DigiByte (DGB) 24-Hour Volume Reaches $1.53 Million

DigiByte (DGB) traded 4.1% higher against the U.S. dollar during the 24 hour period ending at 7:00 AM ET on January 4th. One DigiByte coin can currently be purchased for about $0.0063 or 0.00000007 BTC on major cryptocurrency exchanges. Over the last week, DigiByte has traded up 1.3% against the U.S. dollar. DigiByte has a market capitalization of $113.27 million and approximately $1.53 million worth of DigiByte was traded on exchanges in the last 24 hours.

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

• Arweave (AR) traded 3.2% higher against the dollar and now trades at $3.96 or 0.00004345 BTC.
• Bitcoin (BTC) traded 1.8% higher against the dollar and now trades at $91,252.31 or 1.00000000 BTC.
• Dogecoin (DOGE) traded up 6.7% against the dollar and now trades at $0.15 or 0.00000166 BTC.
• Bitcoin Cash (BCH) traded 2.1% higher against the dollar and now trades at $648.63 or 0.00710813 BTC.
• Zcash (ZEC) traded 0% lower against the dollar and now trades at $508.02 or 0.00556719 BTC.
• UNUS SED LEO (LEO) traded down 3.4% against the dollar and now trades at $8.93 or 0.00009781 BTC.
• Monero (XMR) traded up 1.9% against the dollar and now trades at $435.68 or 0.00477442 BTC.
• Litecoin (LTC) traded up 1.4% against the dollar and now trades at $82.49 or 0.00090394 BTC.
• Ethereum Classic (ETC) traded up 3.2% against the dollar and now trades at $12.79 or 0.00014018 BTC.
• NyanCoin (NYAN) traded 2.2% lower 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. It launched on January 10th, 2014. DigiByte’s total supply is 18,083,120,306 coins and its circulating supply is 18,080,540,706 coins. The Reddit community for DigiByte is https://reddit.com/r/digibyte and the currency’s Github account can be viewed here. The official website for DigiByte is digibyte.org. The official message board for DigiByte is dgbforum.com. 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.”

Buying and Selling DigiByte

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

DGB/USD price chart by TradingView