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Highlights
- The total and maximum supply of the DGB crypto is 15.2 billion and 21 billion tokens.
- The DGB crypto is listed on cryptocurrency exchanges for trading on Binance, DigiFinex, OKX, Upbit, and Bybit.
- At 2 AM EST, the market was trading in the green and total crypto market volume soared over 55 per cent.
The price of DigiByte (DGB) cryptocurrency was rallying on Monday morning as it gained investors' attention amid a surge in the overall cryptocurrency market.
At the time of drafting, the DGB crypto was up about 59 per cent to US$ 0.04008 per token and its volume had skyrocketed over 1,300 per cent to $495.6 million.
After declining rapidly in the past few weeks, the cryptocurrency market appears to be recovering and its market capitalization was up 5.3 per cent over the previous day to US$ 2.12 trillion.
At 2 AM EST, the market was trading in the green and total crypto market volume soared over 55 per cent. Meanwhile, top cryptocurrencies like Bitcoin and ETH were up 5.5 and 5.7 per cent, respectively.
What is DigiByte (DGB) crypto?
The open-source blockchain aims to use several algorithms to improve security, capacity, and transaction speed. It also acts as an asset creation platform and its native token DGB was created as a fork of Bitcoin.
The DigiByte protocol comprises three layers like a smart contract, a public ledger, and a main protocol consisting of nodes for relaying transactions.
According to its whitepaper, the DGB crypto has a maximum supply of 21 billion tokens, and they are expected to be fully mined by 2035. DigiByte claims to utilize five unique and independent algorithms unlike other blockchains using a single mining algorithm.
The sudden interest in the price of DGB crypto could be due to a tweet by Rudy Bouwman, who is the founder and chief blockchain operations officer at DigiCorp Labs.
Also Read: What is Celo crypto and why is its price skyrocketing?
DigiCorp Labs is the secured and decentralized metaverse powered by DigiByte blockchain. Mr Bouwman tweeted that the DGB crypto is the ultimate form of payment in the metaverse as it strikes a balance between speed, decentralization, and security.
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Bottom line
The total and maximum supply of the DGB crypto is 15.2 billion and 21 billion tokens. Meanwhile, the market cap of the DigiByte cryptocurrency is US$ 601.4 million.
The DGB crypto is listed on cryptocurrency exchanges for trading on Binance, DigiFinex, OKX, Upbit, and Bybit.
The cryptocurrency market is not like a traditional market and is more volatile in comparison. Therefore, it is important for an investor to assess the risk capacity before entering the market.
Also Read: What is Radix (XRD) crypto and why is it rising suddenly?
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