Bitcoin Gold Market Cap Hits $463.50 Million (BTG)

Bitcoin Gold (BTG) traded 1.6% lower against the US dollar during the 24 hour period ending at 0:00 AM ET on July 21st. Bitcoin Gold has a total market cap of $463.50 million and $13.76 million worth of Bitcoin Gold was traded on exchanges in the last 24 hours. Over the last seven days, Bitcoin Gold has traded 0.8% lower against the US dollar. One Bitcoin Gold coin can currently be bought for approximately $26.46 or 0.00038941 BTC on major exchanges.

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

• Zcash (ZEC) traded 5.9% higher against the dollar and now trades at $31.70 or 0.00046645 BTC.
• Horizen (ZEN) traded down 6.2% against the dollar and now trades at $12.02 or 0.00017688 BTC.
• Komodo (KMD) traded up 0.2% against the dollar and now trades at $0.30 or 0.00000438 BTC.
• Pirate Chain (ARRR) traded up 0.5% against the dollar and now trades at $0.20 or 0.00000301 BTC.
• ZClassic (ZCL) traded up 2.4% against the dollar and now trades at $0.0557 or 0.00000082 BTC.

About Bitcoin Gold

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. Bitcoin Gold’s official website is bitcoingold.org. Bitcoin Gold’s official Twitter account is @bitcoingold and its Facebook page is accessible here. 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 Bitcoin or Ethereum using an exchange that deals in US dollars such as Changelly, Gemini or GDAX. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Bitcoin Gold using one of the aforementioned exchanges.

BTG/USD price chart by TradingView