Bitcoin Gold (BTG) Market Cap Reaches $408.62 Million

Bitcoin Gold (BTG) traded 3.2% lower against the U.S. dollar during the 1 day period ending at 13:00 PM Eastern on October 30th. Bitcoin Gold has a total market cap of $408.62 million and approximately $6.93 million worth of Bitcoin Gold was traded on exchanges in the last 24 hours. One Bitcoin Gold coin can now be bought for about $23.33 or 0.00032330 BTC on exchanges. During the last seven days, Bitcoin Gold has traded 5.7% higher against the U.S. dollar.

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

• Zcash (ZEC) traded down 1.8% against the dollar and now trades at $38.27 or 0.00053035 BTC.
• Horizen (ZEN) traded 1.1% lower against the dollar and now trades at $7.71 or 0.00010689 BTC.
• Pirate Chain (ARRR) traded 2.9% higher against the dollar and now trades at $0.19 or 0.00000260 BTC.
• Komodo (KMD) traded down 1.5% against the dollar and now trades at $0.24 or 0.00000339 BTC.
• ZClassic (ZCL) traded 0.9% lower against the dollar and now trades at $0.0505 or 0.00000070 BTC.

Bitcoin Gold Profile

Bitcoin Gold (CRYPTO: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 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. 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.”

Bitcoin Gold Coin Trading

It is usually not currently possible to buy alternative cryptocurrencies such as Bitcoin Gold directly using US dollars. Investors seeking to acquire Bitcoin Gold should first buy Bitcoin or Ethereum using an exchange that deals in US dollars such as Changelly, Gemini or GDAX. 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