Short-Lived Shine? Bitcoin Gold Could Fall Under $300

Bitcoin gold (BTG) may have leapt up in the token rankings, but its gleam may soon dull, the price charts indicate.

Notably, the new cryptocurrency, a bitcoin spinoff with a protocol designed to make mining more democratic, has now become the fifth largest cryptocurrency by market capitalization.

Yet, despite a rally to a high of $413.74 on Nov. 24, and a doubling of prices since Nov. 19, BTG faces plenty of skepticism in the investor community over its real-world role. Comments on social media indicate the investors feel the token is overvalued, with few (or no) apparent use cases…

Read Full: Short-Lived Shine? Bitcoin Gold Could Fall Under $300 – CoinDesk