The price of Bitcoin Gold has increased by 25% in the last year, in which time it outperformed more than two-thirds of the top 100 crypto assets. 16 of the last 30 days have been green, and its total gains are 33% in the last 7 days.
Look no further than this short article if you want to know what BTG is, if it’s worth investing in, and the best places to buy BTG now.
Top places to buy BTG now
KuCoin is a global cryptocurrency exchange for numerous digital assets and cryptocurrencies. Launched in September 2017, KuCoin has grown into one of the most popular crypto exchanges and already has over 5 million registered users from 200+ countries and regions. According to Alexa traffic ranking, KuCoin’s monthly unique visit ranks the top 5 globally.
What is BTG?
Bitcoin Gold (BTG) is a hard fork of Bitcoin. It was created because developers wanted to decentralize Bitcoin mining as it required ASIC hardware.
They wanted to make mining more affordable by enabling it to occur through the use of GPUs (graphics processing units).
The goal was to go back to the days when mining rewards used to go to the people doing the actual mining. Today, the bulk of rewards goes to large crypto mining companies, which own expensive mining equipment.
BTG is an L2 network running on the main Bitcoin blockchain. It uses the high-speed Lighting Network, which can process innumerable payments per second.
The Bitcoin blockchain secures smart contracts. Developers aim for BTG to be used as easily as Bitcoin, but with more room for innovation and upgrades. Ultimately, BTG should become more accessible to the masses.
Bitcoin Gold can be used for crypto trading, everyday e-commerce transactions, and more.
Should I buy BTG today?
Bitcoin Gold can definitely be worth investing in if your timing is right. Unfortunately, this is often impossible to know in advance. Any investment decision should take your risk tolerance into account. Don’t take any price predictions at face value.
BTG price prediction
Most analysts have positive price expectations. According to Trading Beasts, the price will pass $57 in two years. The price of BTG can go up to $71.5, but the lowest possible price is $49. Their shorter-term prediction is $57 by the end of the year.
According to the analyst Crypto Ground, Bitcoin Gold will trade for $354 in five years.
BTG on social media
🚓 #BTG and 4 Others, 🟢 4 🔴 1
— COINRBI (@coinrbicom) March 21, 2022