Bitcoin Gold (BTG) Price Tops $0.54 on Exchanges

Bitcoin Gold (BTG) traded down 0.6% against the US dollar during the 24-hour period ending at 9:00 AM Eastern on December 27th. In the last seven days, Bitcoin Gold has traded 8.5% lower against the US dollar. Bitcoin Gold has a total market cap of $9.39 million and approximately $590.04 worth of Bitcoin Gold was traded on exchanges in the last day. One Bitcoin Gold coin can now be purchased for approximately $0.54 or 0.00000614 BTC on major exchanges.

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

• Zcash (ZEC) traded 13.8% higher against the dollar and now trades at $506.89 or 0.00580141 BTC.
• Horizen (ZEN) traded 15.2% higher against the dollar and now trades at $9.19 or 0.00010516 BTC.
• Pirate Chain (ARRR) traded down 2.4% against the dollar and now trades at $0.26 or 0.00000300 BTC.
• Komodo (KMD) traded down 1.1% against the dollar and now trades at $0.0361 or 0.00000041 BTC.
• ZClassic (ZCL) traded up 10.9% against the dollar and now trades at $0.29 or 0.00000330 BTC.

Bitcoin Gold Profile

Bitcoin Gold (CRYPTO: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 website is btgofficial.org. Bitcoin Gold’s official message board is forum.bitcoingold.org. 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.

According to CryptoCompare, “BTG is a cryptocurrency with Bitcoin fundamentals, mined on common GPUs instead of specialty ASICs. This type of equipment tends to monopolize mining to a few big players, but GPU mining means anyone can mine again – restoring decentralization and independence. GPU mining rewards go to individuals worldwide, instead of mostly to ASIC warehouse owners, recreating network effects that Bitcoin used to have.”

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 trade Bitcoin Gold should first buy Bitcoin or Ethereum using an exchange that deals in US dollars such as GDAX, Changelly or Coinbase. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Bitcoin Gold using one of the aforementioned exchanges.

BTG/USD price chart by TradingView