While the cryptocurrency market has cooled down after breaking previously set resistances, a Bitcoin hard fork has continued projecting a double-digit surge. The bulls successfully pushed Bitcoin Gold [BTG] above the highly anticipated $18-mark. The 27th largest crypto-asset on CoinMarketCap posted major gains during the crypto-rally propelled by Bitcoin [BTC], earlier this week.
At press time, the fork coin, BTG, held a market cap of $325.6 million against the US Dollar, priced at $18.70. The 24-hour trading volume recorded by the crypto-coin stood at $28.65 million, according to CoinMarketCap. It further recorded a surge of 11.27% over the past 24-hours.
The digital asset, which was spiraling below $14, recorded a three-month high after the latest surge. A significant hike of 43.48% was also noted over the week.
BTG: 1 day-chart
Source: TradingView
Approximately 26.18% of the Bitcoin Gold trade volume was registered by Bithumb via the trading pair BTG/KRW, followed by the pair BTG/BTC on Binance.
In the otherwise silent space of this particular hard fork, the surge is being speculated to be because of the latest full-featured desktop called the Electrum G. The wallet boasts a light-weight, feature-rich, and user-friendly wallet for BTG. According to the official BTG website, Electrum G is a Simplified Payment Verification wallet that stores just the headers and not the entire blockchain.
The latest wallet is
https://twitter.com/bitcoingold/status/1114229924477526016Source
Topic: Bitcoin Gold sees double-digit gain following new wallet launch, surges by 11% (Read 55 times)