The cryptocurrency market now consists of hundreds of different coins. It is getting pretty crowded. Also, the investors are diversified as well. As a result, even if it is a Bitcoin Fork, you cannot say with 100% guarantee that it will continue to rise to newer highs. We will today be shedding some light on Bitcoin Gold. After hitting highs of over $ 400, Bitcoin Gold has been consistently falling. That is why investors are asking the question whether Bitcoin Gold will be able to beat that older high and reach newer ones.
What is Bitcoin Gold?
Bitcoin Gold was launched in November 2017. It has a block size of just 10 minutes. The current supply of Bitcoin Gold is capped at the maximum level of 21 million.
Why is Bitcoin Gold gaining so much attention?
Bitcoin Gold was created just with a single aim. That is to make mining of Bitcoin Gold much easier. If the mining is made much easier, automatically it will be more accessible to investors. As the accessibility increases, the usage of Bitcoin Gold will also increase. As a result, the resources which are needed in the mining of Bitcoin Gold are on the lower side. Moreover, the techniques which are used in the mining of Bitcoin Gold are also on the lower side. As a result, the aim of the developers is to create more transactions and liquidity in Bitcoin Gold. When that happens, automatically the value of Bitcoin Gold will also increase. In the next few years, this will certainly ensure that Bitcoin Gold crosses $400 high which it made recently.
Bitcoin Gold Price Today
That is why, if you’re thinking of investing in Bitcoin Gold, now is the right time to do so. It is trading at much lower levels. That is why the level of security which is currently present in Bitcoin Gold is much higher as compared to investing near the peaks. This is one of the main reasons why you should think about investing in Bitcoin Gold currently. Moreover, the volatility is on the lower side currently as it is trading near the bottom is. As a result, if you’re thinking of investing now, it will be easier for you to get a positive gain in the coming few years. That is why you cannot ignore investing in Bitcoin Gold currently. It is a good investment at the current levels as the level of security which is provided is much higher.