DubaiCoin (DBIX) Market Capitalization Achieves $5.12 Million

DubaiCoin (CURRENCY:DBIX) traded up 1,078.2% against the US dollar during the one day period ending at 14:00 PM ET on November 25th. One DubaiCoin coin can now be bought for $1.20 or 0.00003094 BTC on major exchanges. During the last seven days, DubaiCoin has traded 1,027.6% higher against the US dollar. DubaiCoin has a market cap of $5.12 million and $552,181.00 worth of DubaiCoin was traded on exchanges in the last day.

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

  • Waves (WAVES) traded 4.4% higher against the dollar and now trades at $20.72 or 0.00035088 BTC.
  • Qtum (QTUM) traded up 17.6% against the dollar and now trades at $16.76 or 0.00028390 BTC.
  • WhiteCoin (XWC) traded 0% higher against the dollar and now trades at $0.91 or 0.00001542 BTC.
  • Lisk (LSK) traded up 18.1% against the dollar and now trades at $3.93 or 0.00006655 BTC.
  • BitBay (BAY) traded 0% higher against the dollar and now trades at $0.18 or 0.00001849 BTC.
  • Sentinel Protocol (UPP) traded up 8.9% against the dollar and now trades at $0.22 or 0.00000380 BTC.
  • Neblio (NEBL) traded 34.1% higher against the dollar and now trades at $1.61 or 0.00002724 BTC.
  • Nxt (NXT) traded 0.4% higher against the dollar and now trades at $0.0160 or 0.00000027 BTC.
  • Blocknet (BLOCK) traded down 0.4% against the dollar and now trades at $1.05 or 0.00001780 BTC.
  • Radium (RADS) traded 167.5% higher against the dollar and now trades at $2.07 or 0.00008889 BTC.

DubaiCoin Coin Profile

DubaiCoin (CRYPTO:DBIX) is a proof-of-work (PoW) coin that uses the Proof of Stake hashing algorithm. Its genesis date was February 20th, 2016. DubaiCoin’s total supply is 4,263,172 coins. DubaiCoin’s official website is www.arabianchain.org. DubaiCoin’s official Twitter account is @DubaiCoin_org and its Facebook page is accessible here. The Reddit community for DubaiCoin is /r/ArabianChain and the currency’s Github account can be viewed here.

According to CryptoCompare, “DBIX is an advanced version of DubaiCoin with improved security and greater efficiency to support money transfers and global payments, along with fueling the Arabian Chain platform. It's a Proof of Work cryptocurrency based on the Dagger-Hashimoto algorithm. “

Buying and Selling DubaiCoin

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

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