Bitcoin Gold (BTG) Reaches Market Cap of $399.28 Million

Bitcoin Gold (BTG) traded down 2.6% against the dollar during the 1 day period ending at 15:00 PM ET on August 4th. In the last week, Bitcoin Gold has traded down 14.7% against the dollar. One Bitcoin Gold coin can now be bought for $22.80 or 0.00038432 BTC on exchanges. Bitcoin Gold has a market capitalization of $399.28 million and approximately $2.49 million worth of Bitcoin Gold was traded on exchanges in the last 24 hours.

Here’s how other cryptocurrencies have performed in the last 24 hours:

• Zcash (ZEC) traded 4.3% lower against the dollar and now trades at $30.70 or 0.00051748 BTC.
• Horizen (ZEN) traded 1.6% lower against the dollar and now trades at $8.43 or 0.00014215 BTC.
• Komodo (KMD) traded down 1% against the dollar and now trades at $0.23 or 0.00000395 BTC.
• Pirate Chain (ARRR) traded 2.6% lower against the dollar and now trades at $0.16 or 0.00000268 BTC.
• ZClassic (ZCL) traded down 3.4% against the dollar and now trades at $0.0480 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. 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. 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.

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 buy alternative cryptocurrencies such as Bitcoin Gold directly using US dollars. Investors seeking to trade Bitcoin Gold should first buy Ethereum or Bitcoin using an exchange that deals in US dollars such as Coinbase, Changelly or Gemini. 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