DGB (DigiByte) rose 48.64% in the last 24 hours.

Gate News Bot news, on November 3rd, according to CoinMarketCap data, as of the time of writing, DGB (DigiByte) is currently priced at 0.00922488 USD, having risen 48.64% in the last 24 hours, with a peak of 0.00959824 USD and a low of 0.00575472 USD. The 24-hour volume reached 4.55 million USD. The current market capitalization is approximately 166 million USD, an increase of 54.3 million USD from yesterday.

DigiByte is a fast, forward-looking blockchain, created at the end of 2013 and released in early 2014. After 11 years of development, DigiByte has become one of the most secure, fastest, longest-lasting, and most decentralized UTXO blockchains. The block generation time for DigiByte is 15 seconds, which is 40 times faster than Bitcoin and 10 times faster than Litecoin. SegWit technology has increased transaction speed by 4 times, and transaction fees are almost negligible.

Important news about DGB recently:

1️⃣ Technical advantages attract attention DigiByte, as a highly decentralized UTXO blockchain, has a block generation time of 15 seconds, significantly faster than Bitcoin and Litecoin. This technological advantage has once again attracted investor attention in the current market environment, driving a rapid pump in the DGB price.

2️⃣ Market sentiment turns positive The significant rise of DGB in the past 24 hours reflects the market's positive sentiment towards small and mid-cap cryptocurrencies. This change in sentiment may stem from investors seeking high-risk, high-reward investment opportunities, driving up the prices of smaller cryptocurrencies like DGB.

3️⃣ Volume has significantly risen The 24-hour volume has reached 4.55 million USD, which is a considerable figure relative to DGB's market capitalization. The increase in trading activity indicates a rise in market participation, potentially attracting more short-term speculators, further pumping up the price.

From a technical perspective, the price of DGB has broken through several short-term resistance levels, but caution is still needed for potential pullbacks. On the fundamental side, DigiByte's long-term development and technological advantages provide it with some value support, but investors still need to closely monitor the overall trends in the cryptocurrency market.

This message does not constitute investment advice, and investors should be aware of market volatility risks.