Bitcoin Gold (BTG) Trading 39.6% Lower Over Last Week

Bitcoin Gold (BTG) traded down 4.4% against the dollar during the 24-hour period ending at 10:00 AM E.T. on December 16th. One Bitcoin Gold coin can currently be bought for approximately $21.55 or 0.00020368 BTC on popular cryptocurrency exchanges. During the last seven days, Bitcoin Gold has traded down 39.6% against the dollar. Bitcoin Gold has a total market cap of $377.38 million and $36.99 million worth of Bitcoin Gold was traded on exchanges in the last 24 hours.

Here is how other cryptocurrencies have performed during the last 24 hours:

• Zcash (ZEC) traded 3.5% lower against the dollar and now trades at $57.19 or 0.00054059 BTC.
• Horizen (ZEN) traded 4.5% lower against the dollar and now trades at $14.57 or 0.00013775 BTC.
• Pirate Chain (ARRR) traded up 3.9% against the dollar and now trades at $0.27 or 0.00000253 BTC.
• Komodo (KMD) traded 6.1% lower against the dollar and now trades at $0.35 or 0.00000334 BTC.
• ZClassic (ZCL) traded 2.5% higher against the dollar and now trades at $0.0421 or 0.00000040 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 website is 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 message board is forum.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 buy alternative cryptocurrencies such as Bitcoin Gold directly using US dollars. Investors seeking to trade Bitcoin Gold should first buy Bitcoin or Ethereum using an exchange that deals in US dollars such as GDAX, Changelly 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