DGD Crypto
| DGD Crypto | USD 727.12 3.25 0.44% |
Performance16 of 100
| Risk Of DevaluationLess than 34
|
DGD is trading at 727.12 as of the 24th of April 2024, a -0.44 percent decrease since the beginning of the trading day. DGD has about a 34 percent probability of financial distress in the next few years of operation but had a somewhat solid performance during the last 90 days. Cryptocurrency ratings for DGD are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 30th of April 2023 and ending today, the 24th of April 2024. Click here to learn more.
DGD is peer-to-peer digital currency powered by the Blockchain technology. More on DGD
Moving together with DGD Crypto Coin
| 0.66 | TONCOIN | Open Network | PairCorr |
| 0.66 | STETH | Staked Ether | PairCorr |
Moving against DGD Crypto Coin
| 0.6 | TIA | Celestia | PairCorr |
DGD is an online market maker for p-2-p internet money denominated as Cryptocurrency. DGD has been active in the last 3 months, and it is right now trading with a bearish sentiment. Cryptocurrencies such as DGD are digital assets that allow for secure payments and are represented by ledger entries internal to the system, generally referred to as a blockchain. Blockchain implementations use encryption algorithms and cryptographic techniques that safeguard entries in the ledger. Cryptocurrency assets such as DGD are becoming very popular among investors and have been praised for their portability, inflation resistance, and transparency. However, they face a lot of criticism, including lack of tax regulations, exchange rate volatility, and infrastructure vulnerabilities.
DGD Crypto Coin Highlights
Most cryptocurrency investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend or investor sentiment. DGD's investment highlights are automatically generated signals that are significant enough to complement your investing judgment regarding DGD or challenge it. These highlights can help you better understand the crypto position you are entering and avoid costly mistakes.
| Business Concentration | Technology, Cryptocurrency, Blockchain (View all Sectors) |
DGD is one of many evolving digital currencies in which encryption is used to regulate the generation of units of currency and verify the transactions independently of a central authority. It is traded on few exchanges in multiple currencies. Digix is an asset tokenization platform that puts gold asset ownership on the blockchain, making digital gold transferrable. Digix' ecosystem is powered by two native tokens: DGX and DGD. DGX is an ERC20 security token which democratizes access to gold. DGX represents physical gold where 1 DGX represents 1 gram of gold. The DGD token gives users the right to profits in the trading of DGX tokens which own the right to gold stored in a vault in Singapore. So if people trade 20 gold bars per day - the DGD token holders will have the profits of the commission from those trades distributed equally amongst themselves. **DigixDAO’s Dissolution:** Following the casting of votes by our community of DGD holders, the majority of DGD holders have voted for a dissolution of DigixDAO and to burn the remaining DGD in circulation, returning prorated amounts of ETH to token holders according to their DGD holdings. Read all about it [here.](https://medium. | |
| Other Smart Contract Address | View |
| Industry | Financial and Insurance Activities |
| FINMA | Utility |
| FCA | Utility |
| Access | Permissioned |
| Collateralized Asset | No |
| Symbol | DGD |
| Rating | D- |
| Technology Adoption Rating | D- |
| Market Performance Rating | D- |
| Name | DGD |
| Sponsored | false |
| Built On | ETH |
| Is Trading | true |
| Asset Launch Date | 2016-04-28 |
| Full Name | Digix DAO (DGD) |
| Asset Website Url | https://digix.global/ |
| Asset Token Status | Finished |
| Platform Type | token |
| Coin Name | Digix DAO |
| Total Coins Mined | 65,522.03 |
| Smart Contract Address | View |
DGD (DGD) is traded on CRYPTO Exchanges. DGD is peer-to-peer digital currency powered by the Blockchain technology. The coin currently falls under 'Nano-Cap' category with a current market capitalization of 684. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate DGD's market, we take the total number of its shares issued and multiply it by DGD's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities.
DGD's Exchanges and Markets
HitBTCDGD Target Price Odds Analysis
What are DGD's target price odds to finish over the current price? Based on a normal probability distribution, the odds of DGD jumping above the current price in 90 days from now is about 5.75%. The DGD probability density function shows the probability of DGD crypto coin to fall within a particular range of prices over 90 days. Assuming the 90 days trading horizon the crypto coin has a beta coefficient of 2.0897 suggesting as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, DGD will likely underperform. Moreover, dGD has an alpha of 1.7473, implying that it can generate a 1.75 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
Based on a normal probability distribution, the odds of DGD to move above the current price in 90 days from now is about 5.75 (This DGD probability density function shows the probability of DGD Crypto Coin to fall within a particular range of prices over 90 days) .
