Recent news has been seen that there has been a split of 664k BTG ( Bitcoin Gold ) coins from a wallet for trade or exchange, and this can easily make the market crash for BTG and it can trade below the point which it is trading right now. BTG has touched merely 400$ in the past few months and have been trying to perform well in competition to other coins.
BTG ( Bitcoin Gold ) was originated from a hardfork that took place for BTC as it took place with BCH ( Bitcoin Cash ).
As CCN reported, the fork officially occurred on October 25, although the developers premined the blockchain for several weeks before launching the BTG network in mid-November. Since the network was created through a fork of Bitcoin, all BTC holders received an equivalent number of BTG coins on the new chain.
At the time of writing, Bitcoin Gold was trading at a global average of $127, which translates into a $2.2 billion market cap and ranks BTG as the 20th-largest cryptocurrency.
Indeed, the mere fact that these coins have been moved could cause traders to price in a sell-off, sending BTG’s value even lower than it currently stands.
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