Bitcoin Gold Price Down 2.4% This Week (BTG)

Bitcoin Gold (BTG) traded 0.1% higher against the US dollar during the 24 hour period ending at 11:00 AM E.T. on August 16th. In the last seven days, Bitcoin Gold has traded down 2.4% against the US dollar. One Bitcoin Gold coin can currently be purchased for approximately $0.39 or 0.00000623 BTC on major exchanges. Bitcoin Gold has a market cap of $6.88 million and approximately $0.61 worth of Bitcoin Gold was traded on exchanges in the last 24 hours.

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

• Zcash (ZEC) traded 1% higher against the dollar and now trades at $493.58 or 0.00782846 BTC.
• Horizen (ZEN) traded 0.2% higher against the dollar and now trades at $4.01 or 0.00006361 BTC.
• Pirate Chain (ARRR) traded down 6.2% against the dollar and now trades at $0.20 or 0.00000315 BTC.
• ZClassic (ZCL) traded 18.9% lower against the dollar and now trades at $0.18 or 0.00000283 BTC.
• Komodo (KMD) traded 2.8% lower against the dollar and now trades at $0.0057 or 0.00000009 BTC.

About Bitcoin Gold

Bitcoin Gold 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 Twitter account is @bitcoingold and its Facebook page is accessible here. The official website for Bitcoin Gold is btgofficial.org. 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.

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. Telegram, Discord, Facebook, Youtube, Reddit, Medium”

Buying and Selling Bitcoin Gold

It is usually not 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