Bitcoin Gold Market Cap Reaches $8.73 Million (BTG)

Bitcoin Gold (BTG) traded 47.3% lower against the dollar during the 1 day period ending at 9:00 AM E.T. on February 5th. Over the last seven days, Bitcoin Gold has traded 72.4% lower against the dollar. One Bitcoin Gold coin can now be purchased for $0.50 or 0.00000708 BTC on major exchanges. Bitcoin Gold has a total market cap of $8.73 million and approximately $3.11 thousand worth of Bitcoin Gold was traded on exchanges in the last 24 hours.

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

• Zcash (ZEC) traded 13.8% lower against the dollar and now trades at $240.53 or 0.00341614 BTC.
• Horizen (ZEN) traded down 7.6% against the dollar and now trades at $6.38 or 0.00009058 BTC.
• Pirate Chain (ARRR) traded down 17.2% against the dollar and now trades at $0.31 or 0.00000436 BTC.
• Komodo (KMD) traded down 4.9% against the dollar and now trades at $0.0249 or 0.00000035 BTC.
• ZClassic (ZCL) traded down 7.1% against the dollar and now trades at $0.21 or 0.00000302 BTC.

About Bitcoin Gold

Bitcoin Gold (BTG) is a proof-of-work (PoW) coin that uses the Equihash hashing algorithm. It launched on October 25th, 2017. Bitcoin Gold’s total supply is 17,513,924 coins. Bitcoin Gold’s official website is btgofficial.org. 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. Bitcoin Gold’s official message board is forum.bitcoingold.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.”

Bitcoin Gold Coin Trading

It is usually not presently possible to buy alternative cryptocurrencies such as Bitcoin Gold directly using US dollars. Investors seeking to acquire Bitcoin Gold should first buy Bitcoin or Ethereum using an exchange that deals in US dollars such as Coinbase, Changelly or Gemini. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Bitcoin Gold using one of the aforementioned exchanges.

BTG/USD price chart by TradingView