Bitcoin Gold Market Cap Tops $25.22 Million (BTG)

Bitcoin Gold (BTG) traded 109.5% higher against the U.S. dollar during the 1-day period ending at 10:00 AM Eastern on January 12th. During the last seven days, Bitcoin Gold has traded up 149.1% against the U.S. dollar. Bitcoin Gold has a market capitalization of $25.22 million and approximately $1.34 thousand worth of Bitcoin Gold was traded on exchanges in the last day. One Bitcoin Gold coin can currently be purchased for approximately $1.44 or 0.00001586 BTC on major exchanges.

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

• Zcash (ZEC) traded up 2.1% against the dollar and now trades at $400.29 or 0.00440989 BTC.
• Horizen (ZEN) traded 2.1% lower against the dollar and now trades at $8.78 or 0.00009669 BTC.
• Pirate Chain (ARRR) traded 32.3% higher against the dollar and now trades at $0.29 or 0.00000325 BTC.
• Komodo (KMD) traded 0% higher against the dollar and now trades at $0.0252 or 0.00000028 BTC.
• ZClassic (ZCL) traded up 0% against the dollar and now trades at $0.31 or 0.00000343 BTC.

Bitcoin Gold 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. The official website for Bitcoin Gold is btgofficial.org. 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 message board is forum.bitcoingold.org. Bitcoin Gold’s official Twitter account is @bitcoingold and its Facebook page is accessible 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 presently possible to purchase alternative cryptocurrencies such as Bitcoin Gold directly using U.S. dollars. Investors seeking to trade Bitcoin Gold should first purchase Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Gemini, Coinbase or GDAX. 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