Bitcoin Gold (BTG) Trading Up 15.8% Over Last Week

Bitcoin Gold (BTG) traded 1.4% higher against the US dollar during the 24 hour period ending at 22:00 PM E.T. on May 9th. One Bitcoin Gold coin can currently be bought for about $34.46 or 0.00054737 BTC on exchanges. Bitcoin Gold has a total market cap of $603.45 million and approximately $7.22 million worth of Bitcoin Gold was traded on exchanges in the last day. In the last seven days, Bitcoin Gold has traded up 15.8% against the US dollar.

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

• Zcash (ZEC) traded up 0.7% against the dollar and now trades at $23.66 or 0.00037584 BTC.
• Horizen (ZEN) traded up 4% against the dollar and now trades at $9.30 or 0.00014776 BTC.
• Pirate Chain (ARRR) traded up 2.2% against the dollar and now trades at $0.37 or 0.00000585 BTC.
• Komodo (KMD) traded 0.4% higher against the dollar and now trades at $0.41 or 0.00000650 BTC.
• Bitcoin Private (BTCP) traded flat against the dollar and now trades at $0.19 or 0.00000700 BTC.
• ZClassic (ZCL) traded down 0.1% against the dollar and now trades at $0.0558 or 0.00000089 BTC.

Bitcoin Gold Profile

Bitcoin Gold 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 message board for Bitcoin Gold is forum.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 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.”

Bitcoin Gold Coin Trading

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

BTG/USD price chart by TradingView