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DigiByte Reaches Market Cap of $170.11 Million (DGB)

Financial News Live ·  Apr 18, 2023 11:53

DigiByte (DGB) traded up 4.4% against the U.S. dollar during the 24 hour period ending at 11:00 AM ET on April 18th. One DigiByte coin can now be purchased for about $0.0105 or 0.00000035 BTC on cryptocurrency exchanges. During the last seven days, DigiByte has traded up 6.7% against the U.S. dollar. DigiByte has a market cap of $170.11 million and approximately $6.98 million worth of DigiByte was traded on exchanges in the last 24 hours.

Here's how other cryptocurrencies have performed during the last 24 hours:

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  • Bitcoin (BTC) traded up 2.5% against the dollar and now trades at $30,172.96 or 1.00000000 BTC.
  • Dogecoin (DOGE) traded 2.5% higher against the dollar and now trades at $0.0939 or 0.00000311 BTC.
  • Litecoin (LTC) traded up 1.9% against the dollar and now trades at $101.37 or 0.00335950 BTC.
  • UNUS SED LEO (LEO) traded down 1.7% against the dollar and now trades at $3.41 or 0.00011308 BTC.
  • Ethereum Classic (ETC) traded up 1% against the dollar and now trades at $21.90 or 0.00072583 BTC.
  • Monero (XMR) traded 0.4% higher against the dollar and now trades at $162.01 or 0.00536924 BTC.
  • Bitcoin Cash (BCH) traded 0.9% higher against the dollar and now trades at $132.73 or 0.00439900 BTC.
  • DEI (DEI) traded up 0.1% against the dollar and now trades at $0.22 or 0.00000725 BTC.
  • Conflux (CFX) traded 2% higher against the dollar and now trades at $0.37 or 0.00001212 BTC.
  • Pax Dollar (USDP) traded down 0% against the dollar and now trades at $1.00 or 0.00003312 BTC.

DigiByte Coin Profile

DigiByte is a proof-of-work (PoW) coin that uses the Multiple hashing algorithm. It launched on January 12th, 2014. DigiByte's total supply is 16,165,856,322 coins. DigiByte's official Twitter account is @digibytecoin and its Facebook page is accessible here. DigiByte's official message board is dgbforum.com. DigiByte's official website is digibyte.org. The Reddit community for DigiByte is 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."

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 Changelly, Coinbase or Gemini. 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

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Disclaimer: This content is for informational and educational purposes only and does not constitute a recommendation or endorsement of any specific investment or investment strategy. Read more
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