Bitcoin Gold Price Down 89.5% Over Last Week (BTG)

Bitcoin Gold (BTG) traded down 88.3% against the U.S. dollar during the one day period ending at 11:00 AM ET on March 26th. One Bitcoin Gold coin can currently be bought for approximately $0.31 or 0.00000360 BTC on exchanges. Over the last seven days, Bitcoin Gold has traded 89.5% lower against the U.S. dollar. Bitcoin Gold has a market capitalization of $5.45 million and approximately $16.55 million worth of Bitcoin Gold was traded on exchanges in the last day.

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

• Zcash (ZEC) traded up 3.7% against the dollar and now trades at $37.85 or 0.00043735 BTC.
• Horizen (ZEN) traded down 0.2% against the dollar and now trades at $9.83 or 0.00011357 BTC.
• Pirate Chain (ARRR) traded up 0.3% against the dollar and now trades at $0.14 or 0.00000159 BTC.
• Komodo (KMD) traded down 1.3% against the dollar and now trades at $0.17 or 0.00000197 BTC.
• ZClassic (ZCL) traded down 1.4% against the dollar and now trades at $0.0744 or 0.00000086 BTC.

Bitcoin Gold Coin Profile

Bitcoin Gold (BTG) is a proof-of-work (PoW) coin that uses the Equihash hashing algorithm. Its launch date was 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. The Reddit community for Bitcoin Gold is https://reddit.com/r/bitcoingoldhq and the currency’s Github account can be viewed here. The official website for Bitcoin Gold is btgofficial.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 currently 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 GDAX, Changelly or Gemini. 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