Bitcoin Gold Price Down 43.1% Over Last Week (BTG)

Bitcoin Gold (BTG) traded down 8.6% against the dollar during the 1 day period ending at 9:00 AM Eastern on May 20th. One Bitcoin Gold coin can currently be purchased for about $0.32 or 0.00000413 BTC on popular cryptocurrency exchanges. During the last week, Bitcoin Gold has traded 43.1% lower against the dollar. Bitcoin Gold has a total market cap of $5.60 million and approximately $1.34 thousand worth of Bitcoin Gold was traded on exchanges in the last day.

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

• Zcash (ZEC) traded up 5.5% against the dollar and now trades at $588.03 or 0.00759595 BTC.
• Horizen (ZEN) traded 7.9% higher against the dollar and now trades at $6.47 or 0.00008355 BTC.
• Pirate Chain (ARRR) traded up 5.6% against the dollar and now trades at $0.24 or 0.00000315 BTC.
• Komodo (KMD) traded 1.6% lower against the dollar and now trades at $0.0740 or 0.00000095 BTC.
• ZClassic (ZCL) traded 0.9% higher against the dollar and now trades at $0.16 or 0.00000211 BTC.

About Bitcoin Gold

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

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

BTG/USD price chart by TradingView