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What will be the price of bitcoin gold?

From $ 0 to $ 2900 - and, it would seem, everywhere in between.

26.Oct.17 6:24 AM
By Daria Zaytseva


What will be the price of bitcoin gold?

Bitcoin gold, a new fork of bitcoin software, may not have been officially launched or distributed to users, but it does not stop cryptocurrency markets from searching to determine its potential value or benefit from its possible existence.

In an interesting turn of a typical spread, a number of exchanges are currently listing a token, which represents an application for a future supply of bitcoin gold (before it becomes available to all users of bitcoin). However, before this event, traders try to evaluate an asset that offers an alternative to competition for a reward in bitcoin production network.

Most of the surveyed industry observers do not expect the project to compete with bitcoin or bitcoin cash, predicting that its market capitalization would likely be similar to less valuable networks.

This view seems to have affected the exchanges, where BTG tokens traded at a high level of $2,900 on Bitfinex, before dropping 96.64 percent to $97 on Tuesday. As of Wednesday, prices stabilized by about $137 at press time, although order books are heavy with orders for sale in available markets.

At current prices, the cost of all bitcoin gold (after its release) will cost only 43 percent of BCH and 2 percent of BTC. Thus, it seems unlikely that in the near future to exceed the value of those currencies.

Likewise, the exchange interest also seems to be depressed. Currently, only a few exchanges, Bitfinex, HitBTC, Yobit, Bleutrade, Bitstar and Coinnest support trading pairs BTG/BTC and BTG/USD.

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