Bitcoin Gold Trading 17.5% Lower Over Last 7 Days (BTG)

Bitcoin Gold (BTG) traded down 1.3% against the US dollar during the 1 day period ending at 10:00 AM ET on January 13th. One Bitcoin Gold coin can now be purchased for about $12.20 or 0.00013208 BTC on major exchanges. Bitcoin Gold has a total market capitalization of $213.72 million and approximately $8.43 million worth of Bitcoin Gold was traded on exchanges in the last day. Over the last seven days, Bitcoin Gold has traded down 17.5% against the US dollar.

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

• Zcash (ZEC) traded down 1.6% against the dollar and now trades at $47.77 or 0.00051703 BTC.
• Horizen (ZEN) traded 13.6% lower against the dollar and now trades at $20.17 or 0.00021830 BTC.
• Komodo (KMD) traded down 8% against the dollar and now trades at $0.28 or 0.00000298 BTC.
• Pirate Chain (ARRR) traded down 4.1% against the dollar and now trades at $0.19 or 0.00000201 BTC.
• ZClassic (ZCL) traded 2.8% lower against the dollar and now trades at $0.0397 or 0.00000043 BTC.

Bitcoin Gold Profile

BTG is a proof-of-work (PoW) coin that uses the Equihash hashing algorithm. It launched on October 25th, 2017. Bitcoin Gold’s total supply is 17,513,924 coins. The official website for Bitcoin Gold is bitcoingold.org. Bitcoin Gold’s official message board 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. 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 currently 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 Changelly, Gemini or Coinbase. 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