DigiByte Crypto
| DGB Crypto | USD 0.01 0.0001 0.96% |
Performance9 of 100
| Risk Of DevaluationOver 74
|
DigiByte is trading at 0.0103 as of the 21st of November 2024, a 0.96 percent decrease since the beginning of the trading day. DigiByte has a very high chance of experiencing financial distress in the next few years of operation. It also did not have a very good performance during the last 90 trading days. Cryptocurrency ratings for DigiByte are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 2nd of December 2022 and ending today, the 21st of November 2024. Click here to learn more.
DGB is peer-to-peer digital currency powered by the Blockchain technology. More on DigiByte
Moving together with DigiByte Crypto Coin
DigiByte is a digital token from an online market maker for p-2-p internet money denominated as Cryptocurrency. DigiByte has been active in the last 3 months, and it is presently trading with a bearish sentiment. Cryptocurrencies such as DigiByte are digital assets that allow for secure payments and are represented by ledger entries internal to the system, generally referred to as a blockchain. Blockchain implementations use encryption algorithms and cryptographic techniques that safeguard entries in the ledger. Cryptocurrency assets such as DigiByte are becoming very popular among investors and have been praised for their portability, inflation resistance, and transparency. However, they face a lot of criticism, including lack of tax regulations, exchange rate volatility, and infrastructure vulnerabilities.
DigiByte Crypto Coin Highlights
Most cryptocurrency investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend or investor sentiment. DigiByte's investment highlights are automatically generated signals that are significant enough to complement your investing judgment regarding DigiByte or challenge it. These highlights can help you better understand the crypto position you are entering and avoid costly mistakes.
| Business Concentration | Technology, Cryptocurrency, Blockchain (View all Sectors) |
DigiByte is one of many evolving digital currencies in which encryption is used to regulate the generation of units of currency and verify the transactions independently of a central authority. It is traded on 7 exchanges in multiple currencies. DigiByte (DGB) is an open-source blockchain and asset creation platform, initiated as a fork of Bitcoin in October 2013. It uses five different algorithms to enhance security and comprises three layers: a smart contract “App Store, a public ledger, and the core protocol with nodes for transaction relay. DigiByte differentiates itself from Bitcoin by diversifying security, speed, and capacity. It employs five separate algorithms to bolster security and prevent ASIC miners from gaining excessive control. DigiByte also introduced DigiAssets, a platform for launching digital assets, decentralized applications (DApps), and smart contracts, with DGB as its native token. Governance structures within DigiByte operate on a voluntary basis, emphasizing the principle that the network should remain open source and publicly accessible. Jared Tate, also known as “DigiMan, is the creator of DigiByte. | |
| Algorithm | Multiple |
| Coin Type | DigiByte |
| Proof Type | PoW |
| Industry | Blockchain-Specific Application |
| FINMA | Utility |
| FCA | Utility |
| Access | Permissionless |
| Collateralized Asset | No |
| Symbol | DGB |
| Difficulty | 27.39 Million |
| Technology Adoption Rating | C+ |
| Market Performance Rating | E+ |
| Name | DGB |
| Sponsored | false |
| Block Reward | 320.95 |
| Asset Whitepaper Url | View |
| Block Time | 75.0 |
| Is Trading | true |
| Algorithm Type | sha-256 |
| Net Hashes Per Second | 1,568.45 Trillion |
| Asset Launch Date | 2014-01-10 |
| Full Name | DigiByte (DGB) |
| Asset Website Url | https://digibyte.org/ |
| Block Number | 20.38 Million |
| Platform Type | blockchain |
| Coin Name | DigiByte |
| Total Coins Mined | 17.38 Billion |
DigiByte (DGB) is traded on CRYPTO Exchanges. DGB is peer-to-peer digital currency powered by the Blockchain technology. The coin currently falls under 'Nano-Cap' category with a current market capitalization of 151.44 K. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate DigiByte's market, we take the total number of its shares issued and multiply it by DigiByte's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities.
