Bitcoin Gold (BTG) Price Hits $31.98 on Major Exchanges

Bitcoin Gold (BTG) traded up 1% against the U.S. dollar during the 24 hour period ending at 10:00 AM E.T. on November 18th. Bitcoin Gold has a market capitalization of $560.09 million and approximately $12.61 million worth of Bitcoin Gold was traded on exchanges in the last day. One Bitcoin Gold coin can now be bought for $31.98 or 0.00035335 BTC on cryptocurrency exchanges. In the last week, Bitcoin Gold has traded up 22.7% against the U.S. dollar.

Here’s how related cryptocurrencies have performed in the last day:

• Zcash (ZEC) traded 6.2% higher against the dollar and now trades at $45.67 or 0.00050460 BTC.
• Horizen (ZEN) traded 1.9% higher against the dollar and now trades at $9.37 or 0.00010348 BTC.
• Pirate Chain (ARRR) traded 4.6% lower against the dollar and now trades at $0.24 or 0.00000260 BTC.
• Komodo (KMD) traded 9.6% lower against the dollar and now trades at $0.30 or 0.00000332 BTC.
• ZClassic (ZCL) traded 0.3% higher against the dollar and now trades at $0.0543 or 0.00000060 BTC.

Bitcoin Gold Coin Profile

Bitcoin Gold (BTG) is a proof-of-work (PoW) coin that uses the Equihash hashing algorithm. Its genesis date was October 25th, 2017. Bitcoin Gold’s total supply is 17,513,924 coins. Bitcoin Gold’s official Twitter account is @bitcoingold and its Facebook page is accessible here. Bitcoin Gold’s official website is bitcoingold.org. 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.

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 US dollars. Investors seeking to acquire Bitcoin Gold should first purchase Ethereum or Bitcoin using an exchange that deals in US dollars such as GDAX, Coinbase or Changelly. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Bitcoin Gold using one of the aforementioned exchanges.

BTG/USD price chart by TradingView