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Bitcoin Gold priceprediction Is Bitcoin Gold a good investment

Bitcoin Gold price prediction: Is Bitcoin Gold a good investment?

  • 21 October 2021
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Bitcoin Gold (BTG) was launched in 2017 to emerge as a user-friendly Bitcoin alternative. In this Bitcoin Gold price prediction, we’ll examine the price history of the digital asset, technical analysis, and BTG/USD predictions for the years ahead.

How did Bitcoin Gold come?

The introduction of Bitcoin (BTC) in January 2009 suggested that coin mining would be available to everyone and that this seemed to be the case for some time. However, with the steady rise in the value of Bitcoin, the attractiveness of its mining began to increase, and competition soon increased. The two products of this competition include Bitcoin Gold and Bitcoin Cash.

Bitcoin mining was more challenging, and it turned out that only custom equipment (ASICs) could extract the coin efficiently. Soon a power imbalance emerged, with major players gaining power over the cryptocurrency network, monopolizing the industry, and depriving participants who could not afford stronger, faster ASICs.

Due to the turn of events, cloud miners and developers on the Bitcoin network determined that a shift of power was necessary. That decision eventually resulted in Bitcoin Gold (BTG), as we know it today.

What is Bitcoin Gold (BTG)?

Bitcoin Gold (BTG) was founded by Hang Yin, Martin Kuvandzhiev, and Franco Niebles. It is an open-source digital currency with Bitcoin principles (BTC) that aims to reduce concerns about BTC scalability and decentralization of the crypto cloud mining sector.

BTG is a spin-off of the existing BTC Blockchain. The Bitcoin Gold blockchain is known as the Proof of Work (POW) algorithm known as Equihash or Zhash.

Bitcoin Gold has met some of its goals by providing complete anonymity and a significant improvement in processing time compared to Bitcoin. Bitcoin Gold (BTG) can be mined in ordinary GPUs rather than expensive and complex ASICs thanks to hard forks.

The coin’s development team kicked off with six members in 2017 and now boasts a mix of 20+ international members with varied skills and backgrounds. Also, the administration and development of the BTG blockchain are conferred on the board and members of the community.

Bitcoin Gold (BTG) acts as a digital asset independent of centralized monetary policy or restrictions by banks, federal reserves, or other financial institutions.

Since entering the cryptocurrency market, Bitcoin Gold has maintained its position as one of the 100 most authentic digital coins. At present, the total market capitalization of Bitcoin Gold is more than $ 1.06 billion and its 24-hour trading volume is more than $ 54 million. The cryptocurrency is ranked 84th.

For Bitcoin Gold trading, the basic requirements include a secure internet connection, a BTG wallet address, and a coin-backed trading platform. For miners, the requirements of a 64-bit Windows computer, wallet address, GPU, and Internet are reliable.

Bitcoin Gold finds the following uses:

  • Settlement for transactions – buy, sell, exchange, and so on.
  • Investment tools in cryptocurrencies
  • Independent payment activator-like other digital assets

The various uses of this digital asset in several operating systems have led to a steady increase in the value of Bitcoin Gold (BTG).

What is the difference between Bitcoin (BTC) and Bitcoin Gold (BTG)?

Like Bitcoin Cash (BCH), Bitcoin Gold is a spin-off of Bitcoin; hence, it utilizes the POW algorithm. While Bitcoin and Bitcoin Cash use the SHA-256 algorithm, Bitcoin Gold leverages the Equihash-BTG algorithm. Another element that differentiates these two coins is their mining mechanism. Bitcoin miners use specialty ASIC hardware, while Bitcoin Gold miners use GPU-based hardware.

What Makes Bitcoin Gold (BTG) Distinctive?

