Bitcoin Gold (BTG) Market Cap Reaches $6.10 Million

Bitcoin Gold (BTG) traded 0% lower against the dollar during the 1-day period ending at 9:00 AM ET on June 1st. Bitcoin Gold has a market capitalization of $6.10 million and approximately $16.11 thousand worth of Bitcoin Gold was traded on exchanges in the last 24 hours. One Bitcoin Gold coin can now be purchased for approximately $0.35 or 0.00000485 BTC on major exchanges. In the last seven days, Bitcoin Gold has traded 16% lower against the dollar.

Here is how related cryptocurrencies have performed in the last 24 hours:

• Zcash (ZEC) traded 2.1% lower against the dollar and now trades at $540.51 or 0.00752896 BTC.
• Horizen (ZEN) traded 3.5% lower against the dollar and now trades at $5.73 or 0.00007978 BTC.
• Pirate Chain (ARRR) traded up 32% against the dollar and now trades at $0.44 or 0.00000609 BTC.
• ZClassic (ZCL) traded 35.6% higher against the dollar and now trades at $0.17 or 0.00000243 BTC.
• Komodo (KMD) traded 71% lower against the dollar and now trades at $0.0110 or 0.00000015 BTC.

About Bitcoin Gold

Bitcoin Gold (CRYPTO: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 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. 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 currently 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 Gemini, Coinbase or GDAX. 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