Bitcoin Gold Market Cap Achieves $399.65 Million (BTG)

Bitcoin Gold (BTG) traded up 6.8% against the dollar during the twenty-four hour period ending at 23:00 PM Eastern on November 5th. Bitcoin Gold has a market capitalization of $399.65 million and approximately $5.82 million worth of Bitcoin Gold was traded on exchanges in the last day. One Bitcoin Gold coin can now be purchased for about $22.82 or 0.00030706 BTC on popular cryptocurrency exchanges. Over the last week, Bitcoin Gold has traded 3.1% lower against the dollar.

Here’s how similar cryptocurrencies have performed over the last day:

• Zcash (ZEC) traded 4.1% higher against the dollar and now trades at $38.68 or 0.00052047 BTC.
• Horizen (ZEN) traded 7.2% higher against the dollar and now trades at $7.50 or 0.00010086 BTC.
• Pirate Chain (ARRR) traded 7% higher against the dollar and now trades at $0.18 or 0.00000236 BTC.
• Komodo (KMD) traded 8.2% higher against the dollar and now trades at $0.23 or 0.00000303 BTC.
• ZClassic (ZCL) traded 9% higher against the dollar and now trades at $0.0446 or 0.00000060 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 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. The official website for Bitcoin Gold 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 purchase alternative cryptocurrencies such as Bitcoin Gold directly using U.S. dollars. Investors seeking to trade Bitcoin Gold should first purchase Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Changelly, Gemini or GDAX. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Bitcoin Gold using one of the exchanges listed above.

BTG/USD price chart by TradingView