  • The payment process is faster because the transaction cost is kept low so that investors can trade using a credit card.
  • Low/minimum payment and no hidden or heavy costs
  • Not dependent on any payment from the bank or access to its network due to no need for third party approval
  • Replacement of physical goods
  • Easy to store and secure, offers maximum reliability without the hassle of carrying bulky bags
  • Power in the hands of the user and investors and eliminate the role of intermediary
  • Investor confidentiality and transaction are maintained with maximum discretion. Because no KYC has been disclosed and payments are not subject to traditional verification.
  • Accepting costs from any source or source
  • Ability to pay and transfer by pressing a button on the user’s mobile phones
  • The most important feature is that they are protected against fraud. Because they are stored in the public office. And all coin owners are encrypted to ensure the legitimacy of the registration of documents.

Bitcoin Gold price history and technical analysis

According to historical data, the price of Bitcoin Gold Coin (BTG) was initially valued at more than $ 500 and reached its highest level (ATH) of $ 539.72 on October 23, 2017. However, the price quickly fell below $ 200 in a short time but scored. The highest figure is $ 509 on November 11, 2017.

Bitcoin Gold spent the rest of 2017 returning $ 500. Price correction continued in the first few days of 2018, but the market eventually lost momentum around $ 158 at the end of January 2018.

In March 2018, the value of BTG fell below $ 100 and included a downward movement throughout 2019. On January 3, 2020, Bitcoin Gold fell to a new low of $ 5.02, hitting a high of $ 4.25.

The significant drop in prices between 2018 and 2020 can be attributed to repeated malware attacks on the coin ecosystem.

At the start of the year 2021, the price of Bitcoin Gold (BTG) hovered around the $8 mark. In the middle of February, the dynamics were in favor of Bitcoin Gold, and its price showed signs of massive recovery by rising to $168.19 in May.

Bitcoin Gold price history and technical analysis

Technical analysis of Bitcoin gold price prediction chart by tradingview

The 4-hour chart shows that the price of Bitcoin Gold is trading above 50 days and below the 100-day moving average. Besides, the price is moving upwards and trying to break the upper end of the Bollinger band. Following the increase in bitcoin, the price of Bitcoin Gold is also rising.

Bitcoin Gold price prediction 2021

Bitcoin Gold (BTG) has been around for about four years and the market sentiment has been both positive and negative. Over the past 30 days, price movements in the 1 hour and 4-hour charts have been as bullish as most cryptocurrencies.

However, there is a lot of speculation about the price of Bitcoin Gold (BTG) by the end of 2021. Before deciding to invest, take a look at some popular Bitcoin Gold price predictions.

In this Bitcoin Gold price prediction, we will take into consideration, the BTG price drop in the beginning. The BTG fall brought the price of the coin.

Wallet Investor

According to Wallet Investor, the one-year price forecast for Bitcoin Gold is around $ 149,156. By the end of 2022, a maximum price of $ 275,252 is available. As the chart shows, the trading range between now and next year is quite volatile, making Bitcoin and Bitcoin cloud mining a valuable investment.

Over the past five years, the price of Bitcoin Gold has been set at more than $ 430,350.

Bitcoin Gold price prediction 2021

Bitcoin Gold Price Prediction 2021, 2023, 2025 by Wallet Investor

TradingBeasts

TradingBeasts estimates the price of Bitcoin Gold at a minimum, maximum. An average of $ 52,917, $ 77,818, and $ 62,255 by the end of 2021.

The tables below show the Bitcoin Gold price prediction from August 2021 to December 2021 and January 2022 to December 2022.

Digital coin prices

According to Digitalcoinprice.com Bitcoin Gold, the average price is expected to be $ 102.98 by the end of 2021. Over the next five years, the price of Bitcoin Gold is expected to rise to $ 242.99.

Bitcoin Gold price prediction 2021

Bitcoin Gold Price Prediction 2021, 2023, 2025 by Digitalcoinprice.com’s

Cryptoground

Bitcoin Gold price prediction from Cryptoground is bullish, and the BTG/USD pair is expected to trade at around $95.1720 per unit in a year.

