Bitcoin Gold Market Cap Reaches $604.77 Million (BTG)

Bitcoin Gold (BTG) traded down 1.8% against the US dollar during the 1 day period ending at 11:00 AM Eastern on May 29th. Bitcoin Gold has a total market cap of $604.77 million and $6.95 million worth of Bitcoin Gold was traded on exchanges in the last day. One Bitcoin Gold coin can now be bought for about $34.53 or 0.00051071 BTC on popular exchanges. During the last week, Bitcoin Gold has traded down 6.8% against the US dollar.

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

  • Zcash (ZEC) traded 1.8% higher against the dollar and now trades at $27.00 or 0.00039931 BTC.
  • Horizen (ZEN) traded 2.9% higher against the dollar and now trades at $9.86 or 0.00014577 BTC.
  • Komodo (KMD) traded 3.3% higher against the dollar and now trades at $0.41 or 0.00000600 BTC.
  • Pirate Chain (ARRR) traded down 9.3% against the dollar and now trades at $0.23 or 0.00000333 BTC.
  • Bitcoin Private (BTCP) traded flat against the dollar and now trades at $0.19 or 0.00000700 BTC.
  • ZClassic (ZCL) traded up 3.6% against the dollar and now trades at $0.0615 or 0.00000091 BTC.

About Bitcoin Gold

Bitcoin Gold (BTG) 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 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. Bitcoin Gold’s official message board 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.”

Bitcoin Gold Coin Trading

It is usually not presently possible to buy alternative cryptocurrencies such as Bitcoin Gold directly using U.S. dollars. Investors seeking to acquire Bitcoin Gold should first buy Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Gemini, Changelly or Coinbase. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Bitcoin Gold using one of the aforementioned exchanges.

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