Bitcoin Gold Hits One Day Trading Volume of $5.03 (BTG)

Bitcoin Gold (BTG) traded down 24.5% against the US dollar during the 24 hour period ending at 12:00 PM ET on July 11th. One Bitcoin Gold coin can now be bought for about $0.26 or 0.00000408 BTC on popular exchanges. Bitcoin Gold has a market capitalization of $4.59 million and $5.03 worth of Bitcoin Gold was traded on exchanges in the last day. During the last seven days, Bitcoin Gold has traded up 0.8% against the US dollar.

Here is how other cryptocurrencies have performed during the last day:

• Zcash (ZEC) traded down 0.2% against the dollar and now trades at $503.76 or 0.00785004 BTC.
• Horizen (ZEN) traded 0.1% higher against the dollar and now trades at $4.17 or 0.00006497 BTC.
• Pirate Chain (ARRR) traded 2.7% lower against the dollar and now trades at $0.22 or 0.00000342 BTC.
• Komodo (KMD) traded 160.1% higher against the dollar and now trades at $0.0292 or 0.00000046 BTC.
• ZClassic (ZCL) traded down 1.8% against the dollar and now trades at $0.17 or 0.00000271 BTC.

Bitcoin Gold Profile

Bitcoin Gold (CRYPTO: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. The official website for Bitcoin Gold is btgofficial.org. 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. 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 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 GDAX, Changelly or Gemini. 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