Bitcoin Gold Market Cap Hits $372.20 Million (BTG)

Bitcoin Gold (BTG) traded 3.7% lower against the U.S. dollar during the 24-hour period ending at 21:00 PM E.T. on November 4th. Bitcoin Gold has a market capitalization of $372.20 million and $3.66 million worth of Bitcoin Gold was traded on exchanges in the last day. Over the last week, Bitcoin Gold has traded down 9% against the U.S. dollar. One Bitcoin Gold coin can currently be purchased for about $21.25 or 0.00031267 BTC on exchanges.

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

• Zcash (ZEC) traded 0.4% lower against the dollar and now trades at $36.95 or 0.00054371 BTC.
• Horizen (ZEN) traded down 2.8% against the dollar and now trades at $7.02 or 0.00010328 BTC.
• Pirate Chain (ARRR) traded down 2.7% against the dollar and now trades at $0.17 or 0.00000244 BTC.
• Komodo (KMD) traded down 0.6% against the dollar and now trades at $0.21 or 0.00000308 BTC.
• ZClassic (ZCL) traded 35.7% lower against the dollar and now trades at $0.0408 or 0.00000060 BTC.

Bitcoin Gold Coin Profile

Bitcoin Gold is a proof-of-work (PoW) coin that uses the Equihash hashing algorithm. Its genesis date was October 25th, 2017. Bitcoin Gold’s total supply is 17,513,924 coins. The official website for Bitcoin Gold is bitcoingold.org. Bitcoin Gold’s official message board is forum.bitcoingold.org. 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.

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 buy alternative cryptocurrencies such as Bitcoin Gold directly using US dollars. Investors seeking to acquire Bitcoin Gold should first buy Ethereum or Bitcoin using an exchange that deals in US dollars such as Changelly, GDAX or Gemini. 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