Bitcoin Gold Reaches Market Capitalization of $15.48 Million (BTG)

Bitcoin Gold (BTG) traded down 36.3% against the dollar during the 24 hour period ending at 9:00 AM Eastern on February 21st. Bitcoin Gold has a total market cap of $15.48 million and approximately $1.47 thousand worth of Bitcoin Gold was traded on exchanges in the last day. In the last seven days, Bitcoin Gold has traded up 16.6% against the dollar. One Bitcoin Gold coin can now be bought for approximately $0.88 or 0.00001296 BTC on major cryptocurrency exchanges.

Here is how related cryptocurrencies have performed in the last day:

• Zcash (ZEC) traded up 1.8% against the dollar and now trades at $259.79 or 0.00380931 BTC.
• Horizen (ZEN) traded 3.8% higher against the dollar and now trades at $5.90 or 0.00008647 BTC.
• Pirate Chain (ARRR) traded up 5.1% against the dollar and now trades at $0.26 or 0.00000378 BTC.
• Komodo (KMD) traded 2.6% lower against the dollar and now trades at $0.0222 or 0.00000033 BTC.
• ZClassic (ZCL) traded up 14.5% against the dollar and now trades at $0.24 or 0.00000350 BTC.

Bitcoin Gold Coin 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. The official message board for Bitcoin Gold is forum.bitcoingold.org. The official website for Bitcoin Gold 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.

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. Telegram, Discord, Facebook, Youtube, Reddit, Medium”

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 Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Gemini, Changelly or Coinbase. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Bitcoin Gold using one of the aforementioned exchanges.

BTG/USD price chart by TradingView