The introduction of Bitcoin (BTC) in January 2009 came with the proposition that mining the coin would be available to all and sundry, and this appeared to be the status quo for some time. However, as the value of Bitcoin steadily climbed up the charts, its mining appeal began to skyrocket, and competition soon increased. Two products of this competition include Bitcoin Gold and Bitcoin Cash.
Bitcoin mining came with more challenges, and it became clear that only custom-built equipment (ASICs) can efficiently mine the coin. Big players monopolized the BTG network and disadvantaged participants who could not afford powerful and faster ASICs; this caused an imbalance of power.
Due to the turn of events, 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. 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.
What is Bitcoin Gold (BTG)?
Bitcoin Gold (BTG) was launched in 2017 as a user-friendly Bitcoin alternative by co-founders areHang Yin, Martin Kuvandzhiev, and Franco Niebles. The blockchain-based platform is an open-source digital currency with Bitcoin (BTC) fundamentals, aimed at mitigating the scalability concerns of BTC and decentralizing the mining sector.
Bitcoin Gold has fulfilled some of its aims by offering complete anonymity and significantly improving processing times compared to what we have with Bitcoin. Bitcoin Gold (BTG) can be mined on regular GPUs rather than the expensive and sophisticated ASICs with the hard fork.
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) functions independent of centralized monetary policies or restrictions by banks, federal reserves, or other financial bodies as a digital asset.
Bitcoin Gold Overview
|Coin||Symbol||Price||Marketcap||Change||Last 24h||Supply||Volume (24h)|
|BTG||$ 25.01||$ 437.90 M||7.90%||17.51 M||$ 172.57 M|
As of this writing, the price of BTG has consistently allowed it to retain a spot among the regular top 100 coins by market cap on both CoinMarket cap and Coingecko rankings. Today, the Bitcoin Gold token is ranked at position #122 on the Coinmarket cap and has a total market cap of $638,249,466.12, which is a significant reduction from last year’s market cap.
The reduction can be attributed to the current bearish sentiment that has engulfed the crypto market, causing a significant drop in the trading prices of most tokens. However, the market has begun to recover, and BTG has recorded a 2.75% growth in price within the last 24 hours.
With a market dominance of 0.03%, the cryptocurrency currently trades at $36.42%, with an average daily trading volume of $41,003,908.44
What are some BTG use cases?
BTG can have several applications, including the following
- Settlement for trades – buy, sell, swaps, etc.
- An instrument of investment in crypto marketplaces
- An independent payment enabler like other digital assets
- Computing technology
- Open-source bridges
- Smart contracts
- Payment methods
The various use cases of this digital asset across multiple platforms have led to a steady increase in Bitcoin Gold’s (BTG) value.
How to buy and sell Bitcoin Gold (BTG)
Like Bitcoin, Bitcoin SV, and other coins, Bitcoin Gold (BTG) can be purchased or sold on cryptocurrency platforms that support the ecosystem. You can also swap/sell BTC for BTG on a Bitcoin exchange.
Here’s how to buy Bitcoin Gold:
- Look for a secure cryptocurrency exchange.
- Set up an account.
- Provide identification and payment details where necessary.
- Fulfill KYC requirements.
- Determine the amount of coin you want to buy, confirm the exchange rates, and buy Bitcoin Gold.
- If you prefer hardware wallets over digital wallets, that option is available too.
Here’s how to sell Bitcoin Gold:
- Ensure that you already have your Bitcoin Gold coin in your wallet.
- Visit any secure crypto platform with support for BTG, and type in your sell amount.
- If the rates work for you, sell your Bitcoin Gold.
- If you’re selling for another digital asset, ensure that the receiving address is secure.
Bitcoin Gold price history and technical analysis
From historical data, Bitcoin Gold (BTG) coin price was initially valued at over $500, and it hit an all-time high (ATH) of $539.72 on 23 October 2017. However, the price fell rapidly below $200 in a short period but hit another high of $509 on 11 November 2017.
Bitcoin Gold spent the remainder of 2017 trying to retrace the $500 mark. The price retracement continued in the first few days of 2018, but the market eventually lost its momentum at around $158 at the end of January 2018.
