Bitcoin Gold (BTG) Reaches Market Capitalization of $72.51 Million

Bitcoin Gold (BTG) traded 1.3% lower against the dollar during the one day period ending at 10:00 AM E.T. on February 26th. One Bitcoin Gold coin can currently be purchased for $4.14 or 0.00004736 BTC on major cryptocurrency exchanges. Over the last week, Bitcoin Gold has traded down 13.1% against the dollar. Bitcoin Gold has a total market cap of $72.51 million and approximately $14.01 million worth of Bitcoin Gold was traded on exchanges in the last day.

Here’s how similar cryptocurrencies have performed over the last day:

• Zcash (ZEC) traded 12.4% higher against the dollar and now trades at $35.23 or 0.00040292 BTC.
• Horizen (ZEN) traded up 12.9% against the dollar and now trades at $12.84 or 0.00014681 BTC.
• Pirate Chain (ARRR) traded 2.1% lower against the dollar and now trades at $0.16 or 0.00000186 BTC.
• Komodo (KMD) traded up 4.1% against the dollar and now trades at $0.18 or 0.00000203 BTC.
• ZClassic (ZCL) traded up 0.1% against the dollar and now trades at $0.0751 or 0.00000086 BTC.

About Bitcoin Gold

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 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. The official message board for Bitcoin Gold 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 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 Changelly, Coinbase 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