Bitcoin Gold 24 Hour Volume Reaches $5.59 Million (BTG)

Bitcoin Gold (BTG) traded up 2% against the U.S. dollar during the 24-hour period ending at 11:00 AM Eastern on March 6th. One Bitcoin Gold coin can now be purchased for $3.51 or 0.00003861 BTC on popular exchanges. Bitcoin Gold has a market cap of $61.41 million and $5.59 million worth of Bitcoin Gold was traded on exchanges in the last 24 hours. During the last seven days, Bitcoin Gold has traded down 12.3% against the U.S. dollar.

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

• Zcash (ZEC) traded down 1.8% against the dollar and now trades at $35.38 or 0.00038960 BTC.
• Horizen (ZEN) traded 2.5% higher against the dollar and now trades at $11.41 or 0.00012571 BTC.
• Pirate Chain (ARRR) traded up 4.6% against the dollar and now trades at $0.16 or 0.00000177 BTC.
• Komodo (KMD) traded 3.5% higher against the dollar and now trades at $0.18 or 0.00000196 BTC.
• ZClassic (ZCL) traded 3% higher against the dollar and now trades at $0.0782 or 0.00000086 BTC.

Bitcoin Gold Profile

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. 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. The Reddit community for Bitcoin Gold is https://reddit.com/r/bitcoingoldhq and the currency’s Github account can be viewed here. The official website for Bitcoin Gold is btgofficial.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.”

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 trade Bitcoin Gold should first purchase Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as GDAX, Changelly or Gemini. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Bitcoin Gold using one of the exchanges listed above.

BTG/USD price chart by TradingView