Bitcoin Gold (BTG) Hits 24-Hour Trading Volume of $4.90 Million

Bitcoin Gold (BTG) traded 1.7% higher against the US dollar during the 1 day period ending at 17:00 PM Eastern on May 2nd. In the last week, Bitcoin Gold has traded down 15.5% against the US dollar. One Bitcoin Gold coin can now be bought for about $29.49 or 0.00050106 BTC on cryptocurrency exchanges. Bitcoin Gold has a market cap of $516.52 million and approximately $4.90 million worth of Bitcoin Gold was traded on exchanges in the last 24 hours.

Here’s how similar cryptocurrencies have performed in the last 24 hours:

• Zcash (ZEC) traded 5.1% higher against the dollar and now trades at $22.73 or 0.00038625 BTC.
• Horizen (ZEN) traded up 4.5% against the dollar and now trades at $8.66 or 0.00014710 BTC.
• Pirate Chain (ARRR) traded 3.6% lower against the dollar and now trades at $0.32 or 0.00000544 BTC.
• Komodo (KMD) traded up 6.6% against the dollar and now trades at $0.40 or 0.00000687 BTC.
• Bitcoin Private (BTCP) traded flat against the dollar and now trades at $0.19 or 0.00000700 BTC.
• ZClassic (ZCL) traded up 2.7% against the dollar and now trades at $0.0528 or 0.00000090 BTC.

About Bitcoin Gold

Bitcoin Gold (BTG) is a proof-of-work (PoW) coin that uses the Equihash hashing algorithm. It was first traded on October 25th, 2017. Bitcoin Gold’s total supply is 17,513,924 coins. Bitcoin Gold’s official website 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, “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.”

Bitcoin Gold Coin Trading

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

BTG/USD price chart by TradingView