The top performer among the top cryptocurrencies, DigiByte (DGB) is enjoying 13.75% gains today while trading at $0.0247. This level was last seen in September 2018.
This jump in the altcoin’s price has it gaining entry into the top 30 cryptos by a market cap of $317 million.
A modification of Bitcoin protocol, this cryptocurrency is up over 813% since the March sell-off during which DGB saw a decline of 66%. In March 2020, DGB made a fresh low from the 2018 peak and since then has been on an uptrend.
Currently, up 345% YTD, DGB is still down 83% from its all-time high of $0.141.
Comparing this ongoing rally to the 2017 and 2018 bull rally that added $1.6 billion to DGB’s market cap, DigiByte co-founder Jared Tate said, this one is different with a bigger network and ecosystem.
I can’t predict the future but I can compare recent events to the past I experienced. The runup in 2017/18 that pushed $DGB to $1.6 billion marketcap came fast & sudden w/ growing pains. This time feels different. We have way more people, much more tech & 100x larger ecosystem.
— Jared Tate ©️ (@jaredctate) May 6, 2020
“DigiByte is not being manipulated, no P&D. We're seeing sustainable organic growth. No large stake by a single entity, but a true distribution of wealth,” said Rudy Bouwman, co-founder and of DGB and Vice Chairman of DigiByte Foundation.
“What is happening now, should not come as a surprise. We all know DGB is undervalued and therefore now outperforming,” he added.
Many are wondering why $DGB is moving up, and keeps moving up. The #cryptocurrency industry is growing, therefore it should not be a surprise to see #DigiByte outperforming (as expected). The growth of community and increase in volume seems sustainable.
— Rudy Bouwman (@RudyBouwman) May 6, 2020
These gains have been achieved despite the cryptocurrency not being listed on top exchanges like Binance, Coinbase, Gemini, and others.
In the past, Tate had accused Binance and Coinbase of foul play and asking for money to list their cryptocurrency, which DGB couldn't provide because of having zero funds as a decentralized project.
He explained in great detail about his dealing with Binance and not getting listed on the leading spot exchange.
He yet again most recently took to Twitter to share the “blatant deceit in the new & improved ranking of “mineable” coins” on CoinMarketCap, a crypto tracker site acquired by Binance in a $400 million deal for which the exchange has been receiving a lot of flak from the crypto community.
For years I have been told by sources #DigiByte is actively surpressed by leading crypto exchanges/media. The insiders who control these platforms don’t control a majority of $DGB & see it as a threat unllike the centralized projects they profit from & promote. Proof DGB is legit
— Jared Tate ©️ (@jaredctate) May 5, 2020
Founded in 2013, the altcoin is still available on over 100 exchanges such as OKEx, Bitfinex, Bittrex, Huobi, Upbit, and others. In the past 24 hours, more than $13 million worth of DGB exchanged hands, as per Messari and ranks 20th on the basis of this “real” volume.