Bitcoin Gold (BTG) Trading Down 54.2% This Week

Bitcoin Gold (BTG) traded down 54.2% against the U.S. dollar during the 24-hour period ending at 11:00 AM ET on October 3rd. One Bitcoin Gold coin can currently be bought for approximately $0.41 or 0.00000479 BTC on major exchanges. Bitcoin Gold has a total market capitalization of $7.11 million and approximately $2.68 worth of Bitcoin Gold was traded on exchanges in the last day. In the last week, Bitcoin Gold has traded down 54.2% against the U.S. dollar.

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

• Zcash (ZEC) traded down 5% against the dollar and now trades at $1,303.32 or 0.01536379 BTC.
• Horizen (ZEN) traded 3.1% lower against the dollar and now trades at $6.88 or 0.00008108 BTC.
• Pirate Chain (ARRR) traded 3.4% higher against the dollar and now trades at $0.31 or 0.00000361 BTC.
• ZClassic (ZCL) traded 16.2% higher against the dollar and now trades at $1.09 or 0.00001287 BTC.
• Komodo (KMD) traded down 73.9% against the dollar and now trades at $0.0200 or 0.00000024 BTC.

Bitcoin Gold Coin Profile

Bitcoin Gold (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. 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. The official website for Bitcoin Gold is btgofficial.org. 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”

Bitcoin Gold Coin Trading

It is usually not presently possible to buy alternative cryptocurrencies such as Bitcoin Gold directly using US dollars. Investors seeking to acquire Bitcoin Gold should first buy Ethereum or Bitcoin using an exchange that deals in US dollars such as Coinbase, GDAX or Changelly. 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