Bitcoin Gold Price Reaches $0.44 on Exchanges (BTG)

Bitcoin Gold (BTG) traded down 3.5% against the U.S. dollar during the 1 day period ending at 8:00 AM E.T. on December 15th. Bitcoin Gold has a total market cap of $7.74 million and approximately $1.74 thousand worth of Bitcoin Gold was traded on exchanges in the last 24 hours. One Bitcoin Gold coin can now be bought for about $0.44 or 0.00000495 BTC on major exchanges. In the last week, Bitcoin Gold has traded down 13.7% against the U.S. dollar.

Here is how related cryptocurrencies have performed in the last 24 hours:

• Zcash (ZEC) traded 2.8% lower against the dollar and now trades at $406.58 or 0.00455189 BTC.
• Horizen (ZEN) traded down 4.5% against the dollar and now trades at $8.26 or 0.00009251 BTC.
• Pirate Chain (ARRR) traded down 9.2% against the dollar and now trades at $0.28 or 0.00000315 BTC.
• Komodo (KMD) traded down 0.8% against the dollar and now trades at $0.0419 or 0.00000047 BTC.
• ZClassic (ZCL) traded 7.9% lower against the dollar and now trades at $0.35 or 0.00000392 BTC.

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

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.”

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

BTG/USD price chart by TradingView