23 May 2018 Joseph Chanov
Bitcoin Spotlight: Bitcoin Private (BTCP) vs Bitcoin Gold (BTG)
Bitcoin Gold and Bitcoin Private have been making the headlines of crypto news recently, as the latest Bitcoin forks.
Focusing on Bitcoin Private, its price marks a steady decrease, which has raised concerns among the crypto investors for the short-term future of the coin. However, in the long-term, the forecast looks rather positive, considering that the team behind Bitcoin Private is working on a network upgrade. Such crypto events tend to increase the coin’s price significantly.
Furthermore, Bitcoin Private is already available on HitBtc and is on the way to appear on Binance Exchange. The featuring on the global leader in exchanges will undoubtedly increase BTCP’s liquidity.
Looking back to the first half of 2018, following the 169.64% price decrease in March, April was more favorable for the coin marking a slight recovery. The positive change was possible thanks to increased mining activity, leading to a higher value, trading volume, and gains against the dollar.
With regards to mining, currently, there are 20 million BTCPs in circulation, compared to less than 17 million BTCs.
In April, BTCP’s price increased by $22.10, reaching $46.30 and later a high peak of $57.21 on the 22nd April. This also led to a volume increase of 1067.08% in the period.
Currently, BTCP is gaining an advantage of 5% against the dollar and Bitcoin.
Contrary to Bitcoin Private, Bitcoin Gold is performing better at the moment. Following the high mark of $77, the coin is down by nearly $10 and is about to be listed on Polonex.
This creates a favorable environment for the coin’s growth in the next couple of days, likely to boost the price to a new record. Some market analysts predict a price over $100 - a result of exchanges listings.
Bitcoin Bitcoin Cash btc Bitcoin Private bitcoin news cryptocurrency news crypto news Crypto Price
