Bitcoin Gold Market Capitalization Hits $449.18 Million (BTG)

Bitcoin Gold (BTG) traded 3.1% lower against the U.S. dollar during the twenty-four hour period ending at 22:00 PM E.T. on July 22nd. In the last seven days, Bitcoin Gold has traded 8.5% lower against the U.S. dollar. Bitcoin Gold has a market cap of $449.18 million and approximately $197.89 million worth of Bitcoin Gold was traded on exchanges in the last 24 hours. One Bitcoin Gold coin can currently be bought for $25.65 or 0.00038020 BTC on major exchanges.

Here is how related cryptocurrencies have performed in the last 24 hours:

• Zcash (ZEC) traded 1% lower against the dollar and now trades at $31.45 or 0.00046623 BTC.
• Horizen (ZEN) traded down 2.2% against the dollar and now trades at $11.76 or 0.00017441 BTC.
• Komodo (KMD) traded down 3.1% against the dollar and now trades at $0.29 or 0.00000428 BTC.
• Pirate Chain (ARRR) traded down 5.4% against the dollar and now trades at $0.19 or 0.00000288 BTC.
• ZClassic (ZCL) traded down 1.8% against the dollar and now trades at $0.0542 or 0.00000080 BTC.

Bitcoin Gold Coin Profile

BTG 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. 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.”

Buying and Selling Bitcoin Gold

It is usually not possible to buy alternative cryptocurrencies such as Bitcoin Gold directly using U.S. dollars. Investors seeking to trade Bitcoin Gold should first buy Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Changelly, Coinbase 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