Bitcoin Gold (BTG) Hits Market Cap of $544.50 Million

Bitcoin Gold (BTG) traded down 6.6% against the US dollar during the 1 day period ending at 18:00 PM ET on April 30th. Bitcoin Gold has a market cap of $544.50 million and approximately $7.86 million worth of Bitcoin Gold was traded on exchanges in the last 24 hours. Over the last seven days, Bitcoin Gold has traded down 16.2% against the US dollar. One Bitcoin Gold coin can currently be bought for $31.09 or 0.00051174 BTC on major cryptocurrency exchanges.

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

• Zcash (ZEC) traded 5.1% lower against the dollar and now trades at $21.40 or 0.00035225 BTC.
• Horizen (ZEN) traded 3.6% lower against the dollar and now trades at $8.36 or 0.00013753 BTC.
• Pirate Chain (ARRR) traded 9.1% lower against the dollar and now trades at $0.35 or 0.00000576 BTC.
• Komodo (KMD) traded 6.8% lower against the dollar and now trades at $0.38 or 0.00000628 BTC.
• Bitcoin Private (BTCP) traded flat against the dollar and now trades at $0.19 or 0.00000700 BTC.
• ZClassic (ZCL) traded down 4.7% against the dollar and now trades at $0.0544 or 0.00000089 BTC.

Bitcoin Gold Profile

Bitcoin Gold 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. Bitcoin Gold’s official website is bitcoingold.org. 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.

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 possible to purchase alternative cryptocurrencies such as Bitcoin Gold directly using US dollars. Investors seeking to acquire Bitcoin Gold should first purchase Bitcoin or Ethereum using an exchange that deals in US dollars such as GDAX, Coinbase or Gemini. 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