Bitcoin Gold (BTG) Price Hits $0.52 on Exchanges

by · The Markets Daily

Bitcoin Gold (BTG) traded down 23.5% against the US dollar during the 1-day period ending at 9:00 AM Eastern on December 23rd. During the last seven days, Bitcoin Gold has traded 22.2% higher against the US dollar. Bitcoin Gold has a market capitalization of $9.14 million and approximately $6.87 thousand worth of Bitcoin Gold was traded on exchanges in the last day. One Bitcoin Gold coin can currently be bought for $0.52 or 0.00000596 BTC on major exchanges.

Here’s how other cryptocurrencies have performed during the last day:

  • Zcash (ZEC) traded down 7.9% against the dollar and now trades at $415.42 or 0.00474764 BTC.
  • Horizen (ZEN) traded down 2.8% against the dollar and now trades at $7.67 or 0.00008768 BTC.
  • Pirate Chain (ARRR) traded down 14.3% against the dollar and now trades at $0.28 or 0.00000316 BTC.
  • Komodo (KMD) traded up 2.5% against the dollar and now trades at $0.0387 or 0.00000044 BTC.
  • ZClassic (ZCL) traded up 16.7% against the dollar and now trades at $0.28 or 0.00000320 BTC.

Bitcoin Gold Profile

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 website is btgofficial.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. Bitcoin Gold’s official Twitter account is @bitcoingold and its Facebook page is accessible 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 presently possible to buy alternative cryptocurrencies such as Bitcoin Gold directly using US dollars. Investors seeking to trade Bitcoin Gold should first buy Ethereum or Bitcoin using an exchange that deals in US dollars such as Coinbase, Changelly or GDAX. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Bitcoin Gold using one of the exchanges listed above.

BTG/USD price chart by TradingView