s Github account can be viewed here. 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 bitcoingold.org.

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.”

Buying and Selling Bitcoin Gold

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

BTG/USD price chart by TradingView