Bitcoin Gold Market Cap Achieves $497.09 Million (BTG)

Bitcoin Gold (BTG) traded 2% lower against the dollar during the 24-hour period ending at 17:00 PM E.T. on June 16th. One Bitcoin Gold coin can now be bought for approximately $28.38 or 0.00042705 BTC on exchanges. In the last week, Bitcoin Gold has traded down 11.8% against the dollar. Bitcoin Gold has a market cap of $497.09 million and $1.47 million worth of Bitcoin Gold was traded on exchanges in the last 24 hours.

Here is how similar cryptocurrencies have performed in the last 24 hours:

• Zcash (ZEC) traded 0.6% higher against the dollar and now trades at $22.63 or 0.00034054 BTC.
• Horizen (ZEN) traded 0.7% higher against the dollar and now trades at $7.27 or 0.00010940 BTC.
• Komodo (KMD) traded 1.6% higher against the dollar and now trades at $0.38 or 0.00000579 BTC.
• Pirate Chain (ARRR) traded up 0.4% against the dollar and now trades at $0.22 or 0.00000334 BTC.
• ZClassic (ZCL) traded up 0.6% against the dollar and now trades at $0.0600 or 0.00000090 BTC.

About Bitcoin Gold

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 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. The official website for Bitcoin Gold 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.”

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 Gemini, Changelly 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