DigixDAO DGD Token Analysis and Markets in 2020

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Last modified on 11. October 2020

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Quarters

Quick Facts

DigixDAO is a relatively large cryptocurrency. It had a market capitalization of nearly US$ 10.1 million on 1 October 2020, accounting for less than 0.01 percent of the digital currency market.¹^|2 DGD is its ticker symbol.

In May 2016, coinmarketcap.com started the tracking of real-time DigixDAO trading data.

community.digix.global

Quarterly Averages

This section presents the quarterly averages (trimester) for trading volume, market capitalization and trading price for 2017, 2018, 2019 and 2020.

Trading Volume & Market Capitalization

For example, the average trading volume of DigixDAO during the first trimester of 2019 equated to over US$ 536 k per day. This figure came to over US$ 33.5 m during the same period in the previous year. In other words, the previous/prior volume growth has almost entirely receded.

The average market capitalization during the first trimester of 2019 was over US$ 34.4 m. This figure came to nearly US$ 589 m during the same time frame the year before. Market capitalization dropped down accordingly by 94.2 percent.

Trading Price

The average trading price during the first trimester of 2019 was nearly US$ 18.0. This figure came to over US$ 320 during the same period of 2018. The price dropped accordingly by 94.4 percent.

The all-time high of DigixDAO in 2018

DigixDAO DGD Price analysis generated by coindashboards.com — Price analysis for the most important moments in DigixDAO’s trading history (DGD)

The price of the DigixDAO currency climbed to a high in February 2018 at nearly six hundred US dollars. At this trading price, the token reached a market capitalization of over US$ 1.1 billion. This put DigixDAO in the ballpark of certain other digital currencies, such as ICON, Zcash and Binance Coin.

DigixDAOs all-time high compared to Bitcoin and the most renowned companies worldwide

Bitcoin, by far the largest cryptocurrency at the time, had a market capitalization of US$ 176 billion on that day. Apple Inc., one of the most highly valued brands in the world, stood at US$ 906 billion. And Volkswagen AG, the world’s largest vehicle manufacturer as of 2018, at US$ 100 billion.

DigixDAO (DGD): 1.1 bn US dollars
Bitcoin (BTC): 176 bn US dollars
Apple (AAPL): 906 bn US dollars
VW (VWAGY): 100 bn US dollars
Date: 28 February 2018

March 2019: an interesting date following the big cryptocurrency crash

On 1 March 2019, the price of DigixDAO stood at exactly US$ 17.7 with a market capitalization of nearly US$ 33.8 million. This is a decline down to approximately 3 percent compared with the peak trading price described above.

Around that time, Ethereum dropped to about 9.7 and Bitcoin to approximately 19.5 percent of their all-time-high trading prices.

More Details

The DigixDAO-Token is not a native digital currency and is not created via mining. It has no maximum number of tokens, unlike Huobi Token, for example. If you are interested in the source code, be sure to also visit the GitHub page.

Current DigixDAO transactions can be tracked using this block explorer, which also shows block height and other real-time metrics.

To learn more about DigixDAO, download the white paper or find more links to community forums, source code and social media accounts, visit community.digix.global.

Markets

DigixDAO DGD Market analysis generated by coindashboards.com — Markets on which DigixDAO (DGD) can be traded

USD

One trading platform for buying or selling DigixDAO in USD is Gate.io.

BTC

The trading platforms for buying or selling DigixDAO in BTC are Huobi Global, Bitrue and Livecoin, among others.

^{1. Or 0.0068 percent, if omitting Bitcoin.}

^{2. Read about our sources}