Bitcoin Gold represents another fork derived from the Bitcoin chain with the main idea of removing competitiveness in mining that can be found in Bitcoin and Proof of Work protocol.
The solution was to create an ASIC-resistant system that would allow BTG miners to validate transactions and create new blocks at lower mining difficulty and where miners can mine without the need of using expensive mining equipment.
The fork took place back in October 2017, so the crypto got a chance to head towards a record value of 456$ back in December 2017, however,BTG soon went down to lose -97% of its value in the course of the last 12 months.
Additionally, BTG was last seen above the price of 100$ back in March from where it gave up to severe dips and negative market trends, which is why is Bitcoin Gold now traded as the 25th
-largest crypto at the price of around 12$ with the latest dips in December 2018.
Will BTG keep sinking with dips or get back on track in the following period?
Gold (BTG) Price Prediction for 2018
Bitcoin is currently down by -37% in the last seven days, which brought BGT from the price of over 18$ at the beginning of December to its current value of 12$ on December 9th
Moreover, Bitcoin Gold lost over -60% of its total value inthe course of the last month during then November dips, that way marking major losses alongside the rest of the market.
The fact that the rest of the cryptocurrencies are also dipping, especially during the last several weeks, is probably what is keeping BTG among the list of top 30 trading cryptos.
At the current pace of growth, it is more likely that BTG is heading towards the end of the year at the lowest price of 10$, while its maximum price could go up to 19$, less likely to get past the value of 20$.
Gold (BTG) Price Prediction for 2019
Even in the case that BTG manages to enter 2019 at the price of 19$, it is suggested that October 2019 could bring severe dips of over -90% in a single month to BTG, sinking the crypto down to the value of 1$ to 2$.
However, in case the market heads towards the recovery at the end of 2019 as predicted, Bitcoin Gold should be able to get to the price of around 36$.
Gold (BTG) Price Prediction for 2020
Analysts suggest that BTG could be able to take a major rebound in 2020 with the crest of its crypto peers as it is presumed that the market will be able to acquire more stable pace of growth in the course of the next two years.
In that case, Bitcoin Gold could get to its all-time high already in the course of the next two years, going even beyond 500$ in the best case scenario.
The worst case scenario should keep the crypto near but below 100$ in 2020.
Gold (BTG) Price Prediction for 2025
In case BTG fails to get past its all-time high before the course of the next six years ends, it is said that Bitcoin Gold might see its record price once again in 2025.
It is generally presumed that 2025 should bring up a more stable market with reduced price fluctuations and prolonged dips since it is considered that the crypto market should be at least partially formed in terms of more stable trends by the end of 2025.