DigiByte's Exchanges and Markets
HitBTC Yobit BitMart Binance DigiFinex CoinEx LBankDigiByte Risk Profiles
| Mean Deviation | 3.67 | |||
| Semi Deviation | 4.45 | |||
| Standard Deviation | 6.2 | |||
| Variance | 38.4 |
DigiByte Technical Analysis
When it comes to investing in cryptocurrency, such as DigiByte, the assumption holds that everything in the market that could affect the price of crypto is already reflected. Therefore, the price of DigiByte, which is currently traded at 0.0103, shows everything you need to know about DigiByte market value. You don't have to consider the fundamental factors that affect a crypto asset, such as DigiByte, to determine its price movements. However, the DigiByte's price action will always exhibit trends, even in random market movements, regardless of the timeframe you use - so DigiByte's future price movement is more likely to follow an established trend and the cryptocurrency technical analysis is one of the ways to project DigiByte's future price trendTransformation |
The output start index for this execution was zero with a total number of output elements of sixty-one. DigiByte Inverse Tangent Over Price Movement function is an inverse trigonometric method to describe DigiByte price patterns.
DigiByte Against Markets
Be your own crypto manager
Our tools can tell you how much better you can do entering a position in DigiByte without increasing your portfolio risk or giving up the expected return. As an individual cryptocurrency investor, you need to find a reliable way to track the performance of all your tokens in a consistent way. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall cryptocurrency portfolio.Did you try this?
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| All Next | Launch Module |
How to invest in DigiByte
You need to understand the risk of getting into digital currencies such as DGB before investing. The dangers of trading cryptocurrencies are mainly related to their volatility. They are high-risk, speculative, susceptible to errors and hacking, mostly unregulated, and can be affected by forks or other discontinuation events. As an investor, you must understand these perils before you start trading. You can get a long position in DigiByte in four ways:Buy DGB through an exchange
Get yourself a crypto wallet before embarking on your DigiByte journey. Crypto wallets exist as desktop applications, mobile apps, or websites, allowing you to secure your tokens or digital coins. Your crypto wallet stores the private keys to your tokens on the blockchain. Once you have a wallet, visit a reputable exchange and sign up for an account. You will need to complete the KYC process to be allowed to purchase DigiByte. But before you can buy the tokens, you have to provide a photo of your ID and proof of address, as well as a selfie. The platform will also require you to secure your account with 2FA before you can fund your account and buy the digital coins.Purchase fractions of DigiByte through an exchange
You don't have to buy a full token when starting out since DGB is divisible by several decimal places. This allows you to purchase tiny fractions worth cents, but because of network fees, most platforms have a minimum figure, such as $10. You can then build your portfolio with time as you gain more confidence and learn the ropes of crypto trading.Trade DigiByte through a broker
If you don't want to store your DigiByte Crypto Coin yourself for one reason or another, you can still trade through a broker. Brokers hold your tokens and trade frequently to generate profits. In addition, many brokerage platforms offer derivative products, such as contracts for difference, that enable you to speculate on price movements. Such products also allow brokers to accommodate leverage trading, potentially multiplying your profits.Invest in DGB through an exchange-traded fund (ETF)
You can also invest in DGB through an exchange-traded fund (ETF). This instrument helps track an asset or select assets. You can buy and sell them on stock exchanges, making them the best option for an average investor. Some ETFs may comprise several coins to spread risk across a portfolio. Such ETFs are created and controlled by picking a basket with several coins, while favoring those that have performed well in the recent past.Investing Ideas
In addition to having DigiByte in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Thematic Opportunities
Explore Investment Opportunities
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in DigiByte. Also, note that the market value of any cryptocurrency could be closely tied with the direction of predictive economic indicators such as signals in board of governors. You can also try the Economic Indicators module to top statistical indicators that provide insights into how an economy is performing.