Bitcoin Gold (BTG) Price Hits $34.23

Bitcoin Gold (BTG) traded 4.1% lower against the US dollar during the 24-hour period ending at 11:00 AM E.T. on April 25th. Bitcoin Gold has a market cap of $599.45 million and approximately $6.14 million worth of Bitcoin Gold was traded on exchanges in the last day. In the last week, Bitcoin Gold has traded down 3.9% against the US dollar. One Bitcoin Gold coin can now be bought for about $34.23 or 0.00054013 BTC on cryptocurrency exchanges.

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

• Zcash (ZEC) traded down 2.5% against the dollar and now trades at $22.88 or 0.00036110 BTC.
• Horizen (ZEN) traded 4.6% lower against the dollar and now trades at $8.84 or 0.00013952 BTC.
• Pirate Chain (ARRR) traded 1.8% higher against the dollar and now trades at $0.39 or 0.00000618 BTC.
• Komodo (KMD) traded down 5.8% against the dollar and now trades at $0.42 or 0.00000661 BTC.
• Bitcoin Private (BTCP) traded flat against the dollar and now trades at $0.19 or 0.00000700 BTC.
• ZClassic (ZCL) traded down 2.1% against the dollar and now trades at $0.0606 or 0.00000096 BTC.

Bitcoin Gold Coin 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. 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 website is bitcoingold.org. The official message board for Bitcoin Gold is forum.bitcoingold.org. Bitcoin Gold’s official Twitter account is @bitcoingold and its Facebook page is accessible here.

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.”

Buying and Selling Bitcoin Gold

It is usually not 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 GDAX, Changelly or Gemini. 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