DigiByte (DGB) Achieves Market Capitalization of $103.66 Million

DigiByte (DGB) traded 8% lower against the U.S. dollar during the one day period ending at 21:00 PM E.T. on August 4th. One DigiByte coin can now be purchased for $0.0060 or 0.00000011 BTC on popular cryptocurrency exchanges. Over the last week, DigiByte has traded down 19.6% against the U.S. dollar. DigiByte has a total market capitalization of $103.66 million and $7.28 million worth of DigiByte was traded on exchanges in the last day.

Here is how related cryptocurrencies have performed over the last day:

• Bitcoin (BTC) traded down 10.2% against the dollar and now trades at $54,363.05 or 1.00000000 BTC.
• Dogecoin (DOGE) traded 13.3% lower against the dollar and now trades at $0.0935 or 0.00000172 BTC.
• Bitcoin Cash (BCH) traded 15.5% lower against the dollar and now trades at $307.82 or 0.00566232 BTC.
• UNUS SED LEO (LEO) traded down 0.5% against the dollar and now trades at $5.63 or 0.00010363 BTC.
• Litecoin (LTC) traded 12.4% lower against the dollar and now trades at $56.53 or 0.00103982 BTC.
• Monero (XMR) traded down 2.2% against the dollar and now trades at $146.50 or 0.00269479 BTC.
• Ethereum Classic (ETC) traded down 13.1% against the dollar and now trades at $17.06 or 0.00031380 BTC.
• Arweave (AR) traded 16.2% lower against the dollar and now trades at $19.14 or 0.00035204 BTC.
• NyanCoin (NYAN) traded 2.2% lower against the dollar and now trades at $2.40 or 0.00008809 BTC.
• Bitcoin SV (BSV) traded down 13.1% against the dollar and now trades at $37.10 or 0.00068245 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 17,170,547,081 coins. 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. 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.”

DigiByte Coin Trading

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

DGB/USD price chart by TradingView