Bitcoin Gold Market Capitalization Reaches $7.11 Million (BTG)

Bitcoin Gold (BTG) traded down 54.2% against the dollar during the 24 hour period ending at 11:00 AM E.T. on October 3rd. One Bitcoin Gold coin can now be bought for about $0.41 or 0.00000479 BTC on exchanges. During the last seven days, Bitcoin Gold has traded down 54.2% against the dollar. Bitcoin Gold has a market cap of $7.11 million and $2.68 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 5% against the dollar and now trades at $1,303.32 or 0.01536379 BTC.
• Horizen (ZEN) traded 3.1% lower against the dollar and now trades at $6.88 or 0.00008108 BTC.
• Pirate Chain (ARRR) traded 3.4% higher against the dollar and now trades at $0.31 or 0.00000361 BTC.
• ZClassic (ZCL) traded up 16.2% against the dollar and now trades at $1.09 or 0.00001287 BTC.
• Komodo (KMD) traded 73.9% lower against the dollar and now trades at $0.0200 or 0.00000024 BTC.

Bitcoin Gold Coin 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 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 btgofficial.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, “BTG is a cryptocurrency with Bitcoin fundamentals, mined on common GPUs instead of specialty ASICs. This type of equipment tends to monopolize mining to a few big players, but GPU mining means anyone can mine again – restoring decentralization and independence. GPU mining rewards go to individuals worldwide, instead of mostly to ASIC warehouse owners, recreating network effects that Bitcoin used to have. Telegram, Discord, Facebook, Youtube, Reddit, Medium”

Buying and Selling Bitcoin Gold

It is usually not 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 Coinbase, Changelly or GDAX. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Bitcoin Gold using one of the exchanges listed above.

BTG/USD price chart by TradingView