Bitcoin Gold Price Reaches $1.61 on Major Exchanges (BTG)

Bitcoin Gold (BTG) traded 173.5% higher against the US dollar during the 24 hour period ending at 9:00 AM Eastern on February 25th. Bitcoin Gold has a total market cap of $28.15 million and $827.47 worth of Bitcoin Gold was traded on exchanges in the last 24 hours. One Bitcoin Gold coin can now be bought for about $1.61 or 0.00002426 BTC on popular exchanges. During the last week, Bitcoin Gold has traded 196.3% higher against the US dollar.

Here is how other cryptocurrencies have performed during the last 24 hours:

• Zcash (ZEC) traded 4.1% higher against the dollar and now trades at $243.16 or 0.00367033 BTC.
• Horizen (ZEN) traded 4.5% higher against the dollar and now trades at $5.54 or 0.00008360 BTC.
• Pirate Chain (ARRR) traded 9.2% higher against the dollar and now trades at $0.26 or 0.00000391 BTC.
• Komodo (KMD) traded 11.4% lower against the dollar and now trades at $0.0180 or 0.00000027 BTC.
• ZClassic (ZCL) traded up 16.5% against the dollar and now trades at $0.20 or 0.00000302 BTC.

Bitcoin Gold Profile

Bitcoin Gold is a proof-of-work (PoW) coin that uses the Equihash hashing algorithm. Its genesis 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. 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. The official website for Bitcoin Gold 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 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 Changelly, GDAX or Coinbase. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Bitcoin Gold using one of the exchanges listed above.

BTG/USD price chart by TradingView