Bitcoin Gold Price Reaches $0.87 on Major Exchanges (BTG)

Bitcoin Gold (BTG) traded 1.2% higher against the U.S. dollar during the 1 day period ending at 11:00 AM Eastern on September 29th. During the last week, Bitcoin Gold has traded 59.6% higher against the U.S. dollar. Bitcoin Gold has a total market capitalization of $15.31 million and $193.52 worth of Bitcoin Gold was traded on exchanges in the last 24 hours. One Bitcoin Gold coin can now be bought for about $0.87 or 0.00001053 BTC on cryptocurrency exchanges.

Here’s how related cryptocurrencies have performed during the last 24 hours:

• Zcash (ZEC) traded 7.3% lower against the dollar and now trades at $1,417.49 or 0.01707386 BTC.
• Horizen (ZEN) traded up 1.3% against the dollar and now trades at $6.97 or 0.00008392 BTC.
• Pirate Chain (ARRR) traded down 10% against the dollar and now trades at $0.27 or 0.00000331 BTC.
• Komodo (KMD) traded down 15.9% against the dollar and now trades at $0.0752 or 0.00000091 BTC.
• ZClassic (ZCL) traded up 9.2% against the dollar and now trades at $0.88 or 0.00001065 BTC.

Bitcoin Gold Profile

Bitcoin Gold (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 website for Bitcoin Gold is btgofficial.org. The official message board for Bitcoin Gold is forum.bitcoingold.org. Bitcoin Gold’s official Twitter account is @bitcoingold and its Facebook page is accessible here. The Reddit community for Bitcoin Gold is https://reddit.com/r/bitcoingoldhq and the currency’s Github account can be viewed here.

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 presently possible to buy alternative cryptocurrencies such as Bitcoin Gold directly using US dollars. Investors seeking to trade Bitcoin Gold should first buy Bitcoin or Ethereum using an exchange that deals in US dollars such as Gemini, GDAX or Coinbase. 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