DGD Profile

DGD
 Crypto
  

USD 154.67  37.12  19.35%   

Market Performance
7 of 100
Odds Of Distress
Less than 1
DGD is trading at 154.67 as of the 26th of November 2022, a -19.35 percent down since the beginning of the trading day. DGD has a very small chance of experiencing financial distress in the next few years but had a somewhat ok performance during the last 90 days. Cryptocurrency ratings for DGD are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 27th of September 2022 and ending today, the 26th of November 2022. Click here to learn more.
DGD is peer-to-peer digital currency powered by the Blockchain technology. More on DGD
DGD is an online market maker for p-2-p internet money denominated as Cryptocurrency. DGD has been active in the last 3 months, and it is right now trading with a bearish sentiment. Cryptocurrencies such as DGD 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 DGD 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.

DGD 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. DGD's investment highlights are automatically generated signals that are significant enough to complement your investing judgment regarding DGD or challenge it. These highlights can help you better understand the crypto position you are entering and avoid costly mistakes.
DGD is way too risky over 90 days horizon
DGD appears to be risky and price may revert if volatility continues
DGD 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 6 exchanges in multiple currencies. Digix is an asset tokenization platform that puts gold asset ownership on the blockchain, making digital gold transferrable. Digix' ecosystem is powered by two native tokens: DGX and DGD. DGX is an ERC20 security token which democratizes access to gold. DGX represents physical gold where 1 DGX represents 1 gram of gold. The DGD token gives users the right to profits in the trading of DGX tokens which own the right to gold stored in a vault in Singapore. So if people trade 20 gold bars per day - the DGD token holders will have the profits of the commission from those trades distributed equally amongst themselves.DigixDAO’s Dissolution:Following the casting of votes by our community of DGD holders, the majority of DGD holders have voted for a dissolution of DigixDAO and to burn the remaining DGD in circulation, returning prorated amounts of ETH to token holders according to their DGD holdings.Read all about it here.
IndustryFinancial and Insurance Activities
FINMAUtility
FCAUtility
AccessPermissioned
Collateralized AssetNo
SymbolDGD
RatingD-
Technology Adoption RatingD-
Market Performance RatingD-
NameDGD
Sponsoredfalse
Built OnETH
Is Tradingtrue
Asset Launch Date2016-04-28
Full NameDigix DAO (DGD)
Asset Website Urlhttps://www.dgx.io/
Asset Token StatusFinished
Platform Typetoken
Coin NameDigix DAO
Total Coins Mined73,870.38
Smart Contract AddressView
DGD (DGD) is traded on CRYPTO Exchanges. DGD is peer-to-peer digital currency powered by the Blockchain technology.

DGD's Exchanges and Markets

Binance CoinBene Nuex HitBTC IDEX BigONE

DGD Target Price Odds Analysis

What are DGD's target price odds to finish over the current price? Depending on a normal probability distribution, the odds of DGD jumping above the current price in 90 days from now is about 58.66%. The DGD probability density function shows the probability of DGD crypto coin to fall within a particular range of prices over 90 days. Assuming the 90 days trading horizon DGD has a beta of -0.5258 suggesting as returns on benchmark increase, returns on holding DGD are expected to decrease at a much lower rate. During the bear market, however, DGD is likely to outperform the market. Moreover, the company has an alpha of 1.6327, implying that it can generate a 1.63 percent excess return over DOW after adjusting for the inherited market risk (beta).
  Odds Below 154.67HorizonTargetOdds Above 154.67
41.24%90 days
 154.67 
58.66%
Based on a normal probability distribution, the odds of DGD to move above the current price in 90 days from now is about 58.66 (This DGD probability density function shows the probability of DGD Crypto Coin to fall within a particular range of prices over 90 days) .

DGD Risk Profiles

Investors will always prefer to have the highest possible return on investment while minimizing volatility. DGD market risk premium is the additional return an investor will receive from holding DGD 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 DGD. 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 DGD's alpha and beta are two of the key measurements used to evaluate DGD's performance over the market, the standard measures of volatility play an important role as well.

DGD Technical Analysis

When it comes to investing in cryptocurrency, such as DGD, the assumption holds that everything in the market that could affect the price of crypto is already reflected. Therefore, the price of DGD, which is currently traded at 154.67, shows everything you need to know about DGD market value. You don't have to consider the fundamental factors that affect a crypto asset, such as DGD, to determine its price movements. However, the DGD's price action will always exhibit trends, even in random market movements, regardless of the timeframe you use - so DGD's future price movement is more likely to follow an established trend and the cryptocurrency technical analysis is one of the ways to project DGD's future price trend
Transformation
The output start index for this execution was zero with a total number of output elements of sixty-one. Cosine Of DGD Price Series is a trigonometric function that describes price patterns.
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DGD Against Markets

Picking the right benchmark for DGD 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 DGD 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 DGD is critical whether you are bullish or bearish towards DGD at a given time.

Be your own crypto manager

Our tools can tell you how much better you can do entering a position in DGD 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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Options Analysis

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How to invest in DGD

You need to understand the risk of getting into digital currencies such as DGD 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 DGD in four ways:

Buy DGD through an exchange

Get yourself a crypto wallet before embarking on your DGD 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 DGD. 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 DGD through an exchange

You don't have to buy a full token when starting out since DGD 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 DGD through a broker

If you don't want to store your DGD 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 DGD through an exchange-traded fund (ETF)

You can also invest in DGD 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 DGD 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 DGD information on this page should be used as a complementary analysis to other DGD'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 Options Analysis module to analyze and evaluate options and option chains as a potential hedge for your portfolios.

Other Tools for DGD Crypto Coin

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