Bitcoin Gold (BTG) Market Cap Hits $465.31 Million

Bitcoin Gold (BTG) traded 4.4% higher against the U.S. dollar during the twenty-four hour period ending at 15:00 PM E.T. on July 27th. Bitcoin Gold has a market cap of $465.31 million and $9.74 million worth of Bitcoin Gold was traded on exchanges in the last 24 hours. During the last week, Bitcoin Gold has traded down 1.8% against the U.S. dollar. One Bitcoin Gold coin can currently be bought for $26.57 or 0.00038753 BTC on major exchanges.

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

• Zcash (ZEC) traded 1.7% lower against the dollar and now trades at $31.44 or 0.00045855 BTC.
• Horizen (ZEN) traded down 4.4% against the dollar and now trades at $10.70 or 0.00015603 BTC.
• Komodo (KMD) traded down 1.4% against the dollar and now trades at $0.28 or 0.00000408 BTC.
• Pirate Chain (ARRR) traded down 0.4% against the dollar and now trades at $0.18 or 0.00000258 BTC.
• ZClassic (ZCL) traded 1.8% higher against the dollar and now trades at $0.0556 or 0.00000081 BTC.

Bitcoin Gold 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. Bitcoin Gold’s official Twitter account is @bitcoingold and its Facebook page is accessible here. The official message board for Bitcoin Gold is forum.bitcoingold.org. 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 currently possible to purchase alternative cryptocurrencies such as Bitcoin Gold directly using U.S. dollars. Investors seeking to trade Bitcoin Gold should first purchase Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Coinbase, GDAX or Changelly. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Bitcoin Gold using one of the exchanges listed above.

BTG/USD price chart by TradingView