Bitcoin Gold Market Cap Hits $395.17 Million (BTG)

Bitcoin Gold (BTG) traded up 1.1% against the U.S. dollar during the one day period ending at 16:00 PM ET on October 6th. During the last seven days, Bitcoin Gold has traded 8.4% lower against the U.S. dollar. Bitcoin Gold has a total market capitalization of $395.17 million and $940,399.52 worth of Bitcoin Gold was traded on exchanges in the last day. One Bitcoin Gold coin can now be purchased for approximately $22.56 or 0.00036037 BTC on exchanges.

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

• Zcash (ZEC) traded up 5.7% against the dollar and now trades at $28.64 or 0.00045744 BTC.
• Horizen (ZEN) traded 3.6% higher against the dollar and now trades at $7.70 or 0.00012290 BTC.
• Pirate Chain (ARRR) traded up 2.1% against the dollar and now trades at $0.18 or 0.00000284 BTC.
• Komodo (KMD) traded up 2.8% against the dollar and now trades at $0.25 or 0.00000398 BTC.
• ZClassic (ZCL) traded 5.8% higher against the dollar and now trades at $0.0501 or 0.00000080 BTC.

Bitcoin Gold Coin 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. 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. Bitcoin Gold’s official message board is forum.bitcoingold.org. Bitcoin Gold’s official Twitter account is @bitcoingold and its Facebook page is accessible 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 Changelly, Coinbase or GDAX. 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