Bitcoin Gold Price Reaches $0.58 on Major Exchanges (BTG)

Bitcoin Gold (BTG) traded down 7.3% against the US dollar during the 24 hour period ending at 9:00 AM ET on January 24th. One Bitcoin Gold coin can now be bought for about $0.58 or 0.00000652 BTC on popular exchanges. Bitcoin Gold has a market capitalization of $10.21 million and $1.88 thousand worth of Bitcoin Gold was traded on exchanges in the last day. During the last seven days, Bitcoin Gold has traded down 76.1% against the US dollar.

Here is how other cryptocurrencies have performed during the last day:

• Zcash (ZEC) traded up 2.2% against the dollar and now trades at $370.89 or 0.00414925 BTC.
• Horizen (ZEN) traded 3.2% lower against the dollar and now trades at $9.88 or 0.00011057 BTC.
• Pirate Chain (ARRR) traded 2% lower against the dollar and now trades at $0.42 or 0.00000471 BTC.
• Komodo (KMD) traded 39.4% higher against the dollar and now trades at $0.0353 or 0.00000039 BTC.
• ZClassic (ZCL) traded down 14.7% against the dollar and now trades at $0.25 or 0.00000280 BTC.

Bitcoin Gold Profile

Bitcoin Gold (CRYPTO: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 website for Bitcoin Gold is btgofficial.org. Bitcoin Gold’s official Twitter account is @bitcoingold and its Facebook page is accessible here. 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.

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

BTG/USD price chart by TradingView