DigiByte (DGB) Trading 6.7% Lower Over Last 7 Days

DigiByte (CURRENCY:DGB) traded down 7.5% against the U.S. dollar during the 24 hour period ending at 11:00 AM Eastern on October 27th. Over the last week, DigiByte has traded 6.7% lower against the U.S. dollar. One DigiByte coin can now be bought for approximately $0.0463 or 0.00000078 BTC on major cryptocurrency exchanges. DigiByte has a market cap of $685.49 million and $56.25 million worth of DigiByte was traded on exchanges in the last 24 hours.

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

  • Circuits of Value (COVAL) traded 24.9% lower against the dollar and now trades at $0.0123 or 0.00000021 BTC.
  • Quark (QRK) traded 4.3% lower against the dollar and now trades at $0.0344 or 0.00000058 BTC.
  • Primecoin (XPM) traded 4.8% lower against the dollar and now trades at $0.12 or 0.00000202 BTC.
  • Myriad (XMY) traded down 17.7% against the dollar and now trades at $0.0025 or 0.00000004 BTC.
  • TeeCoin (TEC) traded flat against the dollar and now trades at $0.0013 or 0.00000007 BTC.
  • Safari (SFR) traded down 0.6% against the dollar and now trades at $0.0063 or 0.00000014 BTC.

DigiByte Profile

DigiByte (DGB) is a proof-of-work (PoW) coin that uses the Multiple hashing algorithm. It was first traded on January 10th, 2014. DigiByte’s total supply is 14,790,237,128 coins. DigiByte’s official Twitter account is @digibytecoin and its Facebook page is accessible here. DigiByte’s official website is www.digibyte.io. The Reddit community for DigiByte is /r/Digibyte and the currency’s Github account can be viewed here. DigiByte’s official message board is dgbforum.com.

According to CryptoCompare, “Security: DigiByte uses five highly advanced cryptographic algorithms. Speed: DigiByte transaction notifications occur in 1-3 seconds, blocks are discovered every thirty seconds and transactions are fully confirmed every 3 minutes. Future planned upgrades will make these times even faster. Fees: Most DigiByte to DigiByte transactions are free or carry a very small network-mining fee to incentivize people to mine. Worldwide: DigiBytes are already stored, traded and transacted in over 89 countries. Decentralization: There is no need for a middleman or third party or central server. Re-Spend: Send DigiBytes you received to someone else in as little as three minutes. Finite Production: New DigiBytes are added to the network every thirty seconds through a process called mining as each new block (or grouping of transactions in a spreadsheet like format) is discovered by the network. Scarcity: 21 Billion DigiBytes will be created in 21 years. 1% Monthly New Minting Reduction: New DigiByte production decreases 1% every month. Mining: DigiByte mining is decentralized with five independent, highly secure mining algorithms. Adaptable, innovative & flexible: DigiByte is constantly adding new features & services to remain on the cutting edge of digital currency technology. Committed Development: DigiByte has been under constant, progressive development for over one year now with core development team members from all over the world. Millennial Acquisition Potential: DigiByte provides merchants, banks & other legacy institutions with a new means of acquiring & connecting with tech savvy millennial users. A Bright Future: DigiByte has many new & exciting projects underway to be released throughout 2015 to increase DigiByte utility and new user adoption across the globe. “

Buying and Selling DigiByte

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 Gemini, Coinbase or Changelly. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase DigiByte using one of the aforementioned exchanges.

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