DigiByte (DGB) Reaches 24 Hour Trading Volume of $1.55 Million

DigiByte (DGB) traded 0.4% lower against the US dollar during the twenty-four hour period ending at 8:00 AM Eastern on June 1st. DigiByte has a market capitalization of $58.59 million and approximately $1.55 million worth of DigiByte was traded on exchanges in the last day. One DigiByte coin can now be purchased for about $0.0032 or 0.00000004 BTC on popular cryptocurrency exchanges. In the last week, DigiByte has traded down 9.5% against the US dollar.

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

• Arweave (AR) traded 0.3% higher against the dollar and now trades at $2.24 or 0.00003083 BTC.
• Bitcoin (BTC) traded 2.1% lower against the dollar and now trades at $72,668.93 or 1.00000000 BTC.
• Dogecoin (DOGE) traded 0.7% lower against the dollar and now trades at $0.1000 or 0.00000138 BTC.
• UNUS SED LEO (LEO) traded down 0.6% against the dollar and now trades at $9.99 or 0.00013752 BTC.
• Zcash (ZEC) traded 0.3% lower against the dollar and now trades at $545.60 or 0.00750802 BTC.
• Monero (XMR) traded up 1.2% against the dollar and now trades at $367.14 or 0.00505224 BTC.
• Bitcoin Cash (BCH) traded 8% lower against the dollar and now trades at $281.09 or 0.00386806 BTC.
• Litecoin (LTC) traded 2.3% lower against the dollar and now trades at $51.02 or 0.00070208 BTC.
• Ethereum Classic (ETC) traded 1.7% lower against the dollar and now trades at $8.07 or 0.00011102 BTC.
• NyanCoin (NYAN) traded down 2.2% against the dollar and now trades at $2.40 or 0.00008809 BTC.

About DigiByte

DigiByte 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 18,313,393,255 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. The official website for DigiByte 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, “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 currently possible to purchase alternative cryptocurrencies such as DigiByte directly using US dollars. Investors seeking to acquire DigiByte should first purchase Bitcoin or Ethereum using an exchange that deals in US dollars such as GDAX, Changelly or Coinbase. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase DigiByte using one of the exchanges listed above.

DGB/USD price chart by TradingView