Bitcoin Gold Hits Market Capitalization of $394.84 Million (BTG)

Bitcoin Gold (BTG) traded up 1.9% against the dollar during the twenty-four hour period ending at 12:00 PM Eastern on November 6th. In the last week, Bitcoin Gold has traded down 3.3% against the dollar. Bitcoin Gold has a market capitalization of $394.84 million and $9.83 million worth of Bitcoin Gold was traded on exchanges in the last 24 hours. One Bitcoin Gold coin can now be bought for $22.54 or 0.00030343 BTC on major exchanges.

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

• Zcash (ZEC) traded 7% higher against the dollar and now trades at $40.97 or 0.00055138 BTC.
• Horizen (ZEN) traded 4% higher against the dollar and now trades at $7.56 or 0.00010178 BTC.
• Pirate Chain (ARRR) traded 0.8% higher against the dollar and now trades at $0.17 or 0.00000230 BTC.
• Komodo (KMD) traded up 6.7% against the dollar and now trades at $0.23 or 0.00000309 BTC.
• ZClassic (ZCL) traded up 5.8% against the dollar and now trades at $0.0446 or 0.00000060 BTC.

Bitcoin Gold Coin Profile

Bitcoin Gold (CRYPTO:BTG) is a proof-of-work (PoW) coin that uses the Equihash hashing algorithm. It was first traded on 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 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. The official message board for Bitcoin Gold 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 possible to buy alternative cryptocurrencies such as Bitcoin Gold directly using US dollars. Investors seeking to trade Bitcoin Gold should first buy Ethereum or Bitcoin using an exchange that deals in US dollars such as Gemini, Coinbase or Changelly. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Bitcoin Gold using one of the exchanges listed above.

BTG/USD price chart by TradingView