Bitcoin Gold Price Hits $29.00 (BTG)

Bitcoin Gold (BTG) traded 2.4% higher against the U.S. dollar during the one day period ending at 9:00 AM Eastern on May 2nd. Bitcoin Gold has a market cap of $507.82 million and $6.37 million worth of Bitcoin Gold was traded on exchanges in the last 24 hours. In the last seven days, Bitcoin Gold has traded 15.1% lower against the U.S. dollar. One Bitcoin Gold coin can now be purchased for $29.00 or 0.00049480 BTC on cryptocurrency exchanges.

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

• Zcash (ZEC) traded up 7.7% against the dollar and now trades at $22.57 or 0.00038510 BTC.
• Horizen (ZEN) traded up 3.5% against the dollar and now trades at $8.46 or 0.00014431 BTC.
• Pirate Chain (ARRR) traded 0.7% lower against the dollar and now trades at $0.34 or 0.00000574 BTC.
• Komodo (KMD) traded up 5% against the dollar and now trades at $0.40 or 0.00000679 BTC.
• Bitcoin Private (BTCP) traded flat against the dollar and now trades at $0.19 or 0.00000700 BTC.
• ZClassic (ZCL) traded 0.8% higher against the dollar and now trades at $0.0525 or 0.00000090 BTC.

Bitcoin Gold Profile

Bitcoin Gold is a proof-of-work (PoW) coin that uses the Equihash hashing algorithm. Its launch date was October 25th, 2017. Bitcoin Gold’s total supply is 17,513,924 coins. 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. Bitcoin Gold’s official Twitter account is @bitcoingold and its Facebook page is accessible 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.”

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 Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Changelly, Coinbase or Gemini. 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