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DigiByte (DGB) Trading 8.7% Lower This Week

Financial News Live ·  May 3, 2023 11:33

DigiByte (DGB) traded 2.2% lower against the dollar during the 1 day period ending at 11:00 AM ET on May 3rd. One DigiByte coin can now be bought for about $0.0089 or 0.00000032 BTC on cryptocurrency exchanges. DigiByte has a market capitalization of $144.60 million and approximately $1.72 million worth of DigiByte was traded on exchanges in the last day. During the last week, DigiByte has traded down 8.7% against the dollar.

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

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  • Bitcoin (BTC) traded 0.9% lower against the dollar and now trades at $28,292.55 or 1.00000000 BTC.
  • Dogecoin (DOGE) traded down 1.2% against the dollar and now trades at $0.0776 or 0.00000274 BTC.
  • Litecoin (LTC) traded down 2.9% against the dollar and now trades at $86.10 or 0.00304312 BTC.
  • UNUS SED LEO (LEO) traded up 1.7% against the dollar and now trades at $3.68 or 0.00013021 BTC.
  • Monero (XMR) traded down 1.4% against the dollar and now trades at $152.41 or 0.00538707 BTC.
  • Ethereum Classic (ETC) traded down 1.3% against the dollar and now trades at $18.93 or 0.00066909 BTC.
  • Bitcoin Cash (BCH) traded down 1.9% against the dollar and now trades at $116.50 or 0.00411784 BTC.
  • DEI (DEI) traded 34.1% higher against the dollar and now trades at $0.34 or 0.00001197 BTC.
  • Conflux (CFX) traded 1.4% lower against the dollar and now trades at $0.31 or 0.00001087 BTC.
  • NyanCoin (NYAN) traded 2.2% lower against the dollar and now trades at $2.40 or 0.00008809 BTC.

DigiByte Profile

DigiByte (CRYPTO:DGB) is a proof-of-work (PoW) coin that uses the Multiple hashing algorithm. It was first traded on January 12th, 2014. DigiByte's total supply is 16,200,341,110 coins. DigiByte's official website is digibyte.org. DigiByte's official message board is dgbforum.com. The Reddit community for DigiByte is and the currency's Github account can be viewed here. DigiByte's official Twitter account is @digibytecoin and its Facebook page is accessible 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."

DigiByte Coin Trading

It is usually not presently possible to purchase alternative cryptocurrencies such as DigiByte directly using U.S. dollars. Investors seeking to acquire DigiByte should first purchase Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Coinbase, GDAX 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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