DGD Risk Profiles
Investors will always prefer to have the highest possible return on investment while minimizing volatility. DGD market risk premium is the additional return an investor will receive from holding DGD long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in DGD. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although DGD's alpha and beta are two of the key measurements used to evaluate DGD's performance over the market, the standard measures of volatility play an important role as well.
| Mean Deviation | 4.5 | |||
| Semi Deviation | 4.47 | |||
| Standard Deviation | 9.36 | |||
| Variance | 87.52 |
DGD Technical Analysis
When it comes to investing in cryptocurrency, such as DGD, the assumption holds that everything in the market that could affect the price of crypto is already reflected. Therefore, the price of DGD, which is currently traded at 727.12, shows everything you need to know about DGD market value. You don't have to consider the fundamental factors that affect a crypto asset, such as DGD, to determine its price movements. However, the DGD's price action will always exhibit trends, even in random market movements, regardless of the timeframe you use - so DGD's future price movement is more likely to follow an established trend and the cryptocurrency technical analysis is one of the ways to project DGD's future price trendTransformation |
The output start index for this execution was zero with a total number of output elements of sixty-one. DGD Inverse Tangent Over Price Movement function is an inverse trigonometric method to describe DGD price patterns.
DGD Against Markets
Picking the right benchmark for DGD crypto coin is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in DGD crypto coin price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for DGD is critical whether you are bullish or bearish towards DGD at a given time. Please also check how DGD's historical prices are related to one of the top price index indicators.
Be your own crypto manager
Our tools can tell you how much better you can do entering a position in DGD without increasing your portfolio risk or giving up the expected return. As an individual cryptocurrency investor, you need to find a reliable way to track the performance of all your tokens in a consistent way. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall cryptocurrency portfolio.Did you try this?
Run Portfolio Holdings Now
Portfolio HoldingsCheck your current holdings and cash postion to detemine if your portfolio needs rebalancing |
| All Next | Launch Module |
How to invest in DGD
You need to understand the risk of getting into digital currencies such as DGD before investing. The dangers of trading cryptocurrencies are mainly related to their volatility. They are high-risk, speculative, susceptible to errors and hacking, mostly unregulated, and can be affected by forks or other discontinuation events. As an investor, you must understand these perils before you start trading. You can get a long position in DGD in four ways:Buy DGD through an exchange
Get yourself a crypto wallet before embarking on your DGD journey. Crypto wallets exist as desktop applications, mobile apps, or websites, allowing you to secure your tokens or digital coins. Your crypto wallet stores the private keys to your tokens on the blockchain. Once you have a wallet, visit a reputable exchange and sign up for an account. You will need to complete the KYC process to be allowed to purchase DGD. But before you can buy the tokens, you have to provide a photo of your ID and proof of address, as well as a selfie. The platform will also require you to secure your account with 2FA before you can fund your account and buy the digital coins.Purchase fractions of DGD through an exchange
You don't have to buy a full token when starting out since DGD is divisible by several decimal places. This allows you to purchase tiny fractions worth cents, but because of network fees, most platforms have a minimum figure, such as $10. You can then build your portfolio with time as you gain more confidence and learn the ropes of crypto trading.Trade DGD through a broker
If you don't want to store your DGD Crypto Coin yourself for one reason or another, you can still trade through a broker. Brokers hold your tokens and trade frequently to generate profits. In addition, many brokerage platforms offer derivative products, such as contracts for difference, that enable you to speculate on price movements. Such products also allow brokers to accommodate leverage trading, potentially multiplying your profits.Invest in DGD through an exchange-traded fund (ETF)
You can also invest in DGD through an exchange-traded fund (ETF). This instrument helps track an asset or select assets. You can buy and sell them on stock exchanges, making them the best option for an average investor. Some ETFs may comprise several coins to spread risk across a portfolio. Such ETFs are created and controlled by picking a basket with several coins, while favoring those that have performed well in the recent past.Investing Ideas
In addition to having DGD in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Thematic Opportunities
Explore Investment Opportunities
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in DGD. Also, note that the market value of any cryptocurrency could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. Note that the DGD information on this page should be used as a complementary analysis to other DGD's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Insider Screener module to find insiders across different sectors to evaluate their impact on performance.