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BTG broke the top 100 after rising 15%

 


Bitcoin Gold's price is up 25% over the past year, outperforming more than two-thirds of the top 100 crypto assets in that time. 16 of the last 30 days have been green and total gains are 33% over the last 7 days.


What is BTG?

Bitcoin Gold (BTG) is a hard fork of Bitcoin. It was created because developers wanted to decentralize Bitcoin mining since it required ASIC hardware.


They wanted to make mining more affordable by making it possible through the use of GPUs (graphics processing units).


The goal was to go back to the days when mining rewards went to the people who did the actual mining. Today, the majority of rewards go to large crypto mining companies that own expensive mining equipment.


BTG is an L2 network running on the main Bitcoin blockchain. It uses the high-speed Lightning network that can process countless payments per second.


The Bitcoin blockchain secures smart contracts. Developers aim for BTG to be as easy to use as Bitcoin, but with more room for innovation and upgrades. Ultimately, BTG aims to be 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 an investment if your timing is right. Unfortunately, this is often impossible to know in advance. Any investment decision should take into account your risk tolerance. Don't take price predictions at face value.


BTG Price Prediction

Most analysts have positive price expectations. According to Trading Beasts, the price will surpass $57 in two years. The price of BTG can go as high as $71.5, but the lowest possible price is $49. Their short-term forecast is $57 by the end of the year.


According to analyst Crypto Ground, Bitcoin Gold will trade at $354 in five years.

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