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DGB is now around 0.0025u. Its all-time high went as high as 0.178u—down 98%. It’s a pretty old coin; it’s been around since 2014.
The positioning of this coin has always been to build a payment chain that’s faster and safer than Bitcoin. It uses five different mining algorithms to mutually check and balance. Technically, there’s a bit of interest to it, but the market doesn’t seem to be buying it.
The good news is that over the past week it’s risen by nearly one-fifth (almost 18%), outperforming the broader market and also beating similar public-chain projects. These past couple of days have seen a bit of action.
But trading volume has fallen quite sharply—down by nearly 70% in a single day. This suggests that this rally may just be a few people trading in a small circle, and the heat may not last.
The biggest problem with an old coin like this isn’t that the technology isn’t good. After all these years, it still hasn’t had a real, practical use case—if you only have technology but no one uses it, it’s hard for the price to make any real recovery.
In the short term, it’s gotten a little bit of hype these past couple of days. But rebounds that can’t be supported by this kind of volume—be careful about chasing the price.#DGB $DGB