In March 2018, BTG’s value fell below the $100 mark, and the bearish movement spanned the whole of the year 2019. On 3 January 2020, Bitcoin Gold plummeted to a new minimum price of $5.02 and attained an all-time low of $4.25 in March 2020.
The significant price dips experienced between 2018 to 2020 could be attributed to repeated malware attacks on the coin’s 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 favored Bitcoin Gold, and its price showed signs of massive recovery by rising to $168.19 in May.
In the 4-hour chart, it is clear that the price of Bitcoin Gold is trading above the 50-day and below the 100-day Moving Averages. Along with this, the price movement is upwards, trying to break through the upper end of the Bollinger Band. Following the rise of Bitcoin, Bitcoin gold price is also rising.
As of this writing, in Jan 2022, the price of BTG has significantly increased since then. The cryptocurrency has maintained an impressive bullish momentum that has seen the prices recover from their worst hits between 2018 and 2020. So far, the coin has gained immensely and is currently trading around the $35 mark.
A fast and easy way to analyze Cryptocurrencies
Technical analysis gauges display real-time ratings for the selected timeframes. The summary for Bitcoin Gold / US Dollar (calculated by TradingView) is based on the most popular technical indicators — Moving Averages, Oscillators, and Pivots. Results are available at a glance. The gauges show a neutral indication for BTG.
The Bitcoin Gold token is poised to continue upward when the bulls overcome the bears. As per the price predictions, the switch will happen soon, and the BTG holders, alongside other crypto holders, will resume the bullish momentum.
Detailed technical analysis show trends and overbought/oversold signals simply and efficiently. Indicators values for all timeframes offer you an excellent overview of the market.
In an attempt to determine the future price of BTG based on the current price of Bitcoin Gold and historical price action, we analyze some of the current price predictions by Industry experts to provide a more wholist view of the price forecast of Bitcoin gold.
Bitcoin Gold technical analysis
Source: Trading View
The price of BTG is currently at $43.83. According to its 1-Day chart, BTG is above its 50 and 100-day Moving Averages. BTG is currently bullish, and we may see its price move up to $80. But a slightly bearish trend may see it move to its support zone at $28.4. Furthermore, its technical oscillators directly point to the buy zone suggesting that it is time to buy the token.
At the time of writing, BTG has a 24-hour trading volume of $27,781,261. The coin has been down 0.13% in the last 24 hours. The current CoinMarketCap ranking is #110, with a live market cap of $769,994,179. It has a circulating supply of 17,513,924 BTG coins and a max. supply of 21,000,000 BTG coins.
Bitcoin Gold Price Prediction 2022-2030
Wallet Investor is bullish on Bitcoin Gold in the long term. However, Wallet Investor projects BTG to have an average price of $85.1 and a maximum price of $124 by the end; the revenue is expected to be around +209.16% with a five-year investment. If you buy Bitcoin Gold for 100 dollars today, you will get 2.284 BTG. Also, your current $100 investment may be up to $309.16 in 2027.
Price Prediction also expects BTG to have a minimum price of $37.33, a maximum price of $45.90, and an average trading price of $38.82 by 2022. In 2024, the price of Bitcoin Gold is predicted to reach a minimum level of $79.16; its price can reach a maximum level of $93.96 with an average trading price of $81.95. The price of 1 Bitcoin Gold is expected to reach a minimum level of $119.68 in 2025. The BTG price can reach a maximum level of $138.84 with an average price of $123.77 throughout 2025. The same bullish trend continues until 2030 as BTG is expected to reach a minimum value of $741.89, a maximum value of $899.75, with an average trading price of $763.53.
Trading Beast made a 3-year price prediction on Bitcoin Gold. However, they forecast that Bitcoin Gold would have a minimum price of $30.12 with a maximum price of $44.30 by 2022. Also, they projected that BTG would have a minimum price of $44.93 and a maximum price of $66.15 by the end of the year 2023.
