Bitcoin Gold (BTG) Hits Market Capitalization of $580.64 Million

Bitcoin Gold (BTG) traded up 15.7% against the US dollar during the 24-hour period ending at 12:00 PM ET on March 2nd. One Bitcoin Gold coin can currently be purchased for $33.15 or 0.00053661 BTC on exchanges. During the last week, Bitcoin Gold has traded 35.3% higher against the US dollar. Bitcoin Gold has a market capitalization of $580.64 million and $159.01 million worth of Bitcoin Gold was traded on exchanges in the last 24 hours.

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

  • Zcash (ZEC) traded up 9.2% against the dollar and now trades at $31.37 or 0.00050779 BTC.
  • Horizen (ZEN) traded 4.3% higher against the dollar and now trades at $12.01 or 0.00019445 BTC.
  • Komodo (KMD) traded 4% higher against the dollar and now trades at $0.36 or 0.00000575 BTC.
  • Pirate Chain (ARRR) traded down 5.1% against the dollar and now trades at $0.18 or 0.00000287 BTC.
  • Bitcoin Private (BTCP) traded flat against the dollar and now trades at $0.19 or 0.00000700 BTC.
  • ZClassic (ZCL) traded 19.1% lower against the dollar and now trades at $0.0515 or 0.00000083 BTC.

Bitcoin Gold Profile

Bitcoin Gold (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. 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. The official website for Bitcoin Gold is 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.”

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 Gemini, Coinbase or Changelly. 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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