Bitcoin Gold (BTG) Achieves Market Capitalization of $410.79 Million

Bitcoin Gold (BTG) traded down 2.9% against the US dollar during the 24-hour period ending at 20:00 PM ET on October 30th. Bitcoin Gold has a total market cap of $410.79 million and approximately $5.82 million worth of Bitcoin Gold was traded on exchanges in the last day. During the last week, Bitcoin Gold has traded up 5.2% against the US dollar. One Bitcoin Gold coin can currently be purchased for approximately $23.45 or 0.00032425 BTC on major exchanges.

Here’s how other cryptocurrencies have performed during the last day:

• Zcash (ZEC) traded 0.2% lower against the dollar and now trades at $38.44 or 0.00053136 BTC.
• Horizen (ZEN) traded down 2.8% against the dollar and now trades at $7.61 or 0.00010522 BTC.
• Pirate Chain (ARRR) traded up 2.8% against the dollar and now trades at $0.19 or 0.00000262 BTC.
• Komodo (KMD) traded down 0.9% against the dollar and now trades at $0.25 or 0.00000345 BTC.
• ZClassic (ZCL) traded down 0.5% against the dollar and now trades at $0.0506 or 0.00000070 BTC.

About Bitcoin Gold

Bitcoin Gold (CRYPTO: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 website for Bitcoin Gold is bitcoingold.org. Bitcoin Gold’s official Twitter account is @bitcoingold and its Facebook page is accessible here. Bitcoin Gold’s official message board 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.”

Bitcoin Gold Coin Trading

It is usually not presently 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