DigiByte (DGB) sees its price surge 35% after Binance listing 🚨 This article is 4 years old...
DigiByte (DGB) sees its price surge 35% after Binance listing
2 min read
Updated: Jun. 22, 2020 at 7:04 pm UTC
Cover art/illustration via CryptoSlate. Image includes combined content which may include AI-generated content.
Blockchain network Digibyte (DGB) has seen the price of its native token DGB skyrocket after it was listed on Binance earlier today. The exchange listed the token without any demands from the company and without requiring a listing fee, DigiByte said on Twitter.
Binance announces it has listed DigiByte
DigiByte, a decentralized cryptocurrency network that sought out to compete with Bitcoin back in 2013, has just been listed on Binance.
The exchange announced the news in a blog post earlier today, saying that trading for DGB will be open at 2:00 PM UTC. Binance’s users will be able to trade DGB against three pairs—DGB/BTC, DGB/BNB, and DGB/BUSD.
#Binance Lists @DigiByteCoin $DGBhttps://t.co/0jbSOw9Izn pic.twitter.com/CFJHMSJSxy
— Binance (@binance) June 22, 2020
According to DigiByte, Binance listed the coin without demanding anything from the company and requesting a listing fee.
Thank you @binance for listing $DGB, without any demands or listing fee. The voice of the #DigiByte community was heard. https://t.co/k7raX7dkLq
— DigiByte (@DigiByteCoin) June 22, 2020
This is a huge step forward for the company, as this isn’t the first time Binance mulled listing DGB. DigiByte’s founder Jared Tate reported in September last year that Binance requested a $300,000 listing fee and 3 percent of all DGB in circulation in order to list the coin. The exchange reportedly said that the percentage of the circulating supply would be used as “insurance” for their customer against hacks and defects.
Did a video call with the ”Binance” team a few weeks ago. They wanted $300,000 and 3% of all DGB for ”insurance for their customers against blockchain hacks & defects” to list $DGB. Told them that is not possible with a truly decentralized #blockchain like #DigiByte.
— Jared Tate ©️ (@jaredctate) September 20, 2019
DGB spikes 30% in less than two hours
Being listed on a trading platform as big as Binance is a huge deal for DigiByte. Despite being one of the oldest cryptocurrencies, created way back in 2013, the network struggled to gain mainstream adoption and find its place on some of the larger exchange platforms.
The coin reacted strongly to the listing, seeing its price increase by almost 30 percent less than two hours after the news broke, jumping from $0.017 to $0.022.
DGB is currently trading at $0.0233 but is still trading 83.6% lowe than it’s ATH of $0.135 on Jan. 6 2018.
While the enthusiasm seems to have died down around the $0.022 mark, forcing DGB to enter into a consolidation phase that will result in a more realistic price, it certainly managed to lift the coin out of the rut it entered in the second half of June.
DigiByte Market Data
At the time of press 7:04 pm UTC on Jun. 22, 2020, DigiByte is ranked #35 by market cap and the price is up 25.34% over the past 24 hours. DigiByte has a market capitalization of $289.22 million with a 24-hour trading volume of $48.01 million. Learn more about DigiByte ›
Crypto Market Summary
At the time of press 7:04 pm UTC on Jun. 22, 2020, the total crypto market is valued at at $272.2 billion with a 24-hour volume of $67.73 billion. Bitcoin dominance is currently at 64.61%. Learn more about the crypto market ›
Mentioned in this article
Featured Story
Advertise Here
In this article
DigiByte (DGB) is a UTXO PoW based blockchain with a focus on cybersecurity, digiassets, payments, and secure communications technologies.The DigiByte blockchain was developed in 2013 and released in January 2014 by Jared Tate (Creator & Founder of DigiByte) with an open-source protocol..
Binance
Binance is a global cryptocurrency exchange that provides a platform for trading more than 100 cryptocurrencies.