DigiByte (DGB) Market Capitalization Achieves $130.47 Million

DigiByte (DGB) traded up 1.2% against the dollar during the 24-hour period ending at 9:00 AM E.T. on July 27th. One DigiByte coin can currently be bought for $0.0076 or 0.00000011 BTC on major exchanges. In the last seven days, DigiByte has traded 8.8% lower against the dollar. DigiByte has a market cap of $130.47 million and approximately $5.99 million worth of DigiByte was traded on exchanges in the last 24 hours.

Here’s how similar cryptocurrencies have performed in the last 24 hours:

• Bitcoin (BTC) traded 2% higher against the dollar and now trades at $68,956.81 or 1.00000000 BTC.
• Dogecoin (DOGE) traded 5% higher against the dollar and now trades at $0.14 or 0.00000198 BTC.
• Bitcoin Cash (BCH) traded 3.5% higher against the dollar and now trades at $387.16 or 0.00561534 BTC.
• UNUS SED LEO (LEO) traded down 0.3% against the dollar and now trades at $5.81 or 0.00008429 BTC.
• Litecoin (LTC) traded 1% higher against the dollar and now trades at $71.90 or 0.00104280 BTC.
• Ethereum Classic (ETC) traded up 2.5% against the dollar and now trades at $23.17 or 0.00033608 BTC.
• Monero (XMR) traded 0.6% lower against the dollar and now trades at $163.80 or 0.00237581 BTC.
• Arweave (AR) traded up 6.6% against the dollar and now trades at $32.69 or 0.00047414 BTC.
• Bitcoin SV (BSV) traded 5.3% higher against the dollar and now trades at $46.39 or 0.00067277 BTC.
• NyanCoin (NYAN) traded 2.2% lower against the dollar and now trades at $2.40 or 0.00008809 BTC.

DigiByte Coin Profile

DGB is a proof-of-work (PoW) coin that uses the Multiple hashing algorithm. It was first traded on January 12th, 2014. DigiByte’s total supply is 17,154,068,497 coins. The official website for DigiByte is digibyte.org. DigiByte’s official Twitter account is @digibytecoin and its Facebook page is accessible here. DigiByte’s official message board is dgbforum.com. The Reddit community for DigiByte is https://reddit.com/r/digibyte and the currency’s Github account can be viewed here.

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.”

Buying and Selling DigiByte

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

DGB/USD price chart by TradingView