1 Level
5 Review
3 Karma
Review on DigiByte by Young Gautreaux
DGB is relatively centralized, with nearly 70% of the coins held in the top 1…
DGB is relatively centralized, with nearly 70% of the coins held in the top 1,000 wallets (this also accounts for exchanges). There are limited data about the hashrate, but DGB is still mineable. It uses the Skein mining algorithm, which is still suitable mostly for GPUs, with talk of ASIC rigs in the making. overall is good project should join now
Pros
- DBG was one of the faster climbers on Monday, doubling its price in the past two weeks from recent lows to reach $0.04. Trading volumes have grown several times compared to last month’s levels, and the uptick may continue for a while. While there is no talk of a dramatic bull market, DGB may be one of the coins climbing independently even in the current bear environment
Cons
- Based on total supply, DGB is relatively low-priced. Compared to TRON (TRX), which has a total supply of 100 billion, there are just 10 billion DGB. Verge (XVG), whose supply stands at 15 billion, is currently in a lower price range at around $0.02. DGB is growing gradually, and in some ways also resembles Bytecoin (BCN) – another older coin gaining a fan base for being a relatively low-priced and accessible asset that can also be used for payments
