Bitcoin Gold Price Down 28% Over Last Week (BTG)

Bitcoin Gold (BTG) traded down 4.6% against the US dollar during the one day period ending at 11:00 AM Eastern on April 15th. One Bitcoin Gold coin can currently be purchased for $0.65 or 0.00000765 BTC on popular cryptocurrency exchanges. Bitcoin Gold has a total market cap of $11.38 million and approximately $19,191.21 worth of Bitcoin Gold was traded on exchanges in the last day. Over the last seven days, Bitcoin Gold has traded 28% lower against the US dollar.

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

• Zcash (ZEC) traded down 1.2% against the dollar and now trades at $31.17 or 0.00036693 BTC.
• Horizen (ZEN) traded 0% higher against the dollar and now trades at $8.25 or 0.00009707 BTC.
• Pirate Chain (ARRR) traded up 1.1% against the dollar and now trades at $0.11 or 0.00000130 BTC.
• Komodo (KMD) traded down 0.7% against the dollar and now trades at $0.12 or 0.00000142 BTC.
• ZClassic (ZCL) traded up 0.4% against the dollar and now trades at $0.0732 or 0.00000086 BTC.

Bitcoin Gold Profile

Bitcoin Gold (CRYPTO:BTG) is a proof-of-work (PoW) coin that uses the Equihash hashing algorithm. Its genesis date was 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. The official website for Bitcoin Gold is btgofficial.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.”

Buying and Selling Bitcoin Gold

It is usually not presently possible to buy alternative cryptocurrencies such as Bitcoin Gold directly using US dollars. Investors seeking to acquire 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