Bitcoin Gold (BTG) Price Down 19.1% Over Last 7 Days

Bitcoin Gold (BTG) traded 9.7% lower against the U.S. dollar during the 24-hour period ending at 21:00 PM Eastern on August 4th. Bitcoin Gold has a total market capitalization of $373.06 million and approximately $4.07 million worth of Bitcoin Gold was traded on exchanges in the last 24 hours. One Bitcoin Gold coin can now be purchased for approximately $21.30 or 0.00039183 BTC on exchanges. In the last seven days, Bitcoin Gold has traded down 19.1% against the U.S. dollar.

Here’s how other cryptocurrencies have performed in the last 24 hours:

• Zcash (ZEC) traded down 7.7% against the dollar and now trades at $29.08 or 0.00053495 BTC.
• Horizen (ZEN) traded down 9.6% against the dollar and now trades at $7.53 or 0.00013845 BTC.
• Pirate Chain (ARRR) traded down 7.2% against the dollar and now trades at $0.15 or 0.00000279 BTC.
• Komodo (KMD) traded down 12.7% against the dollar and now trades at $0.21 or 0.00000382 BTC.
• ZClassic (ZCL) traded down 8.7% against the dollar and now trades at $0.0437 or 0.00000080 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. 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 Twitter account is @bitcoingold and its Facebook page is accessible here. Bitcoin Gold’s official message board is forum.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 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 purchase Bitcoin Gold using one of the aforementioned exchanges.

BTG/USD price chart by TradingView