Bitcoin Gold Price Prediction 2021, 2023, 2025 by Cryptoground

CoinPriceForecast

According to CoinPriceForecast, the price of Bitcoin Gold is very bullish and is expected to accelerate in the coming months. They forecast that the price of Bitcoin gold will grow by 69% by 2023, with a mid-year value of $ 106.60 and a year-end price of $ 116.07.

Bitcoin Gold Price prediction 2021-2025

Today, the price of Bitcoin Gold is $ 126, and this asset has a high market value of $ 2,255,259,633 with a current supply of 17,513,924 BTG. The huge ceiling of the market itself is a great sign of the bright future of this token. Over the past few days, the price of Bitcoin Gold has been slightly corrected after reaching a high of $ 150. However, Bitcoin Gold (BTG) is likely to rise in price in the coming days.

Bitcoin Gold Price prediction 2021-2025

Bitcoin Gold Price Prediction 2021

According to price analysis by experts, surprisingly, 2021 may turn to the price of Bitcoin Gold (BTG) and accelerate real trading programs in Bitcoin Gold. Fortunately, it may even exceed $ 190 by the end of 2021, along with the overall cryptocurrency market trend.

Bitcoin Gold Price Prediction 2022

If Bitcoin Gold (BTG) continues its upward trend this year, it may continue its upward trend until 2022. According to optimistic price forecasts, BTG / USD may trade around $ 260. However, corrections will likely follow and the BTG / USD price will face corrections by the end of the year. If this happens, the price may drop to $ 250 support.

Bitcoin Gold Price Prediction 2023

With strong foundations, more and more investors will be buying Bitcoin Gold by the end of 2022. Forecasts suggest that the price of Bitcoin Gold may only increase exponentially and the blockchain will integrate into many applications. Mass acceptance will lead to an increase in the price of Bitcoin Gold by the end of 2023, bringing it to an average price of $ 320.

Bitcoin Gold Price Prediction 2024

Although experts predict that the price of Bitcoin Gold will reach $ 400, with numerous advances in technology, it is safer to bet around $ 380 for significant profits in the next few years.

Bitcoin Gold Price Prediction 2025

It is almost impossible to predict whether the Bitcoin Gold team will add significant features by 2025. The potential growth of the overall cryptographic space in the next few years may affect BTG. And may exceed $ 460-500 by the end of 2025.

Is BTG a good investment?

Whether BTG is a good investment or not, the true answer lies with the investors’ perspectives, and of course, market sentiments. As with every other cryptocurrency, highs and lows are very much expected with Bitcoin Gold (BTG).

The coin’s exchange rate against the traditional currencies has been declining in the last month. But it is predicted that a more favorable movement in the market will take place before the end of 2021.

However, based on the data and forecasts, it can be said that Bitcoin Gold offers huge prospects in the long run (5+ years) and should offer a good return on investment.

Digital coin Bitcoin Price prediction states that the price of the coin will reach $ 316.88 by 2028.

Bitcoin gold price predictions by Digital Coin

Conclusion

In the last four years, the market has gained a lot and has continued some of its core functions. With the introduction of the Equihash consensus algorithm, BTG has successfully centralized the cloud miner websites that allow ordinary miners to generate more BTG coins using GPUs. It offers improved scalability, increased processing time, and replay protection.

Bitcoin Gold is a useful tool for fast global payments, open-source bridges, investment, research, and smart contracts. As shown in its official roadmap, the developers also plan to turn BTG into an independent digital asset. But the exact details are not yet known.

The variety of applications of this cryptocurrency shows its potential in the future. Therefore, it is expected to become more popular in the coming years and, of course, its price will increase.

You can also take a look at our Bitcoin price prediction and Ethereum price prediction.

One response to “Bitcoin Gold price prediction: Is Bitcoin Gold a good investment?”

  1. Herve Fodouop says:

    Good to know

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