Bitcoin Gold 24-Hour Volume Hits $16.59 Million (BTG)

Bitcoin Gold (BTG) traded 5.7% lower against the dollar during the one day period ending at 11:00 AM Eastern on April 7th. One Bitcoin Gold coin can currently be bought for $0.94 or 0.00001193 BTC on major cryptocurrency exchanges. In the last seven days, Bitcoin Gold has traded up 667.4% against the dollar. Bitcoin Gold has a market cap of $16.51 million and approximately $16.59 million worth of Bitcoin Gold was traded on exchanges in the last 24 hours.

Here is how related cryptocurrencies have performed in the last 24 hours:

• Zcash (ZEC) traded 19.3% lower against the dollar and now trades at $30.66 or 0.00038816 BTC.
• Horizen (ZEN) traded down 3.6% against the dollar and now trades at $7.48 or 0.00009464 BTC.
• Pirate Chain (ARRR) traded down 3.2% against the dollar and now trades at $0.10 or 0.00000130 BTC.
• Komodo (KMD) traded 5% lower against the dollar and now trades at $0.12 or 0.00000151 BTC.
• ZClassic (ZCL) traded down 4.3% against the dollar and now trades at $0.0679 or 0.00000086 BTC.

About Bitcoin Gold

BTG is a proof-of-work (PoW) coin that uses the Equihash hashing algorithm. Its launch date was October 25th, 2017. Bitcoin Gold’s total supply is 17,513,924 coins. Bitcoin Gold’s official website is btgofficial.org. 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. 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.”

Buying and Selling Bitcoin Gold

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

BTG/USD price chart by TradingView