DGB (DigiByte) has risen 19.85% in the last 24 hours.

Gate News Bot news, November 5, according to CoinMarketCap data, as of the time of writing, DGB (DigiByte) is currently priced at 0.00961607 USD, having risen 19.85% in the last 24 hours, with a peak of 0.01115305 USD and a low of 0.00575472 USD, and a trading volume of 7.48 million USD in the last 24 hours. The current market capitalization is approximately 173 million USD.

DigiByte is a rapidly growing open-source blockchain, created at the end of 2013 and launched in early 2014. After 11 years of forward-looking development, DigiByte has become one of the most secure, fastest, longest-lasting, and most decentralized UTXO blockchains in existence. DigiByte blocks are produced every 15 seconds, which is 40 times faster than Bitcoin and 10 times faster than Litecoin. SegWit has increased the volume of transactions per second by 4 times, with transaction fees being negligible.

DGB recent important news:

1️⃣ Continuous pump attracts market attention DGB has maintained a strong upward trend in the past few days, with a single-day rise of 48.64% on November 3, and today it achieved a further rise of 19.85%. This continuous upward trend has attracted the attention of more investors, which may lead to more funds flowing in, creating a virtuous cycle.

2️⃣ Trading activity has significantly increased The 24-hour volume of DGB increased from 4.55 million USD on November 3 to 7.48 million USD, a rise of over 60%. The significant increase in volume reflects a sharp rise in market interest in DGB, and this increase in activity often drives prices further up.

3️⃣ Technical advantages regain recognition DigiByte's core technological advantages, such as a 15-second fast block generation time and a highly decentralized characteristic, have once again gained recognition from investors in the current market environment. These long-standing technological advantages provide a solid value foundation for DGB, supporting its recent price rise.

From a technical perspective, the price of DGB has broken through multiple resistance levels, showing strong upward momentum. However, investors should also be aware of the potential risk of a short-term pullback. From a fundamental standpoint, DigiByte's long-standing technological development and decentralized characteristics provide a certain value support, but its future performance still needs to closely monitor the overall trends of the cryptocurrency market.

This message is not intended as investment advice; investors should be aware of market volatility risks.