Bitcoin Gold Reaches Market Cap of $471.51 Million (BTG)

Bitcoin Gold (BTG) traded down 2.6% against the US dollar during the 1 day period ending at 16:00 PM Eastern on July 30th. In the last week, Bitcoin Gold has traded up 5% against the US dollar. One Bitcoin Gold coin can now be bought for approximately $26.92 or 0.00040794 BTC on major cryptocurrency exchanges. Bitcoin Gold has a total market capitalization of $471.51 million and approximately $17.35 million worth of Bitcoin Gold was traded on exchanges in the last day.

Here is how similar cryptocurrencies have performed in the last day:

• Zcash (ZEC) traded 3.9% lower against the dollar and now trades at $31.69 or 0.00048015 BTC.
• Horizen (ZEN) traded 11.4% lower against the dollar and now trades at $9.66 or 0.00014643 BTC.
• Komodo (KMD) traded 3.3% lower against the dollar and now trades at $0.27 or 0.00000415 BTC.
• Pirate Chain (ARRR) traded 2.3% lower against the dollar and now trades at $0.17 or 0.00000255 BTC.
• ZClassic (ZCL) traded down 2.3% against the dollar and now trades at $0.0534 or 0.00000081 BTC.

About Bitcoin Gold

Bitcoin Gold is a proof-of-work (PoW) coin that uses the Equihash hashing algorithm. Its genesis date was October 25th, 2017. Bitcoin Gold’s total supply is 17,513,924 coins. The official website for Bitcoin Gold is bitcoingold.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, “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 currently 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 Gemini, Changelly 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