Bitcoin Gold Trading Down 16.3% Over Last 7 Days (BTG)

Bitcoin Gold (BTG) traded 6% lower against the dollar during the twenty-four hour period ending at 9:00 AM Eastern on April 30th. In the last week, Bitcoin Gold has traded down 16.3% against the dollar. Bitcoin Gold has a total market cap of $537.87 million and approximately $6.29 million worth of Bitcoin Gold was traded on exchanges in the last 24 hours. One Bitcoin Gold coin can currently be purchased for approximately $30.71 or 0.00050179 BTC on major exchanges.

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

• Zcash (ZEC) traded 5.2% lower against the dollar and now trades at $20.98 or 0.00034275 BTC.
• Horizen (ZEN) traded 4.7% lower against the dollar and now trades at $8.13 or 0.00013290 BTC.
• Pirate Chain (ARRR) traded down 6.6% against the dollar and now trades at $0.36 or 0.00000591 BTC.
• Komodo (KMD) traded 4.6% lower against the dollar and now trades at $0.38 or 0.00000619 BTC.
• Bitcoin Private (BTCP) traded flat against the dollar and now trades at $0.19 or 0.00000700 BTC.
• ZClassic (ZCL) traded 1% lower against the dollar and now trades at $0.0551 or 0.00000090 BTC.

Bitcoin Gold Coin Profile

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. Bitcoin Gold’s official Twitter account is @bitcoingold and its Facebook page is accessible here. The official website for Bitcoin Gold is bitcoingold.org. Bitcoin Gold’s official message board is forum.bitcoingold.org. The Reddit community for Bitcoin Gold is https://reddit.com/r/bitcoingoldhq and the currency’s Github account can be viewed 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 buy alternative cryptocurrencies such as Bitcoin Gold directly using US dollars. Investors seeking to trade Bitcoin Gold should first buy Ethereum or Bitcoin using an exchange that deals in US dollars such as Changelly, Gemini or Coinbase. 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