DigiByte (DGB) Reaches Market Capitalization of $107.80 Million

DigiByte (DGB) traded 4.8% higher against the US dollar during the 24 hour period ending at 10:00 AM Eastern on October 27th. Over the last week, DigiByte has traded down 12% against the US dollar. DigiByte has a market cap of $107.80 million and approximately $1.86 million worth of DigiByte was traded on exchanges in the last 24 hours. One DigiByte coin can currently be bought for $0.0062 or 0.00000009 BTC on cryptocurrency exchanges.

Here’s how other cryptocurrencies have performed over the last 24 hours:

• Bitcoin (BTC) traded up 1.4% against the dollar and now trades at $67,660.41 or 1.00000000 BTC.
• Dogecoin (DOGE) traded 4.5% higher against the dollar and now trades at $0.14 or 0.00000206 BTC.
• Bitcoin Cash (BCH) traded 0.7% higher against the dollar and now trades at $351.04 or 0.00518825 BTC.
• UNUS SED LEO (LEO) traded 2.3% higher against the dollar and now trades at $6.11 or 0.00009031 BTC.
• Litecoin (LTC) traded up 3.1% against the dollar and now trades at $70.67 or 0.00104446 BTC.
• Monero (XMR) traded 1.8% higher against the dollar and now trades at $160.89 or 0.00237791 BTC.
• Ethereum Classic (ETC) traded 1.2% higher against the dollar and now trades at $18.33 or 0.00027095 BTC.
• Arweave (AR) traded up 0.9% against the dollar and now trades at $16.05 or 0.00023716 BTC.
• Bitcoin SV (BSV) traded 2% higher against the dollar and now trades at $46.00 or 0.00067983 BTC.
• NyanCoin (NYAN) traded 2.2% lower against the dollar and now trades at $2.40 or 0.00008809 BTC.

About DigiByte

DGB is a proof-of-work (PoW) coin that uses the Multiple hashing algorithm. It launched on January 12th, 2014. DigiByte’s total supply is 17,330,033,008 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 message board is dgbforum.com. DigiByte’s official Twitter account is @digibytecoin and its Facebook page is accessible here. The official website for DigiByte is digibyte.org.

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 possible to purchase alternative cryptocurrencies such as DigiByte directly using U.S. dollars. Investors seeking to acquire DigiByte should first purchase Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Coinbase, GDAX or Gemini. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase DigiByte using one of the aforementioned exchanges.

DGB/USD price chart by TradingView