Bitcoin Gold Reaches Market Cap of $655.99 Million (BTG)

Bitcoin Gold (BTG) traded 4.9% higher against the dollar during the 1 day period ending at 22:00 PM Eastern on April 20th. Bitcoin Gold has a total market cap of $655.99 million and approximately $7.63 million worth of Bitcoin Gold was traded on exchanges in the last day. In the last seven days, Bitcoin Gold has traded up 7.9% against the dollar. One Bitcoin Gold coin can now be bought for about $37.46 or 0.00057617 BTC on popular exchanges.

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

  • Zcash (ZEC) traded 3.8% higher against the dollar and now trades at $23.31 or 0.00035854 BTC.
  • Horizen (ZEN) traded up 5.2% against the dollar and now trades at $9.24 or 0.00014217 BTC.
  • Pirate Chain (ARRR) traded up 4.3% against the dollar and now trades at $0.41 or 0.00000629 BTC.
  • Komodo (KMD) traded 4.8% higher against the dollar and now trades at $0.43 or 0.00000658 BTC.
  • Bitcoin Private (BTCP) traded flat against the dollar and now trades at $0.19 or 0.00000700 BTC.
  • ZClassic (ZCL) traded up 2% against the dollar and now trades at $0.0613 or 0.00000094 BTC.

Bitcoin Gold Coin Profile

Bitcoin Gold (BTG) is a proof-of-work (PoW) coin that uses the Equihash hashing algorithm. Its genesis date was October 25th, 2017. Bitcoin Gold’s total supply is 17,513,924 coins. The official website for Bitcoin Gold is 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. The official message board for Bitcoin Gold 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 currently possible to buy alternative cryptocurrencies such as Bitcoin Gold directly using U.S. dollars. Investors seeking to acquire Bitcoin Gold should first buy Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Gemini, GDAX or Coinbase. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Bitcoin Gold using one of the aforementioned exchanges.

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