Bitcoin Gold (BTG) Reaches Market Capitalization of $102.44 Million

Bitcoin Gold (BTG) traded 31.2% lower against the US dollar during the one day period ending at 10:00 AM ET on January 29th. One Bitcoin Gold coin can now be purchased for approximately $5.85 or 0.00005737 BTC on popular exchanges. In the last seven days, Bitcoin Gold has traded 39% lower against the US dollar. Bitcoin Gold has a total market capitalization of $102.44 million and approximately $2.37 million worth of Bitcoin Gold was traded on exchanges in the last 24 hours.

Here is how related cryptocurrencies have performed in the last 24 hours:

• Zcash (ZEC) traded down 6.5% against the dollar and now trades at $41.53 or 0.00040732 BTC.
• Horizen (ZEN) traded 3.2% lower against the dollar and now trades at $18.03 or 0.00017685 BTC.
• Pirate Chain (ARRR) traded 0.8% higher against the dollar and now trades at $0.18 or 0.00000177 BTC.
• Komodo (KMD) traded down 4.4% against the dollar and now trades at $0.22 or 0.00000218 BTC.
• ZClassic (ZCL) traded 0.8% lower against the dollar and now trades at $0.0439 or 0.00000043 BTC.

About Bitcoin Gold

Bitcoin Gold (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 Reddit community for Bitcoin Gold is https://reddit.com/r/bitcoingoldhq and the currency’s Github account can be viewed here. The official message board for Bitcoin Gold is forum.bitcoingold.org. Bitcoin Gold’s official website is 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.”

Bitcoin Gold Coin Trading

It is usually not presently 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 Gemini, Coinbase or GDAX. 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