Bitcoin Gold (BTG) Reaches Market Cap of $5.13 Million

Bitcoin Gold (BTG) traded 31% higher against the dollar during the twenty-four hour period ending at 9:00 AM E.T. on June 13th. During the last seven days, Bitcoin Gold has traded 24.5% higher against the dollar. Bitcoin Gold has a market cap of $5.13 million and approximately $7.87 thousand worth of Bitcoin Gold was traded on exchanges in the last day. One Bitcoin Gold coin can now be purchased for $0.29 or 0.00000457 BTC on popular exchanges.

Here is how other cryptocurrencies have performed during the last day:

• Zcash (ZEC) traded 4.1% lower against the dollar and now trades at $416.64 or 0.00649877 BTC.
• Horizen (ZEN) traded up 0.7% against the dollar and now trades at $4.37 or 0.00006821 BTC.
• Pirate Chain (ARRR) traded 6.6% lower against the dollar and now trades at $0.26 or 0.00000409 BTC.
• Komodo (KMD) traded 5.2% lower against the dollar and now trades at $0.0678 or 0.00000106 BTC.
• ZClassic (ZCL) traded 6.5% lower against the dollar and now trades at $0.17 or 0.00000268 BTC.

Bitcoin Gold Coin Profile

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. The official website for Bitcoin Gold is btgofficial.org. Bitcoin Gold’s official Twitter account is @bitcoingold and its Facebook page is accessible here. The official message board for Bitcoin Gold is forum.bitcoingold.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. Telegram, Discord, Facebook, Youtube, Reddit, Medium”

Buying and Selling Bitcoin Gold

It is usually not currently possible to buy alternative cryptocurrencies such as Bitcoin Gold directly using US dollars. Investors seeking to acquire Bitcoin Gold should first buy Ethereum or Bitcoin using an exchange that deals in US dollars such as Gemini, Changelly or GDAX. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Bitcoin Gold using one of the exchanges listed above.

BTG/USD price chart by TradingView