Trading Beast further forecasts that the minimum price of BTG by 2024 would be $61.72; they also reveal that the coin will have a maximum price of $90.77. By 2025, BTG would have a minimum price of $74.15 and a maximum price of $109.05.
|Year||Minimum Price||Average Price||Maximum Price|
BTG Price Prediction 2022
In the first week of January 2022, Bitcoin Gold reached $43.32 when it dropped below $26.16 for the first time since January 2021. According to technical analysis, we predict that Bitcoin Gold will pass the $58.20 mark by the end of this year.
BTG Price Prediction 2023
There is a possibility that Bitcoin Gold can break through the $66.89 barrier and hold the market by the end of 2023. The lowest Bitcoin Gold price will be between $55.68 to $66.89, and the most likely Bitcoin Gold price will be steady at around $61.38 by the end of 2023.
BTG Price Prediction 2024
By 2024, market analysts and experts predict that BTG will start the year at $51.18 and trade around $79.45. According to their predictions, this would be extremely high compared to last year.
BTG price prediction 2025
There is a good chance that Bitcoin Gold 2025 Price Prediction will double in price, but it is also possible that it may not reach its expected maximum $92.18 level. Bitcoin Gold is predicted to reach an all-time high of $81.79 or $92.18 in 2025, and it could be the year of Bitcoin Gold.
BTG Price Prediction 2026 and beyond
Bitcoin Gold Price Prediction, or BTG, will experience tremendous growth in 2026 as it has the potential to achieve new highs in terms of price points and market cap. Bitcoin Gold’s price is expected to surpass $80.90 in 2026. We forecast that Bitcoin Gold will reach the maximum price of $80.90, and the minimum price is expected to be around $68.12 in the next five years from 2026.
We predict that BTG will cross the $93.61 price level in 2027. Meanwhile, Bitcoin Gold is predicted to reach a minimum price of $80.46 this year. The maximum price may reach $113.03. By the beginning of 2028, we predict that the cost of Bitcoin Gold will reach $133.65, and the price of BTG should reach $133.65 by the end of the year. In addition, BTG can reach up to $122.36 in price. From 2024 to 2028-time gap will bring significant years for Bitcoin Gold growth. In 2029, Bitcoin Gold Price Prediction is expected to cross the $170.93 average price level, according to the Bitcoin Gold forecast and technical analysis. By the end of 2029, Bitcoin Gold’s minimum price will be $164.52. Additionally, BTG can reach a maximum price level of $177.20.
At the end of 2029, Bitcoin Gold will have an average price of $177.20. Bitcoin Gold’s price is estimated to reach $185.54 by 2030. With an average trading price of $192.31 throughout 2030, Bitcoin Gold’s value could come to $197.88 at its highest. The specialists expect the maximum price to be trading around $192.31.
BTG Price Prediction by Industry experts
When taking a thorough look at Bitcoin Gold price prediction, it is essential to note that analysts’ and algorithm-based expectations can be wrong. The BTG price prediction is based on fundamental and technical studies of the cryptocurrency’s past performance. But past performance is no guarantee of future results.
With these in mind, please note that your decision to invest in BTG cryptocurrency or any other digital asset depends on your ability to take risks, your expertise in the market, the spread of your investment portfolio, and how comfortable you feel about losing money. It would help if you never traded with more money you cannot afford to lose. If we go by the predictions, BTG is a good investment in the long term.
FAQs about BTG
Is Bitcoin Gold a profitable investment in 2022?
Price analysis for a long-term period indicates that BTG is a profitable investment. However, price fluctuations are expected, but we expect the BTG coin to close in 2022 at an average price of $54.23.
Is Bitcoin Gold a good investment?
Bitcoin gold (BTG) was launched in 2017 as a hard fork of bitcoin and is used as digital currency in peer-to-peer payments. Since its inception, it has returned a negative ROI of nearly 91%, according to CoinMarketCap, as of 30 March 2022. However, its price action has been bullish in the past month, and the token rose 50% to $43.83 at writing. Whether BTG has the potential to be in your portfolio depends on your circumstances and risk tolerance. Before trading BTG, you should estimate the level of risk you are ready to take. And never invest money you cannot afford to lose.
Is Bitcoin Gold price forecast always accurate?
There is no 100% guarantee that the actual price dynamics of BTG will follow a forecast or any particular approach. However, a price forecast provides extensive market insight into a coin of interest.