Bitcoin Gold (BTG) Price Down 7.4% This Week

Bitcoin Gold (BTG) traded 1% higher against the US dollar during the one day period ending at 22:00 PM Eastern on October 26th. Bitcoin Gold has a total market cap of $379.20 million and approximately $1.26 million worth of Bitcoin Gold was traded on exchanges in the last day. Over the last week, Bitcoin Gold has traded 7.4% lower against the US dollar. One Bitcoin Gold coin can currently be bought for about $21.65 or 0.00032329 BTC on popular cryptocurrency exchanges.

Here’s how related cryptocurrencies have performed over the last day:

• Zcash (ZEC) traded 4% lower against the dollar and now trades at $34.53 or 0.00051553 BTC.
• Horizen (ZEN) traded up 0.3% against the dollar and now trades at $7.27 or 0.00010858 BTC.
• Pirate Chain (ARRR) traded up 2.2% against the dollar and now trades at $0.18 or 0.00000276 BTC.
• Komodo (KMD) traded up 1.6% against the dollar and now trades at $0.23 or 0.00000345 BTC.
• ZClassic (ZCL) traded up 0.6% against the dollar and now trades at $0.0569 or 0.00000085 BTC.

About Bitcoin Gold

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. Bitcoin Gold’s official message board is forum.bitcoingold.org. Bitcoin Gold’s official website is bitcoingold.org. 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 Twitter account is @bitcoingold and its Facebook page is accessible here.

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 purchase alternative cryptocurrencies such as Bitcoin Gold directly using US dollars. Investors seeking to trade Bitcoin Gold should first purchase Ethereum or Bitcoin using an exchange that deals in US dollars such as GDAX, Changelly or Gemini. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Bitcoin Gold using one of the aforementioned exchanges.

BTG/USD price chart by TradingView