Bitcoin Gold Reaches Market Capitalization of $84.49 Million (BTG)

Bitcoin Gold (BTG) traded down 3.2% against the US dollar during the 1 day period ending at 10:00 AM Eastern on February 6th. During the last week, Bitcoin Gold has traded down 20.5% against the US dollar. Bitcoin Gold has a market cap of $84.49 million and $2.12 million worth of Bitcoin Gold was traded on exchanges in the last 24 hours. One Bitcoin Gold coin can currently be bought for $4.82 or 0.00004933 BTC on major cryptocurrency exchanges.

Here’s how related cryptocurrencies have performed during the last 24 hours:

• Zcash (ZEC) traded 8.6% lower against the dollar and now trades at $30.41 or 0.00031102 BTC.
• Horizen (ZEN) traded down 10.2% against the dollar and now trades at $11.47 or 0.00011726 BTC.
• Pirate Chain (ARRR) traded down 6.2% against the dollar and now trades at $0.15 or 0.00000152 BTC.
• Komodo (KMD) traded 5.7% lower against the dollar and now trades at $0.18 or 0.00000187 BTC.
• ZClassic (ZCL) traded up 91.7% against the dollar and now trades at $0.0811 or 0.00000083 BTC.

Bitcoin Gold Profile

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 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. Bitcoin Gold’s official message board 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.”

Bitcoin Gold Coin Trading

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, Coinbase or Changelly. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Bitcoin Gold using one of the exchanges listed above.

BTG/USD price chart by TradingView