Bitcoin Gold Market Capitalization Tops $427.46 Million (BTG)

Bitcoin Gold (BTG) traded 4.7% lower against the US dollar during the 24 hour period ending at 23:00 PM Eastern on July 24th. During the last week, Bitcoin Gold has traded down 7.9% against the US dollar. One Bitcoin Gold coin can now be bought for approximately $24.41 or 0.00038006 BTC on cryptocurrency exchanges. Bitcoin Gold has a total market cap of $427.46 million and $3.21 million worth of Bitcoin Gold was traded on exchanges in the last day.

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

• Zcash (ZEC) traded down 0.2% against the dollar and now trades at $29.55 or 0.00046018 BTC.
• Horizen (ZEN) traded up 2.8% against the dollar and now trades at $11.63 or 0.00018109 BTC.
• Pirate Chain (ARRR) traded down 1.1% against the dollar and now trades at $0.19 or 0.00000291 BTC.
• Komodo (KMD) traded 4.2% lower against the dollar and now trades at $0.26 or 0.00000412 BTC.
• ZClassic (ZCL) traded 2.5% lower against the dollar and now trades at $0.0521 or 0.00000081 BTC.

Bitcoin Gold Profile

Bitcoin Gold (CRYPTO: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. Bitcoin Gold’s official message board 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. 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 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 Gemini, GDAX or Changelly. 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