Bitcoin Gold (BTG) Rallies 140% as South Korea's Upbit Drives Mania, But Is It Too Little Too Late?

While numerous so-called ‘dino’ cryptocurrencies have begun to reawaken, the Bitcoin fork known as bitcoin gold (BTG) has experienced an astonishing rise of 140.31% within the last 24 hours.

Bitcoin fork bitcoin gold (BTG) saw a massive surge of 140.31% against the dollar on Saturday, outperforming other cryptocurrencies with a surge of over 140%.

This digital asset changed hands between $9.30 and $23.27 on Saturday, with the token emerging as the best performer in terms of overall percentage gains over the past 24 hours. Notably, BTG was the only cryptocurrency to achieve triple-digit growth.

The surge in BTG price comes as the cryptocurrency is set to be delisted from South Korea’s Upbit on Jan. 23. Despite the impending delisting, BTG remained the top coin on Upbit by a significant margin as the exchange saw a premium on the token.

For instance, the weighted global exchange rate for BTG stood at $19.01, while on Upbit, it fetched $24.75. Moreover, upbit recorded $1.31 billion in BTG transactions over the last day.

In contrast, on the rival exchange Bithumb, BTG traded at $18.90 without a premium, but it was still the most traded coin on the exchange with bithumb observing $232 million in BTG trades over the last 24 hours.

Overall, the majority of BTG’s trading volume still originated from South Korea. Notably, the last time BTG saw a strong surge was in June 2023, when the token rallied by 125% in 24 hours.