Bitcoin Gold Market Cap Hits $655.32 Million (BTG)

Bitcoin Gold (BTG) traded 5.9% higher against the US dollar during the 1-day period ending at 19:00 PM E.T. on May 18th. Bitcoin Gold has a total market capitalization of $655.32 million and $33.96 million worth of Bitcoin Gold was traded on exchanges in the last 24 hours. One Bitcoin Gold coin can currently be purchased for $37.42 or 0.00055897 BTC on major exchanges. During the last seven days, Bitcoin Gold has traded 9.8% higher against the US dollar.

Here’s how related cryptocurrencies have performed during the last 24 hours:

  • Zcash (ZEC) traded down 0.3% against the dollar and now trades at $23.54 or 0.00035166 BTC.
  • Horizen (ZEN) traded up 0.9% against the dollar and now trades at $8.76 or 0.00013084 BTC.
  • Pirate Chain (ARRR) traded up 3.9% against the dollar and now trades at $0.30 or 0.00000450 BTC.
  • Komodo (KMD) traded down 2.1% against the dollar and now trades at $0.40 or 0.00000603 BTC.
  • Bitcoin Private (BTCP) traded flat against the dollar and now trades at $0.19 or 0.00000700 BTC.
  • ZClassic (ZCL) traded up 1.2% against the dollar and now trades at $0.0603 or 0.00000090 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. The official website for Bitcoin Gold 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 message board 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.”

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 trade Bitcoin Gold should first purchase Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as GDAX, Gemini or Coinbase. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Bitcoin Gold using one of the exchanges listed above.

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