Bitcoin Gold Market Capitalization Hits $3.15 Million (BTG)

Bitcoin Gold (BTG) traded 10% lower against the dollar during the one day period ending at 11:00 AM Eastern on July 19th. One Bitcoin Gold coin can now be bought for about $0.18 or 0.00000279 BTC on popular cryptocurrency exchanges. Bitcoin Gold has a market capitalization of $3.15 million and $725.85 worth of Bitcoin Gold was traded on exchanges in the last 24 hours. In the last seven days, Bitcoin Gold has traded down 37.7% against the dollar.

Here’s how other cryptocurrencies have performed in the last 24 hours:

• Zcash (ZEC) traded 0.5% lower against the dollar and now trades at $553.84 or 0.00858876 BTC.
• Horizen (ZEN) traded 0% lower against the dollar and now trades at $4.17 or 0.00006459 BTC.
• Pirate Chain (ARRR) traded up 0.3% against the dollar and now trades at $0.22 or 0.00000334 BTC.
• Komodo (KMD) traded down 81.7% against the dollar and now trades at $0.0229 or 0.00000035 BTC.
• ZClassic (ZCL) traded down 2.3% against the dollar and now trades at $0.16 or 0.00000248 BTC.

About 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. The official message board for Bitcoin Gold is forum.bitcoingold.org. Bitcoin Gold’s official website 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.

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. Telegram, Discord, Facebook, Youtube, Reddit, Medium”

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

BTG/USD price chart by TradingView