Bitcoin Gold Market Capitalization Tops $5.45 Million (BTG)

Bitcoin Gold (BTG) traded down 88.3% against the U.S. dollar during the 24 hour period ending at 11:00 AM Eastern on March 26th. 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. Over the last week, Bitcoin Gold has traded 89.5% lower against the U.S. dollar. One Bitcoin Gold coin can currently be purchased for about $0.31 or 0.00000360 BTC on major cryptocurrency exchanges.

Here is how related 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 0.2% lower 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 1.3% lower 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 Profile

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. The Reddit community for Bitcoin Gold is https://reddit.com/r/bitcoingoldhq and the currency’s Github account can be viewed here. Bitcoin Gold’s official Twitter account is @bitcoingold and its Facebook page is accessible here. The official message board for Bitcoin Gold is forum.bitcoingold.org. Bitcoin Gold’s official website 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.”

Bitcoin Gold Coin Trading

It is usually not currently 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 Coinbase, Gemini or Changelly. 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