DigiByte (DGB) Reaches Market Cap of $102.32 Million

DigiByte (DGB) traded 5.3% lower against the dollar during the twenty-four hour period ending at 21:00 PM E.T. on October 25th. One DigiByte coin can now be purchased for $0.0059 or 0.00000009 BTC on popular exchanges. DigiByte has a market cap of $102.32 million and approximately $3.34 million worth of DigiByte was traded on exchanges in the last day. During the last seven days, DigiByte has traded 13% lower against the dollar.

Here is how other cryptocurrencies have performed during the last day:

• Bitcoin (BTC) traded 2.1% lower against the dollar and now trades at $66,480.91 or 1.00000000 BTC.
• Dogecoin (DOGE) traded down 5.7% against the dollar and now trades at $0.13 or 0.00000198 BTC.
• Bitcoin Cash (BCH) traded 3.7% lower against the dollar and now trades at $350.64 or 0.00527424 BTC.
• UNUS SED LEO (LEO) traded 1.4% lower against the dollar and now trades at $6.00 or 0.00009031 BTC.
• Litecoin (LTC) traded 2.5% lower against the dollar and now trades at $69.30 or 0.00104237 BTC.
• Monero (XMR) traded 0.4% higher against the dollar and now trades at $157.85 or 0.00237434 BTC.
• Ethereum Classic (ETC) traded 2.4% lower against the dollar and now trades at $18.33 or 0.00027572 BTC.
• Arweave (AR) traded 15.1% lower against the dollar and now trades at $15.47 or 0.00023273 BTC.
• Bitcoin SV (BSV) traded down 5.8% against the dollar and now trades at $45.39 or 0.00068269 BTC.
• NyanCoin (NYAN) traded down 2.2% against the dollar and now trades at $2.40 or 0.00008809 BTC.

DigiByte Profile

DigiByte is a proof-of-work (PoW) coin that uses the Multiple hashing algorithm. It launched on January 12th, 2014. DigiByte’s total supply is 17,327,106,709 coins. The Reddit community for DigiByte is https://reddit.com/r/digibyte and the currency’s Github account can be viewed here. DigiByte’s official Twitter account is @digibytecoin and its Facebook page is accessible here. The official website for DigiByte is digibyte.org. The official message board for DigiByte is dgbforum.com.

According to CryptoCompare, “DigiByte (DGB) is an open-source blockchain and asset creation platform, initiated as a fork of Bitcoin in October 2013. It uses five different algorithms to enhance security and comprises three layers: a smart contract “App Store,” a public ledger, and the core protocol with nodes for transaction relay. DigiByte differentiates itself from Bitcoin by diversifying security, speed, and capacity. It employs five separate algorithms to bolster security and prevent ASIC miners from gaining excessive control. DigiByte also introduced DigiAssets, a platform for launching digital assets, decentralized applications (DApps), and smart contracts, with DGB as its native token. Governance structures within DigiByte operate on a voluntary basis, emphasizing the principle that the network should remain open source and publicly accessible. Jared Tate, also known as “DigiMan,” is the creator of DigiByte.”

DigiByte Coin Trading

It is usually not possible to buy alternative cryptocurrencies such as DigiByte directly using US dollars. Investors seeking to trade DigiByte should first buy Ethereum or Bitcoin using an exchange that deals in US dollars such as Changelly, Gemini or GDAX. Investors can then use their newly-acquired Ethereum or Bitcoin to buy DigiByte using one of the aforementioned exchanges.

DGB/USD price chart by TradingView