DGB Profile

DGB
 Crypto
  

USD 0.0076  0.000366  4.59%   

Market Performance
0 of 100
Odds Of Distress
Less than 29
DGB is trading at 0.007607 as of the 5th of December 2022, a -4.59 percent down since the beginning of the trading day. DGB has about a 29 % chance of experiencing some form of financial distress in the next two years of operation but has generated negative returns over the last 90 days. Cryptocurrency ratings for DGB are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 15th of December 2020 and ending today, the 5th of December 2022. Click here to learn more.
DGB is peer-to-peer digital currency powered by the Blockchain technology. More on DGB

Moving together with DGB

+0.89BTCBitcoinPairCorr
+0.86XMRMoneroPairCorr
DGB is an online market maker for p2p internet cash denominated as Cryptocurrency. DGB has been active in the last 3 months, and it is at this time trading with a bearish sentiment. Cryptocurrencies such as DGB 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 DGB 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.

DGB 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. DGB's investment highlights are automatically generated signals that are significant enough to complement your investing judgment regarding DGB or challenge it. These highlights can help you better understand the crypto position you are entering and avoid costly mistakes.
DGB generated a negative expected return over the last 90 days
DGB has high historical volatility and very poor performance
DGB has some characteristics of a very speculative cryptocurrency
DGB 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 12 exchanges in multiple currencies. A coin that has adopted the Bitcoin "21" figure but increased the supply to 21 billion - with over 5 algorithms to mine with (Scryt, Sha-256, Qubit, Skein, Groestl) - in order to keep mining local and in the hands of many. A 60 second block target, a 0.5% premine and a block retarget every 2.4 hrs or 244 blocks.DigiByte: Refers to the entire DigiByte network or a single monetary unit on the payment network. 21 billion DigiBytes will be created over 21 years.Block: A grouping of all transactions sent over the DigiByte network within a 30 second time frame. Think of a block as an excel spreadsheet that lists the address location of all DigiBytes at a given point in time in history. New DigiBytes are brought into circulation as each block is discovered on the network through a process called mining.Mining: Mining is how transactions are processed on the network. Anyone can become a miner by donating and using their desktop, laptop or mobile phone computing power to help process transactions on the DigiByte network. DigiByte has made this process even easier with our 3 click mining software for beginners.Blockchain: The DigiByte blockchain is the entire history of all blocks discovered on the network & therefore all transactions made on the network. Each block references the proceeding block all the way back to the beginning of the network to what is known as the genesis block. By linking blocks (spreadsheets) together an accurate, secure accounting of all up to date DigiByte ownership is made by decentralized consensus.
IndustryBlockchain-Specific Application
FINMAUtility
FCAUtility
AccessPermissionless
Collateralized AssetNo
SymbolDGB
Difficulty1.02 Billion
Technology Adoption RatingC+
Market Performance RatingE+
NameDGB
Proof TypePoW
Sponsoredfalse
Block Reward420.15
Block Time75.0
AlgorithmMultiple
Is Tradingtrue
Net Hashes Per Second58,170.33 Trillion
Asset Launch Date2014-01-12
Full NameDigiByte (DGB)
Asset Website Urlhttps://digibyte.io/
Block Number16.22 Million
Platform Typeblockchain
Coin NameDigiByte
Total Coins Mined15.84 Billion
DGB (DGB) is traded on CRYPTO Exchanges. DGB is peer-to-peer digital currency powered by the Blockchain technology.

DGB's Exchanges and Markets

ZBG Poloniex BitMart Binance DigiFinex LBank HitBTC Bitfinex Yobit Kucoin Graviex CoinEx

DGB Risk Profiles

Investors will always prefer to have the highest possible return on investment while minimizing volatility. DGB market risk premium is the additional return an investor will receive from holding DGB long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in DGB. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although DGB's alpha and beta are two of the key measurements used to evaluate DGB's performance over the market, the standard measures of volatility play an important role as well.

DGB Technical Analysis

When it comes to investing in cryptocurrency, such as DGB, the assumption holds that everything in the market that could affect the price of crypto is already reflected. Therefore, the price of DGB, which is currently traded at 0.007607, shows everything you need to know about DGB market value. You don't have to consider the fundamental factors that affect a crypto asset, such as DGB, to determine its price movements. However, the DGB's price action will always exhibit trends, even in random market movements, regardless of the timeframe you use - so DGB's future price movement is more likely to follow an established trend and the cryptocurrency technical analysis is one of the ways to project DGB's future price trend
Transformation
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DGB Against Markets

Picking the right benchmark for DGB crypto coin is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in DGB crypto coin price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for DGB is critical whether you are bullish or bearish towards DGB at a given time.

Be your own crypto manager

Our tools can tell you how much better you can do entering a position in DGB 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.

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Analyst Recommendations

Analyst recommendations and target price estimates broken down by several categories
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How to invest in DGB

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 DGB in four ways:

Buy DGB through an exchange

Get yourself a crypto wallet before embarking on your DGB 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 DGB. 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 DGB 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 DGB through a broker

If you don't want to store your DGB 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 DGB 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

Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked. Macroaxis thematic optimization helps investors identify companies most likely to benefit from changes or shifts in various micro-economic or local macro-level trends. Originating optimal thematic portfolios involves aligning investors' personal views, ideas, and beliefs with their actual investments.
Explore Thematic Ideas
Explore Investing Ideas  
Continue to Investing Opportunities. Note that the DGB information on this page should be used as a complementary analysis to other DGB's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Technical Analysis module to check basic technical indicators and analysis based on most latest market data.

Other Tools for DGB Crypto Coin

When running DGB price analysis, check to measure DGB's coin volatility and technical momentum indicators. We have many different tools that can be utilized to determine how healthy DGB is operating at the current time. Most of DGB's value examination focuses on studying past and present price actions to predict the probability of DGB's future price movements. You can analyze the coin against its peers and the financial market as a whole to determine factors that move DGB's coin price. Additionally, you may evaluate how adding DGB to your portfolios can decrease your overall portfolio volatility.
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