DigitByte Surges After Houbi Listing Announcement
Digibyte and their DGB token saw a big gain of 17 percent and land at $0.049 on the 20th of July, a spike it hasn’t seen in two and a half months. After the initial surge, DGB did drop slightly and currently trades at $0.045. Some are attributing the sudden spike to the announcements made by Houbi, an international leading cryptocurrency exchange.
DigiByte comes in rank 32 as one of the most traded digital coins and a total market cap of almost $500M. On the 19th of July, Houbi announced the addition of DigiByte coins to the trading platform, effective the day after. Currently, DigiByte pairs with BTC and ETH on Houbi’s platform although withdrawal services will apply on the 22nd of June.
Houbi isn’t the only exchange to add DBG to their listing. Bittrex, Upbit, OKEx, KuCoin, and many others have posted DGB on their platforms. Among the exchanges, Bittrex, Upbit, and Poloniex were the three leading digital platforms for DigiByte in 24 hours due to the pairing with BTC which managed to horde more than $14M from DigiByte’s trade volume, resting at around $19 million.
Jared Tate discovered the DigiByte coin in 2014. As it stands, DGB is cryptocurrency with over ten billion coins across the market and 11 billion more, to sum up its total cap of 21 billion coins in use at once. Operating on a public blockchain and several PoW algorithms, DGB was designed to introduce a competitive coin alongside BTC, LTC and other major currencies.
DigiByte’s platform processes transaction at an incredible speed, anywhere from one to three seconds and can host almost 300 transactions a second. The company aims to double that transaction speed with every two years that pass for an ultimate goal of more than two thousand a second.
The company explains that it has never launched its own initial coin offering or sale of tokens and that its blockchain remains control-free as part of their decentralized vision for the future.