Bitcoin Gold 24 Hour Trading Volume Reaches $1.50 Thousand (BTG)

Bitcoin Gold (BTG) traded 72.8% higher against the dollar during the twenty-four hour period ending at 9:00 AM Eastern on February 1st. Bitcoin Gold has a total market cap of $16.88 million and approximately $1.50 thousand worth of Bitcoin Gold was traded on exchanges in the last 24 hours. During the last seven days, Bitcoin Gold has traded down 18.6% against the dollar. One Bitcoin Gold coin can now be purchased for approximately $0.96 or 0.00001233 BTC on popular cryptocurrency exchanges.

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

• Zcash (ZEC) traded down 5.7% against the dollar and now trades at $296.39 or 0.00379155 BTC.
• Horizen (ZEN) traded 6.4% lower against the dollar and now trades at $7.19 or 0.00009196 BTC.
• Pirate Chain (ARRR) traded down 6.8% against the dollar and now trades at $0.33 or 0.00000417 BTC.
• Komodo (KMD) traded up 1.1% against the dollar and now trades at $0.0257 or 0.00000033 BTC.
• ZClassic (ZCL) traded down 5.4% against the dollar and now trades at $0.25 or 0.00000321 BTC.

Bitcoin Gold Coin Profile

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. 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 btgofficial.org.

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 purchase alternative cryptocurrencies such as Bitcoin Gold directly using U.S. dollars. Investors seeking to trade Bitcoin Gold should first purchase Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Coinbase, Gemini or Changelly. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Bitcoin Gold using one of the aforementioned exchanges.

BTG/USD price chart by TradingView