Bitcoin Gold Market Capitalization Tops $5.07 Million (BTG)

Bitcoin Gold (BTG) traded down 9.3% against the dollar during the one day period ending at 9:00 AM ET on June 5th. Bitcoin Gold has a market capitalization of $5.07 million and approximately $951.04 worth of Bitcoin Gold was traded on exchanges in the last 24 hours. One Bitcoin Gold coin can currently be bought for $0.29 or 0.00000465 BTC on major exchanges. Over the last week, Bitcoin Gold has traded up 3.8% against the dollar.

Here is how similar cryptocurrencies have performed over the last 24 hours:

• Zcash (ZEC) traded down 39.4% against the dollar and now trades at $317.32 or 0.00509971 BTC.
• Horizen (ZEN) traded down 15.2% against the dollar and now trades at $4.37 or 0.00007024 BTC.
• Pirate Chain (ARRR) traded down 13.1% against the dollar and now trades at $0.31 or 0.00000501 BTC.
• Komodo (KMD) traded up 9.9% against the dollar and now trades at $0.10 or 0.00000164 BTC.
• ZClassic (ZCL) traded 35.3% lower against the dollar and now trades at $0.28 or 0.00000449 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. 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. 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 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 Changelly, GDAX or Coinbase. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Bitcoin Gold using one of the exchanges listed above.

BTG/USD price chart by TradingView