Bitgem Price Spikes Over Confusion with Bitcoin Gold

Lowly ranked altcoin, Bitgem, recently spiked in price from under $1 to $9. Bitgem has been around since 2013 and apart from a brief rise to $13 that year, it has spent the majority of the time since trading for mere pennies. That is, until now.

Bitgem uses the ticker BTG, which just happens to be identical to the ticker adopted by the recent Bitcoin hardfork, Bitcoin Gold. This has obviously caused confusion amongst some investors who have unwittingly purchased Bitgem instead of Bitcoin Gold. 

My guess is that when these people realize they've got the wrong BTG they're likely to be 'tickered-off' :)

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