Bitcoin Gold Price Up 8.9% Over Last Week (BTG)

Bitcoin Gold (BTG) traded 4.9% higher against the dollar during the 1-day period ending at 8:00 AM ET on October 16th. One Bitcoin Gold coin can currently be bought for approximately $24.10 or 0.00035468 BTC on cryptocurrency exchanges. Bitcoin Gold has a total market cap of $422.16 million and approximately $12.58 million worth of Bitcoin Gold was traded on exchanges in the last 24 hours. Over the last seven days, Bitcoin Gold has traded up 8.9% against the dollar.

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

• Zcash (ZEC) traded up 3.9% against the dollar and now trades at $38.26 or 0.00056291 BTC.
• Horizen (ZEN) traded 2.5% higher against the dollar and now trades at $8.41 or 0.00012378 BTC.
• Komodo (KMD) traded 1.5% lower against the dollar and now trades at $0.26 or 0.00000385 BTC.
• Pirate Chain (ARRR) traded 3.6% higher against the dollar and now trades at $0.17 or 0.00000251 BTC.
• ZClassic (ZCL) traded 5.1% higher against the dollar and now trades at $0.0545 or 0.00000080 BTC.

About Bitcoin Gold

Bitcoin Gold (CRYPTO:BTG) is a proof-of-work (PoW) coin that uses the Equihash hashing algorithm. Its launch 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 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, GDAX or Coinbase. 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