Bitcoin Gold (BTG) Price Reaches $49.98 on Top Exchanges

Bitcoin Gold (BTG) traded up 1.7% against the US dollar during the 1 day period ending at 13:00 PM E.T. on March 28th. During the last seven days, Bitcoin Gold has traded up 9.1% against the US dollar. One Bitcoin Gold coin can now be purchased for about $49.98 or 0.00070641 BTC on exchanges. Bitcoin Gold has a market cap of $875.27 million and $50.53 million worth of Bitcoin Gold was traded on exchanges in the last day.

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

• Zcash (ZEC) traded up 0.8% against the dollar and now trades at $31.03 or 0.00043857 BTC.
• Horizen (ZEN) traded 2.2% lower against the dollar and now trades at $13.73 or 0.00019401 BTC.
• Komodo (KMD) traded up 8.9% against the dollar and now trades at $0.43 or 0.00000612 BTC.
• Pirate Chain (ARRR) traded 1.7% lower against the dollar and now trades at $0.19 or 0.00000267 BTC.
• Bitcoin Private (BTCP) traded flat against the dollar and now trades at $0.19 or 0.00000700 BTC.
• ZClassic (ZCL) traded 3.1% higher against the dollar and now trades at $0.0670 or 0.00000095 BTC.

Bitcoin Gold Coin Profile

BTG is a proof-of-work (PoW) coin that uses the Equihash hashing algorithm. Its genesis date was October 25th, 2017. Bitcoin Gold’s total supply is 17,513,924 coins. 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. The Reddit community for Bitcoin Gold is https://reddit.com/r/bitcoingoldhq and the currency’s Github account can be viewed 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 U.S. dollars. Investors seeking to trade Bitcoin Gold should first purchase Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as GDAX, Gemini or Coinbase. 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