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DigixDAO (DGD) Analysis

Market Cap

$10,217,131 USD

Volume (24h)

$63,706 USD

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3.2
SAFETY

Ranking factors:

  • Markets

    How many exchanges are there to trade this coin?

    DigixDAO Markets Rank: 1/100

  • Volume Ratio

    How actively is this asset being traded on the market?

    DigixDAO Volume Ratio Rank: 1/100

  • Market Cap

    The total cost of all coins available.

    DigixDAO Market Cap Rank: 90/100

  • 24h Change

    Is the price moving up or down?

    DigixDAO 24h Change Rank: 50/100

  • Google Trends

    How many users are searching for the coin?

    DigixDAO Google Trends Rank: 25/100

  • Twitter Citation

    How many users are talking about this coin in Twitter?

    DigixDAO Twitter Citation Rank: 4/100

  • User Voting

    How popular is this coin among Cointobuy community?

    DigixDAO User Voting Rank: 92/100

DigixDAO investment analysis

DigixDAO is probably one of the most undervalued types of investment there is in the decentralized world. As many projects today have found a habit of pegging their digital startups to real-world assets, it becomes easy for the project to remain relevant in the market.

DGD is a gold-tracking asset linked to cryptocurrency, they have achieved the tokenization of precious metal - gold on Ethereum blockchain and are using a proof of asset protocol along sides IPFS that helps in proofing real assets and establish rightful owners with the advantages of decentralized ledger technology.

Why bitcoin may have been touted to be the digital gold of this century, there may have been an undervalued cryptocurrency – Digix – whose worth may be more than the commendation BTC receives.

The development team is made of experts and experienced craftsmen; leading the team is Former Chairman and CEO of Fujitsu Asia Pte Ltd; using his IT expertise and business experience to uphold the project.

DigixDAO investment price
$68.69
DigixDAO expected Profit

The tool analyzes each currency for the 6-month historical price data, searches for possible patterns and showing possible profit rate in the coming months.

+33.9%
DigixDAO Potential Price

The tool analyzes each currency for the 6-month historical price data, searches for possible patterns and showing the possible price in the coming months.

$92
DigixDAO Rating

The current coin position in cryptocurrency rankings by Safety Rank and Potential Profit.

594/3237
by Safety
2493/3237
by Profit
historical data

How to buy DigixDAO?

For you to buy DGD, you have very few trade base pairs, basically BTC, ETH and USDT, although one exchange trades to BCH. However, there are about 10 exchanges with over 20 markets where the coin is being traded and shouldn’t prove tough to get. But it is important to note that buying from a more liquid market is favorable as people often times don’t like to trade for a coin on a market with low liquidity.

Storing the coin isn’t difficult, as they have their own client-side wallet that can be downloaded and installed, they also have a compilation version on GitHub. Their cold storage wallet – Digix’s Aegis Vault is also an option to store your Ethereum based assets including the DGD coin.

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Is it safe to invest in DGD now?

The need for stability in the cryptocurrency sphere demands that a more reliable and tamper-proof system be developed to control the levels of the volatility of crypto. Bitcoin as the first decentralized cryptocurrency has so much volatility and even though it is more patronized, continues to harm investors in so many ways.

The DigixDAO platform has created a marketplace for the Gold bullion, by pegging the crypto-coin to a gram of gold. They created a unique value for the asset correspondingly which forms a tide against volatility. So basically, the DGD acts as a legitimate digital index for the quality assurance and issuance of gold, while it can also be used to obtain real assets too.

Anyone who invests in DGD, can be sure to have a share in the precious metals industry – well technically, what you would be having is a share in its proof of asset and authenticity of this physical property. There are no easier ways to get gold investments than through this digital token, as it also provides a unique marketplace for the transaction of gold commodities and also a decentralized mechanism with a bunch of high-end technological verification systems to ensure that businesses done with metal using the Digix platform is efficiently authenticated.

Some of the reasons why I think it is an excellent idea for you to invest in will include the fact that they are using a precious physical resource to create a solid investment stream. Gold as we all know it has so much value in the precious metal industry and has a wide range of applications in the real world.

If there is a way to digitally assess gold and profit from the process, DigixDAO is pointing in that direction. Moreover, there are tons of benefits that come with investing in DGD, some of which will include a hedging opportunity for other cryptocurrencies to digix coin.

The project seems to have attracted so much attention on the social media platforms, with Twitter followers numbering more than 12,600 followers and counting; Discord community channel registering over 2500 members. They have quite the followership on many other social platforms.

The success of the project has created an opportunity for them to appreciate in value on the cryptomarket. The future of the startup is a very rewarding one, and investors can expect so much more from the platform as it continues to grow and expands its influence.

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