Bitcoin Gold (BTG) Achieves Market Capitalization of $8.34 Million

Bitcoin Gold (BTG) traded 1.8% higher against the US dollar during the 1-day period ending at 11:00 AM E.T. on September 17th. Bitcoin Gold has a total market cap of $8.34 million and approximately $0.95 worth of Bitcoin Gold was traded on exchanges in the last 24 hours. One Bitcoin Gold coin can now be purchased for about $0.48 or 0.00000625 BTC on cryptocurrency exchanges. During the last seven days, Bitcoin Gold has traded down 1.2% against the US dollar.

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

• Zcash (ZEC) traded up 14.5% against the dollar and now trades at $1,424.21 or 0.01868372 BTC.
• Horizen (ZEN) traded up 10.1% against the dollar and now trades at $7.06 or 0.00009260 BTC.
• Pirate Chain (ARRR) traded 36.1% higher against the dollar and now trades at $0.32 or 0.00000415 BTC.
• ZClassic (ZCL) traded up 59.7% against the dollar and now trades at $1.35 or 0.00001775 BTC.
• Komodo (KMD) traded up 341.6% against the dollar and now trades at $0.0182 or 0.00000024 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. Bitcoin Gold’s official Twitter account is @bitcoingold and its Facebook page is accessible here. Bitcoin Gold’s official website 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.

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.”

Bitcoin Gold Coin Trading

It is usually not presently possible to purchase alternative cryptocurrencies such as Bitcoin Gold directly using US dollars. Investors seeking to trade Bitcoin Gold should first purchase Bitcoin or Ethereum using an exchange that deals in US dollars such as Changelly, Gemini 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