Bitcoin Gold Price Up 6.4% This Week (BTG)

Bitcoin Gold (BTG) traded up 5.5% against the US dollar during the 1-day period ending at 12:00 PM ET on October 29th. Bitcoin Gold has a total market capitalization of $422.74 million and $10.22 million worth of Bitcoin Gold was traded on exchanges in the last 24 hours. Over the last week, Bitcoin Gold has traded up 6.4% against the US dollar. One Bitcoin Gold coin can now be purchased for about $24.14 or 0.00033325 BTC on major cryptocurrency exchanges.

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

• Zcash (ZEC) traded 2.9% higher against the dollar and now trades at $38.57 or 0.00053258 BTC.
• Horizen (ZEN) traded up 3.6% against the dollar and now trades at $7.69 or 0.00010614 BTC.
• Pirate Chain (ARRR) traded up 0.6% against the dollar and now trades at $0.18 or 0.00000247 BTC.
• Komodo (KMD) traded up 4.4% against the dollar and now trades at $0.25 or 0.00000339 BTC.
• ZClassic (ZCL) traded up 4.3% against the dollar and now trades at $0.0507 or 0.00000070 BTC.

Bitcoin Gold Profile

Bitcoin Gold 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. 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 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 GDAX, Changelly or Coinbase. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Bitcoin Gold using one of the aforementioned exchanges.

BTG/USD price chart by TradingView