Bitcoin Gold Price Hits $0.54 on Exchanges (BTG)

Bitcoin Gold (BTG) traded up 18.4% against the dollar during the 24 hour period ending at 10:00 AM ET on April 3rd. Bitcoin Gold has a total market cap of $9.47 million and approximately $16.60 million worth of Bitcoin Gold was traded on exchanges in the last day. In the last week, Bitcoin Gold has traded 41.7% higher against the dollar. One Bitcoin Gold coin can now be purchased for $0.54 or 0.00000661 BTC on major exchanges.

Here is how similar cryptocurrencies have performed in the last day:

• Zcash (ZEC) traded 3.7% lower against the dollar and now trades at $38.06 or 0.00046517 BTC.
• Horizen (ZEN) traded down 7.8% against the dollar and now trades at $7.89 or 0.00009640 BTC.
• Pirate Chain (ARRR) traded down 6% against the dollar and now trades at $0.12 or 0.00000143 BTC.
• Komodo (KMD) traded 10.8% lower against the dollar and now trades at $0.13 or 0.00000156 BTC.
• ZClassic (ZCL) traded 4.1% lower against the dollar and now trades at $0.0706 or 0.00000086 BTC.

About Bitcoin Gold

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 Twitter account is @bitcoingold and its Facebook page is accessible here. Bitcoin Gold’s official website is btgofficial.org. The official message board for Bitcoin Gold is forum.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, “BTG is a cryptocurrency with Bitcoin fundamentals, mined on common GPUs instead of specialty ASICs. This type of equipment tends to monopolize mining to a few big players, but GPU mining means anyone can mine again – restoring decentralization and independence. GPU mining rewards go to individuals worldwide, instead of mostly to ASIC warehouse owners, recreating network effects that Bitcoin used to have.”

Buying and Selling Bitcoin Gold

It is usually not possible to purchase alternative cryptocurrencies such as Bitcoin Gold directly using U.S. dollars. Investors seeking to acquire Bitcoin Gold should first purchase Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Changelly, Coinbase or GDAX. 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