Bitcoin Gold Price Hits $35.07 on Top Exchanges (BTG)

Bitcoin Gold (BTG) traded down 4.1% against the US dollar during the 1-day period ending at 21:00 PM E.T. on May 7th. One Bitcoin Gold coin can now be purchased for approximately $35.07 or 0.00056002 BTC on popular exchanges. Bitcoin Gold has a total market capitalization of $614.29 million and $20.73 million worth of Bitcoin Gold was traded on exchanges in the last day. During the last week, Bitcoin Gold has traded 23.2% higher against the US dollar.

Here is how related cryptocurrencies have performed during the last day:

• Zcash (ZEC) traded down 2.7% against the dollar and now trades at $22.54 or 0.00035994 BTC.
• Horizen (ZEN) traded down 2.5% against the dollar and now trades at $8.76 or 0.00013984 BTC.
• Pirate Chain (ARRR) traded up 14% against the dollar and now trades at $0.37 or 0.00000586 BTC.
• Komodo (KMD) traded down 2.7% against the dollar and now trades at $0.37 or 0.00000593 BTC.
• Bitcoin Private (BTCP) traded flat against the dollar and now trades at $0.19 or 0.00000700 BTC.
• ZClassic (ZCL) traded down 1.7% against the dollar and now trades at $0.0560 or 0.00000089 BTC.

Bitcoin Gold Profile

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

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 US dollars. Investors seeking to acquire Bitcoin Gold should first purchase Bitcoin or Ethereum using an exchange that deals in US dollars such as Changelly, GDAX or Coinbase. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Bitcoin Gold using one of the aforementioned exchanges.

BTG/USD price chart by TradingView