Bitcoin Gold (BTG) – The cryptocurrency market is somehow becoming crowded with hundreds of coins and tokens being launched and listed every month. Coinmarket.com has listed over 1,500 digital assets and the number keeps on increasing with every passing day. It is essential for the investor to pick the cryptocurrency that will bring the best returns, besides it should have a planned future and a vision. In addition to that digital assets need to have a utility which guarantees long-term usability and growth potential.
Bitcoin Gold has been catching the attention of investors lately with its steady performance. Bitcoin Gold market capitalization is also on the rise and is now ranked the 23rd cryptocurrency by market capitalization.
Consequently, the daily performance of Bitcoin Gold (BTG) price has been pointing towards a cryptocurrency that has a clear path of growth and perhaps deserves a keen look to determine its growth potential especially in the remaining part of 2018.
What is Bitcoin Gold (BTG)
It is the fork of Bitcoin (BTC) that was introduced in October 2017; however, it was launched officially in November 2017. The coin resembles Bitcoin in various aspects, for instance, it has a block size of 10 minutes just like Bitcoin besides, its market supply has been capped at 21 million coins. The developers behind Bitcoin Gold are committed to improving the original Bitcoin Core. Bitcoin Gold is however, different from Bitcoin in a way that it adopted a mining algorithm different from that of Bitcoin. For example, Bitcoin utilizes the SHA-256, but Bitcoin Gold (BTG) developers picked a new algorithm referred to as Equihash.
Why Bitcoin Gold (BTG) is catching the investors’ eye
Bitcoin Gold focuses on mining and making it accessible to investors. The digital asset is one of the easiest coins to mine in the crypto market. The developers have made it so simple that any person with a CPU or GPU can carry out mining. Essentially, mining is the greatest selling point for BTG. Besides, the process is decentralized using the P2Pool.
In addition to mining, Bitcoin Gold roadmap is set to spur more growth in the next years. The 2018-2019 roadmap is a clear indication that the crypto has a bright future and could achieve its all-time high of over $400 recorded in December 2017. Bitcoin Gold is aiming at increasing academic university collaboration and this took off in the first quarter of 2018 along with developing the open source libraries integration for BitcoinJS, BitcoinJ as well as CoPay. Similarly, the network has been rebranding and designing its website.
In the second quarter, Bitcoin Gold (BTG) is committed to the development and the launching of Payments systems integrations that will be powered by a debit card program to make it easy for the users to spend their funds. The BTGPay is set to connect merchants, services in addition to integrating build solutions which will then be made accessible to the consumers. Still, in the second quarter, the lightning network integration will be completed which should improve the decentralized mining mentioned above; P2Pool. More developments have been listed for later this year and the next year including the launching a scholarship program for research-based education.
Bitcoin Gold (BTG) Market Overview
BTG price is currently trading at $87 while it is up more than 29% in the last 24 hours. The crypto has been enjoying a steady growth from lows of $60 a few weeks ago. BTG/USD is testing the resistance level at $100 while the charts indicators are pointing towards a pending bullish flag pattern. With the kind of roadmap set out for BTG, $400 is within reach this year. However, no one really knows what the future of Bitcoin Gold (BTG) is, owing to the fact that the cryptocurrency market is a volatile one. All in all the old adage says that time and chance happen to all, therefore, let us watch and see.