Bitcoin Gold Market Capitalization Tops $368.06 Million (BTG)

Bitcoin Gold (BTG) traded up 60.5% against the US dollar during the 24 hour period ending at 10:00 AM ET on January 5th. One Bitcoin Gold coin can now be purchased for $21.02 or 0.00021495 BTC on major exchanges. Bitcoin Gold has a total market cap of $368.06 million and approximately $2.07 billion worth of Bitcoin Gold was traded on exchanges in the last 24 hours. Over the last week, Bitcoin Gold has traded up 98.9% against the US dollar.

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

• Zcash (ZEC) traded 4.7% lower against the dollar and now trades at $57.80 or 0.00059124 BTC.
• Horizen (ZEN) traded 3.8% lower against the dollar and now trades at $27.49 or 0.00028119 BTC.
• Komodo (KMD) traded down 1.5% against the dollar and now trades at $0.33 or 0.00000336 BTC.
• Pirate Chain (ARRR) traded down 0.7% against the dollar and now trades at $0.22 or 0.00000224 BTC.
• ZClassic (ZCL) traded 2% higher against the dollar and now trades at $0.0420 or 0.00000043 BTC.

Bitcoin Gold Profile

Bitcoin Gold (BTG) is a proof-of-work (PoW) coin that uses the Equihash hashing algorithm. It was first traded on 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. Bitcoin Gold’s official message board is forum.bitcoingold.org. The Reddit community for Bitcoin Gold is https://reddit.com/r/bitcoingoldhq and the currency’s Github account can be viewed here. The official website for Bitcoin Gold 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 possible to buy alternative cryptocurrencies such as Bitcoin Gold directly using U.S. dollars. Investors seeking to trade Bitcoin Gold should first buy Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Coinbase, GDAX or Changelly. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Bitcoin Gold using one of the aforementioned exchanges.

BTG/USD price chart by TradingView