Bitcoin Gold (BTG) Reaches Market Cap of $413.36 Million

Bitcoin Gold (BTG) traded 1.7% higher against the dollar during the twenty-four hour period ending at 0:00 AM E.T. on October 20th. One Bitcoin Gold coin can now be purchased for about $23.60 or 0.00034319 BTC on popular exchanges. In the last seven days, Bitcoin Gold has traded 6.7% higher against the dollar. Bitcoin Gold has a total market cap of $413.36 million and $3.57 million worth of Bitcoin Gold was traded on exchanges in the last day.

Here is how other cryptocurrencies have performed in the last day:

• Zcash (ZEC) traded 0.9% higher against the dollar and now trades at $36.51 or 0.00053081 BTC.
• Horizen (ZEN) traded 4% higher against the dollar and now trades at $8.31 or 0.00012081 BTC.
• Komodo (KMD) traded up 4.9% against the dollar and now trades at $0.27 or 0.00000391 BTC.
• Pirate Chain (ARRR) traded 2.4% higher against the dollar and now trades at $0.18 or 0.00000268 BTC.
• ZClassic (ZCL) traded 2% higher against the dollar and now trades at $0.0550 or 0.00000080 BTC.

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

Buying and Selling Bitcoin Gold

It is usually not presently possible to buy alternative cryptocurrencies such as Bitcoin Gold directly using US dollars. Investors seeking to trade Bitcoin Gold should first buy Ethereum or Bitcoin using an exchange that deals in US dollars such as Gemini, Coinbase or GDAX. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Bitcoin Gold using one of the exchanges listed above.

BTG/USD price chart by TradingView