The market is experiencing another slump and dump of crypto assets as bitcoin steps down to 5,000$ mark again.
Most of the alt cryptos go down too but a few inlucding BTG has remained in the green line which i think it will refuse to go down easily and may continue to rise in the coming days.
Most of the alt cryptos go down too but a few inlucding BTG has remained in the green line which i think it will refuse to go down easily and may continue to rise in the coming days.
As we all know, Bitcoin Gold is a fork of the original Bitcoin blockchain. The only reason I believe why it's still valuable it's because of the "Bitcoin" brand. Of course, it may have implemented an ASIC-resistant algorithm, but other cryptocurrencies have done the same too. If BTG wants to have a bright future, it would need to deliver something unique to the masses that cannot be found elsewhere. Otherwise, people would be reluctant to invest into a cryptocurrency which resembles the original Bitcoin in every way.
Considering it's an altcoin, it depends on Bitcoin's price movement for it to either rise or fall. Sometimes, BTG is one the green zone while other alts are declining. I believe that if BTG stays this way without delivering true innovation, then it would remain actively traded across several cryptocurrency exchanges (just like Dogecoin) but with no real utility at all (just speculation). Therefore, BTG's future will highly depend on efforts from both developers and individuals supporting/using it. Just my opinion
