Bitcoin Gold Price Hits $21.51 on Major Exchanges (BTG)

Bitcoin Gold (BTG) traded 4.2% lower against the dollar during the 24-hour period ending at 10:00 AM Eastern on October 26th. One Bitcoin Gold coin can now be bought for $21.51 or 0.00032221 BTC on popular exchanges. During the last week, Bitcoin Gold has traded 9% lower against the dollar. Bitcoin Gold has a total market cap of $376.76 million and $3.85 million worth of Bitcoin Gold was traded on exchanges in the last 24 hours.

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

• Zcash (ZEC) traded 1.1% lower against the dollar and now trades at $35.77 or 0.00053582 BTC.
• Horizen (ZEN) traded 7.5% lower against the dollar and now trades at $7.22 or 0.00010814 BTC.
• Pirate Chain (ARRR) traded 11.4% higher against the dollar and now trades at $0.19 or 0.00000282 BTC.
• Komodo (KMD) traded 7% lower against the dollar and now trades at $0.23 or 0.00000346 BTC.
• ZClassic (ZCL) traded down 2.7% against the dollar and now trades at $0.0567 or 0.00000085 BTC.

Bitcoin Gold Profile

BTG is a proof-of-work (PoW) coin that uses the Equihash hashing algorithm. It launched on 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 message board is forum.bitcoingold.org. The official website for Bitcoin Gold is bitcoingold.org. 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 presently possible to purchase alternative cryptocurrencies such as Bitcoin Gold directly using US dollars. Investors seeking to acquire Bitcoin Gold should first purchase Bitcoin or Ethereum using an exchange that deals in US dollars such as GDAX, Changelly or Gemini. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Bitcoin Gold using one of the aforementioned exchanges.

BTG/USD price chart by TradingView