DigiByte (DGB) Trading 10% Lower This Week

DigiByte (DGB) traded down 6% against the US dollar during the 1 day period ending at 8:00 AM Eastern on October 7th. Over the last seven days, DigiByte has traded down 10% against the US dollar. DigiByte has a total market capitalization of $72.93 million and approximately $2.20 million worth of DigiByte was traded on exchanges in the last 24 hours. One DigiByte coin can currently be purchased for $0.0040 or 0.00000005 BTC on major exchanges.

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

• Arweave (AR) traded down 7.4% against the dollar and now trades at $4.27 or 0.00005115 BTC.
• Bitcoin (BTC) traded 3.2% lower against the dollar and now trades at $83,501.31 or 1.00000000 BTC.
• Zcash (ZEC) traded down 4.8% against the dollar and now trades at $1,305.24 or 0.01563133 BTC.
• Dogecoin (DOGE) traded 7% lower against the dollar and now trades at $0.0890 or 0.00000107 BTC.
• Monero (XMR) traded 1.7% lower against the dollar and now trades at $548.23 or 0.00656557 BTC.
• UNUS SED LEO (LEO) traded 0% lower against the dollar and now trades at $8.88 or 0.00010631 BTC.
• Bitcoin Cash (BCH) traded 4.6% lower against the dollar and now trades at $302.71 or 0.00362520 BTC.
• Litecoin (LTC) traded down 5% against the dollar and now trades at $66.96 or 0.00080186 BTC.
• Ethereum Classic (ETC) traded 6.2% lower against the dollar and now trades at $8.38 or 0.00010033 BTC.
• NyanCoin (NYAN) traded down 2.2% against the dollar and now trades at $2.40 or 0.00008809 BTC.

About DigiByte

DigiByte (CRYPTO:DGB) is a proof-of-work (PoW) coin that uses the Multiple hashing algorithm. Its genesis date was January 8th, 2014. DigiByte’s total supply is 18,505,020,442 coins and its circulating supply is 18,080,540,706 coins. DigiByte’s official Twitter account is @digibytecoin and its Facebook page is accessible here. DigiByte’s official message board is medium.com/@digibyte_official. DigiByte’s official website is digibyte.org. The Reddit community for DigiByte is https://reddit.com/r/digibyte and the currency’s Github account can be viewed here.

According to CryptoCompare, “A coin that has adopted the Bitcoin “21” figure but increased the supply to 21 billion – with over 5 algorithms to mine with (Scryt, Sha-256, Qubit, Skein, Groestl) – in order to keep mining local and in the hands of many. A 60 second block target, a 0.5% premine and a block retarget every 2.4 hrs or 244 blocks. DigiByte: Refers to the entire DigiByte network or a single monetary unit on the payment network. 21 billion DigiBytes will be created over 21 years. Block: A grouping of all transactions sent over the DigiByte network within a 30 second time frame. Think of a block as an excel spreadsheet that lists the address location of all DigiBytes at a given point in time in history. New DigiBytes are brought into circulation as each block is discovered on the network through a process called mining. Mining: Mining is how transactions are processed on the network. Anyone can become a miner by donating and using their desktop, laptop or mobile phone computing power to help process transactions on the DigiByte network. DigiByte has made this process even easier with our 3 click mining software for beginners. Blockchain: The DigiByte blockchain is the entire history of all blocks discovered on the network & therefore all transactions made on the network. Each block references the proceeding block all the way back to the beginning of the network to what is known as the genesis block. By linking blocks (spreadsheets) together an accurate, secure accounting of all up to date DigiByte ownership is made by decentralized consensus. Telegram, Facebook, LinkedIn, Instagram, YouTubeWhitepaper”

Buying and Selling DigiByte

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

DGB/USD price chart by TradingView