Bitcoin Gold (BTG) Market Cap Hits $373.96 Million

Bitcoin Gold (BTG) traded 3.8% higher against the dollar during the 24-hour period ending at 17:00 PM Eastern on August 6th. Bitcoin Gold has a total market capitalization of $373.96 million and approximately $4.37 million worth of Bitcoin Gold was traded on exchanges in the last 24 hours. One Bitcoin Gold coin can currently be bought for $21.35 or 0.00037662 BTC on cryptocurrency exchanges. In the last seven days, Bitcoin Gold has traded 20.8% lower against the dollar.

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

• Zcash (ZEC) traded 8% higher against the dollar and now trades at $32.49 or 0.00057315 BTC.
• Horizen (ZEN) traded 1.4% higher against the dollar and now trades at $7.81 or 0.00013773 BTC.
• Pirate Chain (ARRR) traded 2.3% higher against the dollar and now trades at $0.16 or 0.00000286 BTC.
• Komodo (KMD) traded 6% higher against the dollar and now trades at $0.22 or 0.00000397 BTC.
• ZClassic (ZCL) traded 6% higher against the dollar and now trades at $0.0459 or 0.00000081 BTC.

About 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. 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. The official message board for Bitcoin Gold is forum.bitcoingold.org. Bitcoin Gold’s official website is 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 purchase alternative cryptocurrencies such as Bitcoin Gold directly using US dollars. Investors seeking to trade Bitcoin Gold should first purchase Bitcoin or Ethereum using an exchange that deals in US dollars such as Coinbase, GDAX 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