Bitcoin Gold Price Up 91.3% This Week (BTG)

Bitcoin Gold (BTG) traded down 45.7% against the U.S. dollar during the 24 hour period ending at 9:00 AM ET on January 20th. One Bitcoin Gold coin can now be purchased for $1.14 or 0.00001254 BTC on major exchanges. Bitcoin Gold has a total market cap of $19.95 million and $1.42 thousand worth of Bitcoin Gold was traded on exchanges in the last day. During the last week, Bitcoin Gold has traded up 91.3% against the U.S. dollar.

Here is how other cryptocurrencies have performed during the last day:

• Zcash (ZEC) traded down 4.9% against the dollar and now trades at $351.76 or 0.00387105 BTC.
• Horizen (ZEN) traded down 7.9% against the dollar and now trades at $10.14 or 0.00011158 BTC.
• Pirate Chain (ARRR) traded 9.4% lower against the dollar and now trades at $0.46 or 0.00000506 BTC.
• Komodo (KMD) traded 0.5% lower against the dollar and now trades at $0.0366 or 0.00000040 BTC.
• ZClassic (ZCL) traded 3.2% lower against the dollar and now trades at $0.32 or 0.00000357 BTC.

About Bitcoin Gold

BTG 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. Bitcoin Gold’s official Twitter account is @bitcoingold and its Facebook page is accessible here. The official website for Bitcoin Gold is btgofficial.org. 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.”

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 acquire Bitcoin Gold should first purchase Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as GDAX, Gemini or Changelly. 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