Bitcoin Gold Price Hits $1.10 on Top Exchanges (BTG)

Bitcoin Gold (BTG) traded up 8.3% against the US dollar during the twenty-four hour period ending at 9:00 AM Eastern on February 17th. In the last seven days, Bitcoin Gold has traded up 5.2% against the US dollar. Bitcoin Gold has a total market capitalization of $19.29 million and approximately $1.27 thousand worth of Bitcoin Gold was traded on exchanges in the last day. One Bitcoin Gold coin can now be bought for $1.10 or 0.00001617 BTC on cryptocurrency exchanges.

Here’s how other cryptocurrencies have performed in the last day:

• Zcash (ZEC) traded 0.6% lower against the dollar and now trades at $292.57 or 0.00429613 BTC.
• Horizen (ZEN) traded 0.3% higher against the dollar and now trades at $6.22 or 0.00009140 BTC.
• Pirate Chain (ARRR) traded 9.6% higher against the dollar and now trades at $0.27 or 0.00000396 BTC.
• Komodo (KMD) traded up 0% against the dollar and now trades at $0.0234 or 0.00000034 BTC.
• ZClassic (ZCL) traded up 31.5% against the dollar and now trades at $0.27 or 0.00000400 BTC.

Bitcoin Gold Profile

Bitcoin Gold (CRYPTO: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 message board is forum.bitcoingold.org. Bitcoin Gold’s official Twitter account is @bitcoingold and its Facebook page is accessible here. Bitcoin Gold’s official website is btgofficial.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 currently possible to purchase alternative cryptocurrencies such as Bitcoin Gold directly using U.S. dollars. Investors seeking to trade Bitcoin Gold should first purchase Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Changelly, Coinbase or GDAX. 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