DigiByte (DGB) Reaches 24-Hour Volume of $2.36 Million

DigiByte (DGB) traded down 0.8% against the U.S. dollar during the 24 hour period ending at 8:00 AM E.T. on August 4th. In the last seven days, DigiByte has traded 1.4% lower against the U.S. dollar. One DigiByte coin can currently be purchased for about $0.0037 or 0.00000006 BTC on cryptocurrency exchanges. DigiByte has a market capitalization of $67.70 million and approximately $2.36 million worth of DigiByte was traded on exchanges in the last day.

Here’s how other cryptocurrencies have performed in the last day:

• Arweave (AR) traded 2.7% higher against the dollar and now trades at $1.82 or 0.00002843 BTC.
• Bitcoin (BTC) traded 1.9% higher against the dollar and now trades at $63,877.39 or 1.00000000 BTC.
• Dogecoin (DOGE) traded up 1.4% against the dollar and now trades at $0.0704 or 0.00000110 BTC.
• UNUS SED LEO (LEO) traded down 0.1% against the dollar and now trades at $9.74 or 0.00015248 BTC.
• Zcash (ZEC) traded 1.3% higher against the dollar and now trades at $488.51 or 0.00764765 BTC.
• Monero (XMR) traded up 0.6% against the dollar and now trades at $362.75 or 0.00567885 BTC.
• Bitcoin Cash (BCH) traded 1.8% higher against the dollar and now trades at $213.77 or 0.00334651 BTC.
• Litecoin (LTC) traded 0.3% higher against the dollar and now trades at $44.27 or 0.00069297 BTC.
• Ethereum Classic (ETC) traded 0.5% higher against the dollar and now trades at $6.59 or 0.00010317 BTC.
• NyanCoin (NYAN) traded down 2.2% 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. Its launch date was January 8th, 2014. DigiByte’s total supply is 18,411,546,211 coins and its circulating supply is 18,080,540,706 coins. The Reddit community for DigiByte is https://reddit.com/r/digibyte and the currency’s Github account can be viewed here. The official message board for DigiByte is medium.com/@digibyte_official. 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 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 Gemini, Coinbase or GDAX. Investors can then use their newly-acquired Ethereum or Bitcoin to buy DigiByte using one of the exchanges listed above.

DGB/USD price chart by TradingView