Bitcoin Gold Price Down 2.5% Over Last 7 Days (BTG)

Bitcoin Gold (BTG) traded 0.7% lower against the U.S. dollar during the 24 hour period ending at 20:00 PM E.T. on October 22nd. One Bitcoin Gold coin can now be bought for $22.81 or 0.00033820 BTC on major cryptocurrency exchanges. Bitcoin Gold has a market cap of $399.50 million and approximately $2.14 million worth of Bitcoin Gold was traded on exchanges in the last 24 hours. Over the last seven days, Bitcoin Gold has traded down 2.5% against the U.S. dollar.

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

• Zcash (ZEC) traded 2% higher against the dollar and now trades at $38.12 or 0.00056519 BTC.
• Horizen (ZEN) traded 1% lower against the dollar and now trades at $7.93 or 0.00011751 BTC.
• Komodo (KMD) traded 0.1% higher against the dollar and now trades at $0.26 or 0.00000385 BTC.
• Pirate Chain (ARRR) traded 2.5% lower against the dollar and now trades at $0.17 or 0.00000255 BTC.
• ZClassic (ZCL) traded 6.2% higher against the dollar and now trades at $0.0573 or 0.00000085 BTC.

Bitcoin Gold Profile

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

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 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 Coinbase, Gemini or GDAX. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Bitcoin Gold using one of the exchanges listed above.

BTG/USD price chart by TradingView