Bitcoin Gold (BTG) Trading Up 5.8% Over Last 7 Days

Bitcoin Gold (BTG) traded down 0.4% against the dollar during the 1 day period ending at 14:00 PM ET on May 23rd. One Bitcoin Gold coin can currently be purchased for approximately $36.58 or 0.00054459 BTC on popular cryptocurrency exchanges. Bitcoin Gold has a market cap of $640.63 million and $26.62 million worth of Bitcoin Gold was traded on exchanges in the last day. Over the last week, Bitcoin Gold has traded up 5.8% against the dollar.

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

• Zcash (ZEC) traded down 1.1% against the dollar and now trades at $24.14 or 0.00035939 BTC.
• Horizen (ZEN) traded up 2% against the dollar and now trades at $9.39 or 0.00013984 BTC.
• Pirate Chain (ARRR) traded 7.3% lower against the dollar and now trades at $0.26 or 0.00000393 BTC.
• Komodo (KMD) traded 6.9% lower against the dollar and now trades at $0.38 or 0.00000558 BTC.
• Bitcoin Private (BTCP) traded flat against the dollar and now trades at $0.19 or 0.00000700 BTC.
• ZClassic (ZCL) traded 0.8% lower against the dollar and now trades at $0.0624 or 0.00000093 BTC.

About Bitcoin Gold

BTG is a proof-of-work (PoW) coin that uses the Equihash hashing algorithm. It launched on October 25th, 2017. Bitcoin Gold’s total supply is 17,513,924 coins. Bitcoin Gold’s official Twitter account is @bitcoingold and its Facebook page is accessible here. 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.

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 US dollars. Investors seeking to acquire Bitcoin Gold should first purchase Bitcoin or Ethereum using an exchange that deals in US dollars such as Changelly, GDAX or Gemini. 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