Bitcoin Gold Reaches Market Capitalization of $8.49 Million (BTG)

Bitcoin Gold (BTG) traded down 1% against the US dollar during the one day period ending at 11:00 AM E.T. on September 13th. During the last seven days, Bitcoin Gold has traded down 2.6% against the US dollar. Bitcoin Gold has a market cap of $8.49 million and $0.95 worth of Bitcoin Gold was traded on exchanges in the last day. One Bitcoin Gold coin can now be purchased for $0.48 or 0.00000629 BTC on popular cryptocurrency exchanges.

Here’s how similar cryptocurrencies have performed during the last day:

• Zcash (ZEC) traded down 4.8% against the dollar and now trades at $1,089.29 or 0.01412979 BTC.
• Horizen (ZEN) traded 1.7% lower against the dollar and now trades at $6.33 or 0.00008211 BTC.
• Pirate Chain (ARRR) traded down 5.5% against the dollar and now trades at $0.21 or 0.00000277 BTC.
• ZClassic (ZCL) traded up 9.6% against the dollar and now trades at $0.32 or 0.00000414 BTC.
• Komodo (KMD) traded 16.2% higher against the dollar and now trades at $0.0081 or 0.00000011 BTC.

Bitcoin Gold Profile

Bitcoin Gold (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. Bitcoin Gold’s official Twitter account is @bitcoingold and its Facebook page is accessible here. 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.

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 presently 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, GDAX or Gemini. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Bitcoin Gold using one of the aforementioned exchanges.

BTG/USD price chart by TradingView