Bitcoin Gold (BTG): Price, Charts and Market Cap

Head of the Hong Kong mining firm LightningASIC Jack Liao is  the founding father of Bitcoin Gold project. The cryptocurrency appeared as a result of hard fork on block 491,407 on October 24th 2017. The key feature of the new crypto currency is its ability to be mined on video cards. The system implements the Equihash algorithm, which reduces the efficiency of mining on specialized devices like ASIC equipment, which makes Bitcoin Gold more attractive to a larger pool of miners.

The price of Bitcoin Gold (BTG) has skyrocketed after it was added to Bittrex exchange on November 20th, 2017 - the price of the crypto currency went from $ 120 to $360, with a subsequent correction to $ 280. However, November was not only good news for Bitcoin Gold.  In the same month users of the only BTG purse Mybtgwallet at that time lost more than $ 2.5 million and accused the project team of fraud. At the start of 2018 experts consider Bitcoin Gold price to be fair and predict that further movements will largely depend on BTC and the whole state of crypto market. On the whole, the word "bitcoin" and family ties with the original cryptocurrency plays into the hands of investors. The wave of attention to BTC indirectly affects the fork. The price of Bitcoin Gold increases, although slower then with its "elder brother".