Bitcoin Gold rises May 24, 2022

Bitcoin Gold (CRYPTO:BTG), imitation coin bitcoin (CRYPTO:BTC) soared nearly 24% in regular trading on Monday, despite falling the top two tokens by market cap in the crypto space.

BTG Performance Period % change (+/-) after 24 hours +23.9% after 24 hours vs. BTC +27.6% after 24 hours vs. ETH +26.6% after 7 days +24.5% in 30 days – 27.9% since the beginning of the year – 41.3%

Huge volume of transactions

According to data from CoinMarketCap, Bitcoin Gold trading volume increased by 2650.9% in 24 hours to $230.21 million. The token was the most profitable on the price tracking website on Monday.

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According to TradingView, 24-hour BTG-Tether (USDT) volume on Binance hit its highest level since June 2021.

Simulation effect

BTG surged in March as investors looked for low-cost alternatives to bitcoin.

Bitcoin Gold was generated in October 2017 as a result of a hard fork of the central part of the cryptosphere and is mainly focused on decentralized mining.

According to the project’s website, the token can be mined using graphics processing units (GPUs) instead of specialized application-specific IC miners required for bitcoin mining.

What does the network think?

BTG’s gratitude caught the attention of Twitter users on Monday.

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