Bitcoin Gold (BTG) Price Hits $23.97 on Exchanges

Bitcoin Gold (BTG) traded 3.1% higher against the U.S. dollar during the 24-hour period ending at 18:00 PM E.T. on October 29th. One Bitcoin Gold coin can currently be bought for approximately $23.97 or 0.00033190 BTC on popular cryptocurrency exchanges. In the last week, Bitcoin Gold has traded up 5.3% against the U.S. dollar. Bitcoin Gold has a total market capitalization of $419.79 million and $10.34 million worth of Bitcoin Gold was traded on exchanges in the last 24 hours.

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

• Zcash (ZEC) traded 0.4% lower against the dollar and now trades at $38.58 or 0.00053421 BTC.
• Horizen (ZEN) traded 0.6% higher against the dollar and now trades at $7.78 or 0.00010774 BTC.
• Pirate Chain (ARRR) traded up 2.4% against the dollar and now trades at $0.18 or 0.00000253 BTC.
• Komodo (KMD) traded 4% higher against the dollar and now trades at $0.25 or 0.00000346 BTC.
• ZClassic (ZCL) traded up 3.4% against the dollar and now trades at $0.0506 or 0.00000070 BTC.

Bitcoin Gold Profile

BTG is a proof-of-work (PoW) coin that uses the Equihash hashing algorithm. It was first traded on October 25th, 2017. Bitcoin Gold’s total supply is 17,513,924 coins. Bitcoin Gold’s official message board 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. Bitcoin Gold’s official website is bitcoingold.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.”

Bitcoin Gold Coin Trading

It is usually not currently possible to purchase alternative cryptocurrencies such as Bitcoin Gold directly using U.S. dollars. Investors seeking to acquire Bitcoin Gold should first purchase Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Gemini, GDAX or Coinbase. 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