Bitcoin Gold (BTG) Market Capitalization Reaches $609.25 Million

Bitcoin Gold (BTG) traded 3.6% lower against the US dollar during the 1 day period ending at 10:00 AM ET on May 8th. One Bitcoin Gold coin can currently be purchased for about $34.79 or 0.00055623 BTC on cryptocurrency exchanges. During the last week, Bitcoin Gold has traded up 23.3% against the US dollar. Bitcoin Gold has a total market cap of $609.25 million and $11.52 million worth of Bitcoin Gold was traded on exchanges in the last day.

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

• Zcash (ZEC) traded up 0.2% against the dollar and now trades at $22.83 or 0.00036506 BTC.
• Horizen (ZEN) traded down 0.3% against the dollar and now trades at $8.89 or 0.00014215 BTC.
• Pirate Chain (ARRR) traded up 1.2% against the dollar and now trades at $0.38 or 0.00000606 BTC.
• Komodo (KMD) traded down 2.7% against the dollar and now trades at $0.37 or 0.00000590 BTC.
• Bitcoin Private (BTCP) traded flat against the dollar and now trades at $0.19 or 0.00000700 BTC.
• ZClassic (ZCL) traded 3.4% lower against the dollar and now trades at $0.0549 or 0.00000088 BTC.

About Bitcoin Gold

Bitcoin Gold (CRYPTO:BTG) 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. Bitcoin Gold’s official message board 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. Bitcoin Gold’s official Twitter account is @bitcoingold and its Facebook page is accessible 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 currently possible to buy alternative cryptocurrencies such as Bitcoin Gold directly using U.S. dollars. Investors seeking to acquire Bitcoin Gold should first buy Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Coinbase, GDAX or Gemini. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Bitcoin Gold using one of the aforementioned exchanges.

BTG/USD price chart by TradingView