Bitcoin Gold 24 Hour Trading Volume Hits $443.02 (BTG)

Bitcoin Gold (BTG) traded down 13.2% against the US dollar during the twenty-four hour period ending at 9:00 AM Eastern on May 16th. Over the last week, Bitcoin Gold has traded 33.3% lower against the US dollar. Bitcoin Gold has a market cap of $6.66 million and $443.02 worth of Bitcoin Gold was traded on exchanges in the last day. One Bitcoin Gold coin can currently be purchased for about $0.38 or 0.00000488 BTC on major cryptocurrency exchanges.

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

• Zcash (ZEC) traded down 5.4% against the dollar and now trades at $497.95 or 0.00639473 BTC.
• Horizen (ZEN) traded down 5.6% against the dollar and now trades at $5.89 or 0.00007558 BTC.
• Pirate Chain (ARRR) traded 17.1% higher against the dollar and now trades at $0.24 or 0.00000310 BTC.
• Komodo (KMD) traded 19.1% higher against the dollar and now trades at $0.0747 or 0.00000096 BTC.
• ZClassic (ZCL) traded down 1.7% against the dollar and now trades at $0.16 or 0.00000211 BTC.

About Bitcoin Gold

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. Bitcoin Gold’s official message board 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 currently 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, Gemini or GDAX. 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