DigiByte (DGB) Trading Up 6.6% Over Last Week

DigiByte (CURRENCY:DGB) traded 2.3% higher against the US dollar during the twenty-four hour period ending at 22:00 PM E.T. on November 25th. One DigiByte coin can now be bought for about $0.0510 or 0.00000088 BTC on popular exchanges. DigiByte has a total market capitalization of $758.89 million and $36.96 million worth of DigiByte was traded on exchanges in the last day. During the last week, DigiByte has traded up 6.6% against the US dollar.

Here is how similar cryptocurrencies have performed during the last day:

  • Circuits of Value (COVAL) traded up 1.6% against the dollar and now trades at $0.0321 or 0.00000055 BTC.
  • Primecoin (XPM) traded 11% higher against the dollar and now trades at $0.12 or 0.00000213 BTC.
  • Myriad (XMY) traded 19.1% lower against the dollar and now trades at $0.0023 or 0.00000004 BTC.
  • Quark (QRK) traded 141.8% higher against the dollar and now trades at $0.0070 or 0.00000012 BTC.
  • TeeCoin (TEC) traded flat against the dollar and now trades at $0.0013 or 0.00000007 BTC.
  • Safari (SFR) traded down 3.2% against the dollar and now trades at $0.0012 or 0.00000002 BTC.

DigiByte Profile

DigiByte (DGB) is a proof-of-work (PoW) coin that uses the Multiple hashing algorithm. Its launch date was January 10th, 2014. DigiByte’s total supply is 14,873,141,315 coins. DigiByte’s official website is www.digibyte.io. The Reddit community for DigiByte is /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. The official message board for DigiByte is dgbforum.com.

According to CryptoCompare, “Security: DigiByte uses five highly advanced cryptographic algorithms. Speed: DigiByte transaction notifications occur in 1-3 seconds, blocks are discovered every thirty seconds and transactions are fully confirmed every 3 minutes. Future planned upgrades will make these times even faster. Fees: Most DigiByte to DigiByte transactions are free or carry a very small network-mining fee to incentivize people to mine. Worldwide: DigiBytes are already stored, traded and transacted in over 89 countries. Decentralization: There is no need for a middleman or third party or central server. Re-Spend: Send DigiBytes you received to someone else in as little as three minutes. Finite Production: New DigiBytes are added to the network every thirty seconds through a process called mining as each new block (or grouping of transactions in a spreadsheet like format) is discovered by the network. Scarcity: 21 Billion DigiBytes will be created in 21 years. 1% Monthly New Minting Reduction: New DigiByte production decreases 1% every month. Mining: DigiByte mining is decentralized with five independent, highly secure mining algorithms. Adaptable, innovative & flexible: DigiByte is constantly adding new features & services to remain on the cutting edge of digital currency technology. Committed Development: DigiByte has been under constant, progressive development for over one year now with core development team members from all over the world. Millennial Acquisition Potential: DigiByte provides merchants, banks & other legacy institutions with a new means of acquiring & connecting with tech savvy millennial users. A Bright Future: DigiByte has many new & exciting projects underway to be released throughout 2015 to increase DigiByte utility and new user adoption across the globe. “

Buying and Selling DigiByte

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

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