Price Analysis

Bitcoin Gold (BTG) Price Analysis: Why There Is So Less Talk About Bitcoin Gold?

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The last update announced by BTG community is its update of Bitcoin Gold Core v0.17.1 version. Since then, there is no update regarding BTG. According to the crypto enthusiasts, BTG community is very inactive, and this can probably hamper its future prices. There is no noticeable price hike noticed in the BTG charts. The crypto enthusiasts are of the opinion that transparency with the community is important to retain hopes among the investors.

Current status:

  • Current price: 24.88 USD
  • Current market cap: 435,807,712 USD
  • Market rank: 26
  • Circulating supply: 17,513,924 BTG

Price analysis and future price predictions:

Bitcoin gold

eToro Crypto

The above chart shows that at present BTG is getting traded at 25.18 USD or 0.00319106 BTC (UTC time 08:24). Its current 24h volume is worth of 40,189,573 USD. The same chart shows that approx. one month earlier, BTG had a trading value of 16.18 USD. So, within this one month, the value of BTG has increased by 55.62% with 24.33 USD as a good support resistance.

On the basis of its inactivity and current price analysis, we assume that BTG can trade around $20 by the end of 2019.

Conclusion:

BTG is not a good option to consider long term investment since BTC will be highly fluctuating this year.

Scott Cook

Scott Cook got into crypto world since 2010. He has worked as a news writer for three years in some of the foremost publications. He recently joined our team as a crypto news writer. He regularly contributes latest happenings of crypto industry. In addition to that, he is very good at technical analysis.

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