Bitcoin Gold Tops 24 Hour Trading Volume of $1.52 Thousand (BTG)

Bitcoin Gold (BTG) traded 21.2% lower against the U.S. dollar during the 24-hour period ending at 9:00 AM ET on March 9th. One Bitcoin Gold coin can now be bought for approximately $0.82 or 0.00001200 BTC on major cryptocurrency exchanges. In the last seven days, Bitcoin Gold has traded down 50.9% against the U.S. dollar. Bitcoin Gold has a market cap of $14.31 million and approximately $1.52 thousand worth of Bitcoin Gold was traded on exchanges in the last day.

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

• Zcash (ZEC) traded 5.2% higher against the dollar and now trades at $207.80 or 0.00305161 BTC.
• Horizen (ZEN) traded up 0.9% against the dollar and now trades at $5.38 or 0.00007900 BTC.
• Pirate Chain (ARRR) traded 3.1% lower against the dollar and now trades at $0.24 or 0.00000349 BTC.
• ZClassic (ZCL) traded up 4.7% against the dollar and now trades at $0.27 or 0.00000404 BTC.
• Komodo (KMD) traded down 0.7% against the dollar and now trades at $0.0183 or 0.00000027 BTC.

Bitcoin Gold Coin Profile

BTG is a proof-of-work (PoW) coin that uses the Equihash hashing algorithm. Its launch date was October 25th, 2017. Bitcoin Gold’s total supply is 17,513,924 coins. Bitcoin Gold’s official message board is forum.bitcoingold.org. Bitcoin Gold’s official website 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. Bitcoin Gold’s official Twitter account is @bitcoingold and its Facebook page is accessible 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 US dollars. Investors seeking to trade Bitcoin Gold should first purchase Ethereum or Bitcoin using an exchange that deals in US dollars such as Coinbase, GDAX or Changelly. 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