A brief look at the current market situation yields a disheartening sight with the top 10 coins and tokens showing signs of trouble despite the total market capitalization holding steady at around $433 Billion. Bitcoin (BTC) is currently trading at $9,303; Ethereum (ETH) is currently at $750; Ripple (XRP) is holding strong at $0.80. Outside the top 3, one coin stands out: DigiByte (DGB).
DGB is currently ranked 50th on coinmarketcap.com. It is currently trading at $0.0476 with a 7.43% increment in 24 hours. This is quite impressive for a coin that is reasonably priced under a dollar and less than ten cents. The current total supply stands at 21 Billion DGB. This figure is 21% of the number of Tron tokens in circulation. Its circulating supply is 10.227 Billion which is another 15.5% of the total number of TRX in circulation. This means that were the demand of DGB be considerable, then it would be a matter of time before that 47 cent value increases to $1.
So what exactly is DigiByte (DGB)?
DGB is a more secure, faster and forward thinking blockchain technology. These three key concepts are what makes the ‘small’ coin stand out from all the other coins and tokens making headlines on a daily basis.
In terms of decentralization, the DigiByte blockchain is spread over 200,000 servers, computers, phones, and nodes worldwide. It is capable of being connected to the Internet of Things via devices such as the aforementioned phones. This allows it to be a prime candidate for Artificial Intelligence adoption as the technology progresses.
The blockchain uses 5 secure and advanced algorithms thereby avoiding centralization of mining compared to single algorithm blockchains. The blockchain implements Digishield and Miltishield to protect itself from malicious attacks. The blockchain is also fast with a 15-second block timing speed. It even integrated SegWit before any other blockchain project.
So why buy in or use its features?
Firstly, it is reasonably priced at under 10 cents.
Secondly, previous market performance has seen the coin reach values of $0.129 on January 6th. This means that the coin can pack a punch in the markets.
Thirdly, DGB is a hidden gem amongst the over 1,500 coins and tokens out there.
A fourth reason to get some DGB is the availability of its Wallet on several noteworthy platforms. It is available on both 64 bit and 32-bit versions of Windows and Linux; available on Mac; available on Android; and available on DigiByte Go Wallet which is a Chrome extension. It is also compatible with the 3rd party wallets of Coinami, Nano Ledger S, Trezor and Exodus.
In a nutshell, DigiByte is a hidden gem in the cryptocurrency markets that has a promising future through its amazing capabilities.
For the latest cryptocurrency news, join our Telegram!
Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.
Image courtesy of Pexels
Globalcoinreport.com/ is author of this content, TheBitcoinNews.com is is not responsible for the content of external sites.
TheBitcoinNews.com is here for you 24/7 to keep you informed on everything crypto. Like what we do? Tip us some BAT
Send Tip now!