Bitcoin Gold (BTG) Achieves Market Cap of $368.38 Million

Bitcoin Gold (BTG) traded down 2.2% against the U.S. dollar during the 24 hour period ending at 21:00 PM ET on September 5th. Bitcoin Gold has a market cap of $368.38 million and $1.48 million worth of Bitcoin Gold was traded on exchanges in the last 24 hours. One Bitcoin Gold coin can currently be purchased for approximately $21.03 or 0.00037419 BTC on exchanges. During the last seven days, Bitcoin Gold has traded down 6.3% against the U.S. dollar.

Here’s how related cryptocurrencies have performed during the last 24 hours:

• Zcash (ZEC) traded down 1.8% against the dollar and now trades at $29.10 or 0.00051765 BTC.
• Horizen (ZEN) traded 1.4% lower against the dollar and now trades at $7.29 or 0.00012963 BTC.
• Pirate Chain (ARRR) traded up 0.4% against the dollar and now trades at $0.18 or 0.00000322 BTC.
• Komodo (KMD) traded down 3% against the dollar and now trades at $0.23 or 0.00000410 BTC.
• ZClassic (ZCL) traded 3.4% lower against the dollar and now trades at $0.0451 or 0.00000080 BTC.

Bitcoin Gold 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 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 website for Bitcoin Gold is bitcoingold.org. Bitcoin Gold’s official message board 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 currently possible to buy alternative cryptocurrencies such as Bitcoin Gold directly using US dollars. Investors seeking to acquire Bitcoin Gold should first buy Bitcoin or Ethereum using an exchange that deals in US dollars such as Coinbase, Gemini or Changelly. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Bitcoin Gold using one of the exchanges listed above.

BTG/USD price chart by TradingView