Bitcoin Gold Market Cap Reaches $412.22 Million (BTG)

Bitcoin Gold (BTG) traded down 0.7% against the dollar during the 1 day period ending at 16:00 PM E.T. on October 17th. Bitcoin Gold has a market capitalization of $412.22 million and $10.27 million worth of Bitcoin Gold was traded on exchanges in the last 24 hours. During the last week, Bitcoin Gold has traded 10.6% higher against the dollar. One Bitcoin Gold coin can currently be purchased for about $23.54 or 0.00035132 BTC on major cryptocurrency exchanges.

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

• Zcash (ZEC) traded down 4.8% against the dollar and now trades at $36.09 or 0.00053873 BTC.
• Horizen (ZEN) traded down 2.7% against the dollar and now trades at $8.05 or 0.00012016 BTC.
• Komodo (KMD) traded down 4.4% against the dollar and now trades at $0.25 or 0.00000371 BTC.
• Pirate Chain (ARRR) traded up 0.7% against the dollar and now trades at $0.17 or 0.00000252 BTC.
• ZClassic (ZCL) traded 0.2% higher against the dollar and now trades at $0.0536 or 0.00000080 BTC.

Bitcoin Gold Coin Profile

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 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. The official website for Bitcoin Gold is bitcoingold.org. Bitcoin Gold’s official message board 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 purchase alternative cryptocurrencies such as Bitcoin Gold directly using U.S. dollars. Investors seeking to acquire Bitcoin Gold should first purchase Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as GDAX, Gemini or Changelly. 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