Bitcoin Gold (BTG) Reaches 24 Hour Volume of $1.58 Million

Bitcoin Gold (BTG) traded 2.8% lower against the US dollar during the one day period ending at 9:00 AM ET on September 7th. During the last week, Bitcoin Gold has traded 6.5% lower against the US dollar. Bitcoin Gold has a total market cap of $361.25 million and $1.58 million worth of Bitcoin Gold was traded on exchanges in the last 24 hours. One Bitcoin Gold coin can now be bought for $20.63 or 0.00037784 BTC on exchanges.

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

• Zcash (ZEC) traded 2.6% higher against the dollar and now trades at $28.13 or 0.00051534 BTC.
• Horizen (ZEN) traded up 1.7% against the dollar and now trades at $8.00 or 0.00014656 BTC.
• Pirate Chain (ARRR) traded down 4.1% against the dollar and now trades at $0.17 or 0.00000312 BTC.
• Komodo (KMD) traded 2.4% lower against the dollar and now trades at $0.23 or 0.00000422 BTC.
• ZClassic (ZCL) traded 4.4% lower against the dollar and now trades at $0.0456 or 0.00000083 BTC.

Bitcoin Gold 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. Bitcoin Gold’s official website is bitcoingold.org. The official message board for Bitcoin Gold is forum.bitcoingold.org. 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 Twitter account is @bitcoingold and its Facebook page is accessible 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.”

Buying and Selling Bitcoin Gold

It is usually not presently possible to buy alternative cryptocurrencies such as Bitcoin Gold directly using U.S. dollars. Investors seeking to trade Bitcoin Gold should first buy Bitcoin or Ethereum using an exchange that deals in U.S. 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 aforementioned exchanges.

BTG/USD price chart by TradingView