Bitcoin Gold Reaches Market Capitalization of $4.12 Million (BTG)

Bitcoin Gold (BTG) traded down 19.7% against the dollar during the 24 hour period ending at 12:00 PM Eastern on June 29th. One Bitcoin Gold coin can now be bought for approximately $0.24 or 0.00000394 BTC on major cryptocurrency exchanges. In the last seven days, Bitcoin Gold has traded down 24% against the dollar. Bitcoin Gold has a total market cap of $4.12 million and approximately $645.38 worth of Bitcoin Gold was traded on exchanges in the last day.

Here is how related cryptocurrencies have performed in the last day:

• Zcash (ZEC) traded up 0.3% against the dollar and now trades at $389.37 or 0.00651137 BTC.
• Horizen (ZEN) traded 1.1% higher against the dollar and now trades at $4.10 or 0.00006851 BTC.
• Pirate Chain (ARRR) traded down 5.8% against the dollar and now trades at $0.23 or 0.00000387 BTC.
• ZClassic (ZCL) traded 5.7% higher against the dollar and now trades at $0.19 or 0.00000318 BTC.
• Komodo (KMD) traded down 92.1% against the dollar and now trades at $0.0107 or 0.00000018 BTC.

Bitcoin Gold Coin 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 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 btgofficial.org. The official message board for Bitcoin Gold is forum.bitcoingold.org.

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 trade Bitcoin Gold should first purchase Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Gemini, Changelly or Coinbase. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Bitcoin Gold using one of the aforementioned exchanges.

BTG/USD price chart by TradingView