DigiByte (DGB)

Market Cap

$105,451,664 USD

Volume (24h)

$1,735,473 USD

5.1

SAFETY

Ranking factors:

Markets

How many exchanges are there to trade this coin?

DigiByte Markets Rank: 12/100
Volume Ratio

How actively is this asset being traded on the market?

DigiByte Volume Ratio Rank: 2/100
Market Cap

The total cost of all coins available.

DigiByte Market Cap Rank: 98/100
24h Change

Is the price moving up or down?

DigiByte 24h Change Rank: 48/100
Social Following

How many users are following this coin?

DigiByte Social Following Rank: 98/100
Google Trends

How many users are searching for the coin?

DigiByte Google Trends Rank: 38/100
Twitter Citation

How many users are talking about this coin in Twitter?

DigiByte Twitter Citation Rank: 100/100
User Voting

How popular is this coin among Cointobuy community?

DigiByte User Voting Rank: 100/100

DigiByte investment analysis

DGB is one of the early blockchain inspirations, built back then in 2014 few years after the bitcoin network was established; it was created essentially for the core security processes of blockchain parameters like digital assets, currency payments, and decentralized applications.

DigiByte investment opportunity is indeed a unique one, its technology is one to be reckoned with and has a variety of attractive features that any investor can risk a stake with. Most importantly is how dividing its core into three essential units, with each compartmentalized to serve a cooperative function gives it a robust outlook.

Each of the layers has been specifically designed to rigidly accommodate the scalability potential of their platform and further ensuring future developments sustain the security features of the products – the blockchain itself and the dApps that use their network.

How to buy?

$0.008662

+83%

$0.015849

18/2024

by Safety

1553/2024

by Profit

How to buy DigiByte?

Buy DigiByte from over 35 markets trading on 22 exchange markets. This crypto asset has fair liquidity on most of the markets and shouldn’t be that hard to obtain. You can buy DGB coin using any of the following trade pairs: BTC, DOGE, ETH, LTC, TRY, KMD, USDT, GBP, EUR, INR, or USD. You can buy directly using your credit card or get BTC or any of the alt pairs first and then exchange with the asset. It feels safer to store it off the exchange platform.

Digibyte has its own wallet client, once you’ve bought the coin, you can transfer it to the wallet. The wallet client can be downloaded from their website and are available for Windows OS, Mac OS, Linux. They are developing other versions compatible with Android and IOS mobile versions. Other options will include 3rd party apps or hardware like the Trezor or Ledger Nano.

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One thing I can say specifically about this coin is that like many other cryptocurrencies, it has gone through the rough stages of growth and faced many challenges and still remained on top of its game.

Here are some other reasons as highlights to why you can invest in DGB coin:

Digibytes’ Digishield is a proprietary cybersecurity protocol that has been adopted by a few other decentralized systems and has become their core.
It also has an impressive development network support to carry out its mining functions and keep the nodes and entire decentralized system alive.
DGB is much faster and easier to transact with when you compare it with legacy blockchains like bitcoin blockchain.
It has a very complex variation of mining adaptations suitable to different hardware configurations and requirements. This alone makes mining very attractive, and compensatory.
They are using their core advantages to address one of the neglected and viable payment service niche – the micro payment/micro transaction market hubs.
They have been in existence for a while now and this puts them at a credible trust level.
Another outstanding feature is the resilient framework built to prevent a 51% attack which is one of the most dreaded fate of decentralized mining processes.

As for mining, due to the fact that it can accommodate about 5 different hashing algorithms of different architectural designs including GPUs, we can be sure that mining of the cryptocurrency will last for a long time.

Talking about use cases, there are various ways in which this asset becomes useful to the real-world applications and has quite the range of interest sectors, for example, DiguSign, which uses the blockchain to assert the on the credibility and legitimacy of documents that are digitally signed and logged onto the blockchain. With a technology like this, validity and authenticity is more guaranteed and can generate huge impacts in many financial and legal sectors.

Being an undervalued cryptocurrency, I would say that this coin has the advantage of surprise, such that, it can eventually moon at any given time without prior notice or speculative foresight.

However, the underlying technology and their composite framework are sure proof enough that they have something of value to present to the decentralized market; a little more than a speculative coin, or one that depends on pump and dump activities.

But when all is said and done, this asset is more suited for a long-term investment.

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