Bitcoin Gold Reaches 24-Hour Volume of $1.56 Thousand (BTG)

Bitcoin Gold (BTG) traded up 137.3% against the US dollar during the 24-hour period ending at 9:00 AM Eastern on January 16th. Bitcoin Gold has a total market capitalization of $22.79 million and approximately $1.56 thousand worth of Bitcoin Gold was traded on exchanges in the last 24 hours. Over the last week, Bitcoin Gold has traded up 58.4% against the US dollar. One Bitcoin Gold coin can currently be purchased for approximately $1.30 or 0.00001362 BTC on major cryptocurrency exchanges.

Here is how other cryptocurrencies have performed over the last 24 hours:

• Zcash (ZEC) traded down 7.7% against the dollar and now trades at $408.34 or 0.00427586 BTC.
• Horizen (ZEN) traded 1.7% higher against the dollar and now trades at $12.74 or 0.00013336 BTC.
• Pirate Chain (ARRR) traded up 6.7% against the dollar and now trades at $0.66 or 0.00000691 BTC.
• Komodo (KMD) traded down 1.7% against the dollar and now trades at $0.0371 or 0.00000039 BTC.
• ZClassic (ZCL) traded up 9.8% against the dollar and now trades at $0.34 or 0.00000360 BTC.

Bitcoin Gold Profile

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. 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 btgofficial.org.

According to CryptoCompare, “BTG is a cryptocurrency with Bitcoin fundamentals, mined on common GPUs instead of specialty ASICs. This type of equipment tends to monopolize mining to a few big players, but GPU mining means anyone can mine again – restoring decentralization and independence. GPU mining rewards go to individuals worldwide, instead of mostly to ASIC warehouse owners, recreating network effects that Bitcoin used to have.”

Buying and Selling Bitcoin Gold

It is usually not currently 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, GDAX or Coinbase. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Bitcoin Gold using one of the aforementioned exchanges.

BTG/USD price chart by TradingView