Bitcoin Gold (BTG) Hits Market Cap of $4.09 Million

Bitcoin Gold (BTG) traded down 45.5% against the U.S. dollar during the 1-day period ending at 11:00 AM Eastern on July 27th. Bitcoin Gold has a market capitalization of $4.09 million and $117.92 worth of Bitcoin Gold was traded on exchanges in the last 24 hours. During the last seven days, Bitcoin Gold has traded 6% lower against the U.S. dollar. One Bitcoin Gold coin can currently be purchased for about $0.23 or 0.00000359 BTC on popular exchanges.

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

• Zcash (ZEC) traded down 0.6% against the dollar and now trades at $490.02 or 0.00757744 BTC.
• Horizen (ZEN) traded 1.6% lower against the dollar and now trades at $4.03 or 0.00006237 BTC.
• Pirate Chain (ARRR) traded up 3.1% against the dollar and now trades at $0.22 or 0.00000341 BTC.
• ZClassic (ZCL) traded up 4.2% against the dollar and now trades at $0.16 or 0.00000249 BTC.
• Komodo (KMD) traded 49.3% lower against the dollar and now trades at $0.0070 or 0.00000011 BTC.

Bitcoin Gold Profile

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 message board 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 purchase alternative cryptocurrencies such as Bitcoin Gold directly using U.S. dollars. Investors seeking to trade Bitcoin Gold should first purchase Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Gemini, GDAX or Changelly. 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