Bitcoin Gold Trading Up 2.5% Over Last 7 Days (BTG)

Bitcoin Gold (BTG) traded 1.6% lower against the U.S. dollar during the 24-hour period ending at 12:00 PM ET on November 2nd. Bitcoin Gold has a market capitalization of $386.49 million and $1.93 million worth of Bitcoin Gold was traded on exchanges in the last day. One Bitcoin Gold coin can now be purchased for $22.07 or 0.00031804 BTC on popular exchanges. During the last seven days, Bitcoin Gold has traded 2.5% higher against the U.S. dollar.

Here is how similar cryptocurrencies have performed during the last day:

• Zcash (ZEC) traded down 3% against the dollar and now trades at $36.73 or 0.00052930 BTC.
• Horizen (ZEN) traded 0.9% lower against the dollar and now trades at $7.37 or 0.00010615 BTC.
• Pirate Chain (ARRR) traded down 8% against the dollar and now trades at $0.17 or 0.00000249 BTC.
• Komodo (KMD) traded 5.3% lower against the dollar and now trades at $0.22 or 0.00000318 BTC.
• ZClassic (ZCL) traded 1.6% lower against the dollar and now trades at $0.0486 or 0.00000070 BTC.

Bitcoin Gold Coin 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. 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. Bitcoin Gold’s official message board is forum.bitcoingold.org. 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 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 GDAX, Changelly 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