Bitcoin Gold (BTG) Price Hits $36.46 on Major Exchanges

Bitcoin Gold (BTG) traded 1.1% lower against the US dollar during the twenty-four hour period ending at 12:00 PM Eastern on May 7th. One Bitcoin Gold coin can now be purchased for $36.46 or 0.00057186 BTC on popular cryptocurrency exchanges. Bitcoin Gold has a total market cap of $638.60 million and approximately $24.95 million worth of Bitcoin Gold was traded on exchanges in the last 24 hours. During the last seven days, Bitcoin Gold has traded 20.1% higher against the US dollar.

Here’s how related cryptocurrencies have performed during the last 24 hours:

• Zcash (ZEC) traded down 1.2% against the dollar and now trades at $22.88 or 0.00035879 BTC.
• Horizen (ZEN) traded up 0.2% against the dollar and now trades at $9.03 or 0.00014163 BTC.
• Pirate Chain (ARRR) traded 7.3% higher against the dollar and now trades at $0.37 or 0.00000588 BTC.
• Komodo (KMD) traded down 2.7% against the dollar and now trades at $0.38 or 0.00000598 BTC.
• Bitcoin Private (BTCP) traded flat against the dollar and now trades at $0.19 or 0.00000700 BTC.
• ZClassic (ZCL) traded up 2.2% against the dollar and now trades at $0.0575 or 0.00000090 BTC.

Bitcoin Gold Profile

Bitcoin Gold 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. 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. Bitcoin Gold’s official website is bitcoingold.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.”

Bitcoin Gold Coin Trading

It is usually not currently 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