Bitcoin Gold (BTG) Achieves Market Cap of $401.37 Million

Bitcoin Gold (BTG) traded down 3.2% against the U.S. dollar during the 1 day period ending at 13:00 PM E.T. on September 22nd. In the last seven days, Bitcoin Gold has traded up 2.1% against the U.S. dollar. Bitcoin Gold has a market cap of $401.37 million and approximately $3.49 million worth of Bitcoin Gold was traded on exchanges in the last day. One Bitcoin Gold coin can now be purchased for about $22.92 or 0.00036459 BTC on exchanges.

Here’s how related cryptocurrencies have performed in the last day:

• Zcash (ZEC) traded 5.1% lower against the dollar and now trades at $29.83 or 0.00047461 BTC.
• Horizen (ZEN) traded down 2.6% against the dollar and now trades at $8.09 or 0.00012867 BTC.
• Pirate Chain (ARRR) traded 0.6% higher against the dollar and now trades at $0.18 or 0.00000280 BTC.
• Komodo (KMD) traded 3.1% lower against the dollar and now trades at $0.25 or 0.00000404 BTC.
• ZClassic (ZCL) traded up 0.1% against the dollar and now trades at $0.0493 or 0.00000078 BTC.

Bitcoin Gold Profile

Bitcoin Gold 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 Twitter account is @bitcoingold and its Facebook page is accessible here. The official message board for Bitcoin Gold 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. The official website for Bitcoin Gold is bitcoingold.org.

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

BTG/USD price chart by TradingView