DigiByte (DGB) Trading Down 6.6% Over Last Week

DigiByte (DGB) traded 4.2% lower against the US dollar during the 24 hour period ending at 15:00 PM E.T. on October 31st. In the last seven days, DigiByte has traded down 6.6% against the US dollar. One DigiByte coin can currently be bought for about $0.0058 or 0.00000008 BTC on exchanges. DigiByte has a total market cap of $101.42 million and approximately $2.11 million worth of DigiByte was traded on exchanges in the last day.

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

• Bitcoin (BTC) traded down 2.2% against the dollar and now trades at $70,293.74 or 1.00000000 BTC.
• Dogecoin (DOGE) traded down 3.4% against the dollar and now trades at $0.16 or 0.00000231 BTC.
• Bitcoin Cash (BCH) traded down 4.6% against the dollar and now trades at $354.33 or 0.00504073 BTC.
• UNUS SED LEO (LEO) traded 0% lower against the dollar and now trades at $6.05 or 0.00008612 BTC.
• Litecoin (LTC) traded down 4.1% against the dollar and now trades at $69.04 or 0.00098213 BTC.
• Monero (XMR) traded down 2.6% against the dollar and now trades at $157.70 or 0.00224348 BTC.
• Ethereum Classic (ETC) traded down 4.9% against the dollar and now trades at $18.53 or 0.00026363 BTC.
• Arweave (AR) traded down 7.4% against the dollar and now trades at $15.35 or 0.00021844 BTC.
• Bitcoin SV (BSV) traded down 0.1% against the dollar and now trades at $50.52 or 0.00071877 BTC.
• NyanCoin (NYAN) traded down 2.2% against the dollar and now trades at $2.40 or 0.00008809 BTC.

DigiByte Coin Profile

DigiByte (CRYPTO:DGB) is a proof-of-work (PoW) coin that uses the Multiple hashing algorithm. Its genesis date was January 12th, 2014. DigiByte’s total supply is 17,337,933,953 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 Twitter account is @digibytecoin and its Facebook page is accessible here. DigiByte’s official website is digibyte.org. The official message board for DigiByte is dgbforum.com.

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 acquire DigiByte should first buy Ethereum or Bitcoin using an exchange that deals in US dollars such as Coinbase, Changelly 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