Is Bitcoin Gold (BTG )A Good Investment?

Bitcoin Gold (BTG) was launched in 2017 as a user-friendly Bitcoin alternative by co-founders areHang Yin, Martin Kuvandzhiev, and Franco Niebles. In effect, BTG is a hard fork (spin-off) of existing blocks of the BTC blockchain. The Bitcoin Gold blockchain is driven by a proof of work (POW) algorithm known as Equihash or Zhash.

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.

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.

BTG has consistently retained a spot among the regular top 100 coins by market cap on both CoinMarket cap and Coingecko rankings. The price of Bitcoin Gold is currently at $28.95, with a market capitalization of $507 million.

Price Prediction by Authority Sites

#1 Wallet Investor    According to Wallet Investor, Bitcoin Gold is an unfavorable long-term investment, as they project the coin to fall to $1.304 by 2023.

#2 TradingBeasts  TradingBeasts predicts a price range of $18.712-$27.517 and an average price of $22.014 by December 2022. They forecast a price downtrend for 2023, with the coin projected to drop to as low as $14.156 in August. Towards the end of the year, the team expects a price recovery to the tune of a maximum price of $25.30.

#3 Longforecast  Longforecast predicts Bitcoin Gold to close 2022 with a market price of $18.82, indicating a potential 16.12% devaluation from the current market price. Over the course of 2023, they also project BTG will experience additional losses leading to a price range of $12.04-$14.95 by the end of the year.

Cryptopolitan  Price Prediction

2022 The average price of BTG is expected at $31.73, with maximum and minimum prices of $29.48 and $34.22, respectively.  2025 According to our predictions, Bitcoin Gold will have a maximum price of $51.55 in 2025. The average value is expected to rise to $46.69. 2030 According to our price predictions, Bitcoin Gold will be trading between $106.79-$114.56, with an average trading price of $111.03 in 2030.

Is Bitcoin Gold (BTG) profitable 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 $33.97.

Disclaimer

Please take these price predictions as suggestions of some market experts/analysts. Prediction with tools may not turn out perfect due to the unpredictability of certain factors such as public sentiment and market conditions.