1 month ago By Blockchain Mata
Heard of Bitcoin Gold, BTG? With the recent mighty moves being made by this seemingl project, it is hard for one to miss knowing it.
If your answer is NO, nothing to worry about, you are the reason I enjoy digging in and writing.
Sit back and read through Bitcoin Gold (BTG) Price Prediction, noting what Bitcoin Gold (BTG) is basically about and how worthwhile the project could be.
Bitcoin Gold (BTG), a blockchain based platfor launched in 2017 as a user-friendly Bitcoin alternative by co-founders areHang Yin, Martin Kuvandzhiev, and Franco Niebles, is an open-source digital currency with Bitcoin (BTC) fundamentals.
It is aimed at mitigating the scalability concerns of BTC and decentralizing the mining sector. A hard fork (spin-off) of existing blocks of the BTC blockchain.
Driven by a proof of work (POW) algorithm known as Equihash or Zhash, Bitcoin Gold (BTG) can be mined on regular GPUs rather than the expensive and sophisticated ASICs with the hard fork.
Bitcoin Gold has fulfilled some of its aims by offering complete anonymity and significantly improving processing times compared to what we have with Bitcoin.
The BTG coin has been one of the struggling cryptocurrencies over the past few months with Market Rank #98 according to Coinmarketcap and (at the time of writing this article, July 2022) is currently trading at around $19 per token and this is even impressive when you consider that it was trading at only $2.5 per token back in November 2020 with an all time high of about 539 USD around October 2017.
With a fully diluted market cap of 394 million USD. It has a circulating and total supply of 17.51 million BTGcoins and a maximum supply of 21 million BTG coins, Bitcoin Gold is down 0.57% in the last 24 hours.
The coin has also seen an increase in its market cap over the past few days, which means that there are more people interested in buying and selling BTG coins than ever before. This could be due to several factors including a high number of new investors entering the market, or it could simply be because people are becoming more aware of how useful BTG coins can be for investment purposes.
There are indeed other coins out there that offer better returns on investment than BTG does but there is no denying that this coin is being used by quite a lot of people across the world every single day as they carry out their online shopping activities.
Wallet Investor is very expectant and positive on Bitcoin Gold and sees a positive trend for the future price of the BTGcoin. The platform expects the BTG Cryptocurrency to drop drastically from $17.745 to $1.044, within the next one year and devaluation of BTG from the current market price to $11.928 in the coming days.
TradingBeasts are much more optimistic than usual in their expectations of BTG. According to this platform’s Bitcoin Gold (BTG) price prediction, and unlike wallet investors, they forecast a market reversal, increasing BTG’s maximum price to $26.033 by the end of the year.
Like TradingBeasts, Digital Coin Price also assumes that Bitcoin Gold is capable of reaching $27 by year end.
This platform expects the BTG coin’s price to slowly keep rising in the coming years without any issues or interruptions.
Gov Capital states that the token is expected to lose over 75% of its current value, continuing its bearish trend. For this reason, BTG is not recommended as a profitable addition to your portfolio in the near future.
After the analysis of the prices of Bitcoin Gold in previous years, it is assumed that in 2022;
The lowest value of Bitcoin Gold will attain is about $22.41.
The highest expected BTG price may be around $25.52.
And on average, the trading price might just be $23.29 in 2022.
After the analysis of the prices of Bitcoin Gold in previous years, it is assumed that in 2023;
The lowest value of Bitcoin Gold will be about $33.
The highest expected BTG price may be around $39.
And on average, the trading price might just be $34 in 2023.
Based on the technical analysis by cryptocurrency experts regarding the prices of Bitcoin Gold, in 2024, BTG is expected to have the following prices;
Lowest price: $49
The average expected trading cost is $51.11.
The experts in the cryptocurrency have analysed the prices of Bitcoin Gold and their fluctuations during the previous years. It is assumed that in 2025 BTG prices will follow this pattern;
Minimum price drop of $76.67
The maximum price can reach $87.19
And on average, the trading cost will be around $78.72.
Based on the expert predictions of the costs of Bitcoin Gold by crypto experts, the following differences in BTG prices are expected in 2026;
The highest value is $132 and,
The lowest value will be $109
On average, it will be traded at $112.
Crypto experts are constantly analyzing the fluctuations of Bitcoin Gold. Based on their predictions, the estimated average BTG price will be around $166.17. It might drop to a minimum of $160.56, but it still might reach $187.52 throughout 2027.
Every year, cryptocurrency experts prepare forecasts for the price of Bitcoin Gold. It is estimated that BTG will be traded between $249 and $282 in 2028. Its average cost is expected at around $255 during the year.
Cryptocurrency analysts are ready to announce their estimations of Bitcoin Gold’s price. The year 2029 will be determined by the maximum BTG price of $434. However, its rate might drop to around $359. So, the expected average trading price is $372.
After years of analysis of the Bitcoin Gold price, experts in the field propose their BTG cost estimation for 2030.
The minimum price BTG will be traded for is at least $546.67,
The possible maximum value BTG is to trade at could be $613.43,
And on average, you can expect the BTG price to be around $561.56 in 2030.
I think BTG might not be a good investment even though it is only a small part of the price of 1 BTC, with lots of room for growth.
From analysis Bitcoin Gold price is likely going to decrease. Now the Bitcoin Gold price is $18.880, but by the end of 2022, the average Bitcoin Gold price is expected to be $18.611.
But bear fully in mind that the purpose of this article is not as investment/finance advice, nor does it deter you from further DYOR.
The cryptocurrency is expected to rise steadily during the forecast period. According to coin analysts, digital assets have a promising future in the financial and banking sector.
However, a major hurdle to the wide adoption of this cryptocurrency lies in the proper regulation of authorities across the globe.
We would have to wait for another few months to see if the claims made by the crypto experts about Bitcoin Gold (BTG) would come true or not.
The major thing in these predictions is faith and trust, which only time and consistency in performance can provide.
Thanks for going through the article, if you have any queries or feedback, please feel free to contact us via the comment box.
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