Bitcoin Gold Price Prediction 2023-2031
[Bitcoin Gold Price Prediction 2023 – up to $29.21](#Bitcoin-Gold-Price-Prediction-2023) [Bitcoin Gold Price Prediction 2025 – up to $53.55](#Bitcoin-Gold-Price-Prediction-2025) [Bitcoin Gold Price Prediction 2028 – up to $87.41](#Bitcoin-Gold-Price-Prediction-2028) [Bitcoin Gold Price Prediction 2031 – up to $227.51](#Bitcoin-Gold-(BTG)-Price-Prediction-2031)
Here is where the crypto market stands: Gary Gensler, head of the US Securities and Exchange Commission (SEC), is pushing for a single set of rules for cryptocurrencies that would bring together all regulators and strengthen industry regulation.
Ripple over the weekend filed a motion seeking dismissal of the suit before trial in federal court in Manhattan.The company argued that XRP can’t be considered a security because there was no “investment contract” granting investors rights or requiring the issuer to act in their interests.Cardano co-founder Charles Hoskinson told the US Congress that the SEC and CFTC would not be able to handle oversight of the cryptocurrency industry.In his view, it could self-regulate along the lines of the banking industry.
As we remain hopeful, let’s take a look back at how Bitcoin Gold (BTG) came into existence.
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.
Today’s Bitcoin Gold price is $11.78 USD with a 24-hour trading volume of $4,644,973.Bitcoin Gold is down by 1.08% in the last 24 hours.The current CoinMarketCap ranking is #110, with a live market cap of $206,372,273.
It has a circulating supply of 17,513,924 BTG coins and a max.supply of 21,000,000 BTG coins.
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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.
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.
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 independently of centralized monetary policies or restrictions by banks, federal reserves, or other financial bodies as a digital asset.
BTG Overview
As of this writing, BTG is ranked below the top 100 coins at #110, with a total market cap of $206,671,821, 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.
BTG has recorded a 12.41% decline in price within the last 24 hours.
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 BitcoinGold.
– If you’re selling for another digital asset, ensure that the receiving address is secure.
Bitcoin Gold Price History
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 December 2022, the price of BTG has significantly decreased by over 70% since 2021.The cryptocurrency has seen a bearish run that has pulled its market price to new lows.Comparing the price of BTG to its all-time high, the coin has lost over 95% of that value, due to the prolonged bear market.
Bitcoin Gold Technical Analysis
On the 4-hour price chart, Bitcoin Gold is in a falling trend, having lost 19.17% in 1 month and 43.96% in the past three months.
The Bollinger Bands are widening which indicates increased volatility and pessimistic investor sentiment.Also, the momentum oscillator (histogram) has descended below the zero line, showing a bear market and presenting a shorting opportunity.The Relative Strenght Index (RSI) is close to the oversold region, which corroborates the position of the other indicators.
BTG Price Prediction by Cryptopolitan
The crypto space has had a torrid 2022, and Bitcoin Gold is no exception, with some analysts insinuating that the project had lost its way.Bitcoin Gold’s price has swung up and down through the bear market, never managing to attain a steady market price.
Heading into 2023, the market sentiment remains bearish, with most cryptos trading at new lows.
What should investors in 2023 and beyond expect from Bitcoin Gold? Can the Bitcoin Fork recapture its all-time high in the coming years? Here are our Bitcoin Gold price predictions from 2023 to 2031.
Bitcoin Gold (BTG) Price Prediction 2023
Although Bitcoin Gold is on a downslope, falling by 10.63% in the past week, our Bitcoin Gold price prediction 2023 indicates that the coin might begin an upward trend.We anticipate a minimum market price of $25.09, a maximum trading price of $29.21, and an average price of $28.71.
Bitcoin Gold (BTG) Price Prediction 2024
According to our Bitcoin Gold price prediction 2024, BTG will have a maximum price of $42.60 and a minimum price of $34.20.Investors could also anticipate an average trading price of $40.39.
