Bitcoin Gold Trading Up 1.9% This Week (BTG)

Bitcoin Gold (BTG) traded down 1% against the dollar during the 1-day period ending at 10:00 AM E.T. on November 1st. Bitcoin Gold has a total market capitalization of $400.83 million and approximately $4.38 million worth of Bitcoin Gold was traded on exchanges in the last day. In the last seven days, Bitcoin Gold has traded 1.9% higher against the dollar. One Bitcoin Gold coin can now be bought for about $22.89 or 0.00032071 BTC on cryptocurrency exchanges.

Here’s how other cryptocurrencies have performed in the last day:

• Zcash (ZEC) traded 1.8% higher against the dollar and now trades at $37.91 or 0.00053118 BTC.
• Horizen (ZEN) traded 0.1% higher against the dollar and now trades at $7.49 or 0.00010497 BTC.
• Pirate Chain (ARRR) traded 1.8% lower against the dollar and now trades at $0.18 or 0.00000259 BTC.
• Komodo (KMD) traded 0.8% lower against the dollar and now trades at $0.24 or 0.00000331 BTC.
• ZClassic (ZCL) traded 0.1% lower against the dollar and now trades at $0.0498 or 0.00000070 BTC.

Bitcoin Gold Coin Profile

BTG 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. 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 Twitter account is @bitcoingold and its Facebook page is accessible here. 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.”

Bitcoin Gold Coin Trading

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