Bitcoin Gold (BTG) Price Tops $5.58

Bitcoin Gold (BTG) traded 4.9% lower against the U.S. dollar during the one day period ending at 10:00 AM ET on February 14th. Bitcoin Gold has a total market capitalization of $97.77 million and approximately $15.23 million worth of Bitcoin Gold was traded on exchanges in the last 24 hours. One Bitcoin Gold coin can currently be purchased for approximately $5.58 or 0.00005783 BTC on exchanges. In the last week, Bitcoin Gold has traded up 44.2% against the U.S. dollar.

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

• Zcash (ZEC) traded 1.4% higher against the dollar and now trades at $32.87 or 0.00034053 BTC.
• Horizen (ZEN) traded up 0.5% against the dollar and now trades at $14.70 or 0.00015227 BTC.
• Pirate Chain (ARRR) traded 39.1% higher against the dollar and now trades at $0.17 or 0.00000180 BTC.
• Komodo (KMD) traded 4.9% higher against the dollar and now trades at $0.21 or 0.00000220 BTC.
• ZClassic (ZCL) traded up 0.5% against the dollar and now trades at $0.0608 or 0.00000063 BTC.

Bitcoin Gold Profile

BTG is a proof-of-work (PoW) coin that uses the Equihash hashing algorithm. It launched 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 presently possible to buy alternative cryptocurrencies such as Bitcoin Gold directly using US dollars. Investors seeking to trade Bitcoin Gold should first buy Bitcoin or Ethereum using an exchange that deals in US dollars such as Gemini, Changelly 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