Bitcoin Gold Price Prediction 2025
By 2025, we expect that Bitcoin Gold will attain a peak price of $53.55 and a minimum market value of $44.98.
Our Bitcoin Gold price prediction 2025 also indicates the coin will trade around an average price of $51.40, representing a 339.69% profit on bitcoin gold price today.
Bitcoin Gold Price Prediction 2026
Our Bitcoin Gold price forecast 2026 anticipates a continued uptrend in the market price of BTG, leading to the coin trading at a maximum value of $58.78.The BTG crypto is also expected to have an average price of $55.58 and a minimum price of $49.67.
Bitcoin Gold Price Prediction 2027
According to our Bitcoin Gold price prediction 2027, we expect BTG to reach a maximum trading price of $61.45, a minimum price of $55.47, and an average price of $59.73.If Bitcoin Gold continues to pursue interoperability, the network might see an increase in developers and investors, which would drive prices to the projected levels.
Bitcoin Gold Price Prediction 2028
For this year, our Bitcoin Gold price prediction 2028 indicates that BTG will record some more gains, resulting in a maximum trading price of $87.41 and an average market value of $85.48.The minimum price expected for the coin is $78.83.
Bitcoin Gold Price Prediction 2029
According to our Bitcoin Gold price prediction 2029, BTG will trade at an average price of $120.64, with the potential to hit a maximum price of $122.69.We also expect the Bitcoin hard fork to have a minimum price of $113.93.
Bitcoin Gold (BTG) Price Prediction 2030
Based on our Bitcoin Gold price prediction 2030, BTG will have a maximum market value of $167.64 and a minimum price of $164.82.
Investors could also expect an average price of $299.07.
Bitcoin Gold (BTG) Price Prediction 2031
According to our Bitcoin Gold price prediction 2031, BTG will be trading at a minimum price of $219.07 and an average forecast price of $224.64.In addition, our forecasts show that the token will eventually reach a highest price of $227.51, which would be an increase of 1846.19% over the current market price.
Bitcoin Gold Price Predictions by Wallet Investor
According to Wallet Investor, Bitcoin Gold cryptocurrency is not a profitable investment in the long-term, as they expect the token’s value to decline by over 80% in 2023.
Similarly, they predict BTG to trade within the range of $10.251 and $12.518 over the next few days.
Technewsleader Bitcoin Gold Price Predictions
The Bitcoin Gold forecast from Technewsleader expects the value of BTG to go as high as $22.12 in 1 year.Their predictions also put the cryptocurrency’s price at $71.21 by 2027.
In 10 years, the price forecast from Technewsleader expects BTG to be trading above $400.
Longforecast Bitcoin Gold Price Prediction
According to Longforecast’s BTG price forecast, Bitcoin Gold might experience severe market losses as they predict that the coin will have a price range of $4.61-5.91 by the end of 2023, with a closing market price of $4.96.
Going into 2024, Longforecast anticipates the coin to experience further devaluation, resulting in a minimum price of $2.72 and a maximum of $5.66.
In 2025, Longforecast projects some gains for BTG, with prices remaining within the range of $3.34-$5.81 resulting in a minimum and maximum price of $3.15 and $4.03 by December.The following year, Longforecast anticipates a bear market for BTG, leading to a minimum price of $1.69 by June 2026, with the maximum and closing market prices by December 2026 being $2.43 and $2.04, respectively.
Conclusion
Bitcoin Gold (BTG) is not the most popular coin for massive price jumps.However, its fundamentals and innovative features are pretty solid – meaning that it can still be a profitable investment over time.
It is quite famous for its intriguing network capabilities, which continue to interest many crypto enthusiasts and developers worldwide.
In the last month, BTG’s highest price point was $18.94.
Although it has since fallen short of that to below $12, we anticipate a steady rise in the token’s price in 2023 and the years beyond.
However, these predictions are not financial advice, and all investors should conduct further research before making any investment decision..