Altcoins

DigixDAO Market Report: Bitcoin Plunges Traders Buy Gold $DGD

0% Fractional Reserves. Every DGX = 1 Gram of gold.
0% Fractional Reserves. Every DGX = 1 Gram of gold.

Brief:


Bitcoin plunges -14.49% in price to $8,621.28 taking most crypto down with it. DigixDAO is exceptional and posts in excess of 75.82% daily gains as traders switch to a gold backed digital asset. DigixDAO is up 75.82% in 24 hours, up 131.50% on the week and up 262.46% on the month on a last price of 0.043800 BTC or about $374.53. The DigixDAO marketcap is $749,060,000 with a circulating supply of 2,000,000 $DGD. $DGD/BTC is trading between a 24hr high of 0.045500 BTC ($389.06) and a 24hr low of 0.027220 BTC ($232.75) on a 24hr Binance volume of 5,645 BTC. This trading volume is heavy. The weekly price trend is mixed, leaning upwards.

Last price

0.043800 $DGD/BTC

$USD

last price $ 374.53
one week ago $ 161.78

Price change

Price change is the $DGD percentage change within the period:

period change
day 75.82%
week 131.50%
month 262.46%

Volume

Volume

$DGD 24 hour volume
BTC 5,645 BTC
all $DGD currencies 9,566 BTC

The 24 hour volume for $DGD/BTC on Binance is 5,645 BTC. This volume weight is heavy when compared with Binance daily trading levels for $DGD over the last month.

The total 24 hour volume for all reporting $DGD markets is 9,566 BTC .

Market Share

The Binance currency pair $DGD/BTC is 59.01% of all $DGD traded in twenty-four hours. Binance has over 80% of the DigixDAO volume today between their two pairs BTC and ETH. Huobi has over 16% with the same two. All other exchanges have less than one percent today.

Remarks

Bitcoin plunges taking most crypto down with it. DigixDAO is exceptional and posts double digit daily gains as traders switch to a gold backed digital asset. DigixDAO is up 75.82% in 24 hours, up 131.50% on the week and up 262.46% on the month on a last price of 0.043800 BTC or about $374.53. The DigixDAO marketcap is $749,060,000 with a circulating supply of 2,000,000 $DGD. $DGD/BTC is trading between a 24hr high of 0.045500 BTC ($389.06) and a 24hr low of 0.027220 BTC ($232.75) on a 24hr Binance volume of 5,645 BTC. In heavy volume trading the weekly trend is mixed.

Top Ten Crypto Down
All top ten crypto are down and in the red in the last twenty-four hours:

The bad news is that all top one hundred coins (by marketcap) are all in the red except for $DGD.

Clearly traders are buying gold backed tokens as the price of their assets plummets sharply downwards – pulled down by the falling bitcoin.

One Year Chart

One Day Candles

Friday February 02 2018 Bitcoin Background

Altcoins such as DigixDAO ($DGD) may show a relationship with Bitcoin ($BTC) which changes with the alt, bitcoin and market conditions:

24 Hours of Bitcoin
24 Hours of #Bitcoin
-14.49% price $8,621.28
vol $10,972,700,000
mktcap $145,185,260,571
16.84M #XBT 07:59 #FinTech
http://kittybitcoin.com/bitcoin/24_hours_of_bitcoin.php

XBTLivePriceTM

Yesterday

Altcoin Market Reports
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Highlight Chart

Tap / click to enlarge:

Bitcoin plunges taking most crypto down with it. DigixDAO is exceptional and posts double digit daily gains as traders switch to a gold backed digital asset. DigixDAO is up 75.82% in 24 hours, up 131.50% on the week and up 262.46% on the month on a last price of 0.043800 BTC or about $374.53.
Bitcoin plunges taking most crypto down with it. DigixDAO is exceptional and posts double digit daily gains as traders switch to a gold backed digital asset. DigixDAO is up 75.82% in 24 hours, up 131.50% on the week and up 262.46% on the month on a last price of 0.043800 BTC or about $374.53.

Data sources

Main Data Source

Binance is the main data source for this report. The One Day Candles chart, highlight chart, and digital asset numeric trading data are from Binance.

Secondary

CoinMarketCap is the secondary data source for this report. The One Year Chart, cryptocurrency rank, token circulating supply, and daily market share are sourced from CoinMarketCap.com.

Tertiary

XBTLivePriceTM and 24 Hours of Bitcoin are data products from KittyBitcoin.com

Other sources are credited where used.

Market capitalization

Market capitalization is the total $US dollar value of the DigixDAO market calculated using the formula:

market cap = ( circulating supply x last price )
Market cap $ 749,060,000
Circulating supply 2,000,000
Last price $ 374.53

Daily High Low

daily high 0.045500 BTC
daily low 0.027220 BTC

Trend

The weekly trend is mixed.
The last four daily candles are all green. The trend is leaning upwards.

trend is MIXED

Trend is "mixed" when the week contains both green and red daily price candles, price movement up or down is significant, and there is no clear weekly price direction.

Resistance

Resistance is the highest price within the period:

period resistance
day 0.045500 BTC
week 0.045500 BTC

$DGD saw a monthly high of 0.08100 on January 08 2018. It may not be unreasonable to see this upper resistance level tested in the next few days if the current financial climate persists.

Today’s high is the weekly high as traders rush to gold.

Support

Support is the lowest price within the period:

period support
day 0.027220 BTC
week 0.019260 BTC

January 27 was the weekly low – about six days ago.

Market sentiment

Market sentiment is bullish. $DGD is the ONLY Top 100 token to post a gain today. This speaks volumes. Traders are abandoning their positions and buying DigixDAO gold backed tokens.

According to the DigixDAO website, every token is backed with gold:

0% Fractional Reserves. Every DGX = 1 Gram of gold.
0% Fractional Reserves. Every DGX = 1 Gram of gold.

Website
https://digix.global/

sentiment bullish

Image courtesy Pixabay.com

Summary

Bitcoin plunges -14.49% to $8,621.28 taking most crypto down with it. DigixDAO is exceptional and posts huge daily gains as traders switch to a gold backed digital asset. DigixDAO is up 75.82% in 24 hours, up 131.50% on the week and up 262.46% on the month on a last price of 0.043800 BTC or about $374.53. The DigixDAO marketcap is $749,060,000 with a circulating supply of 2,000,000 $DGD. $DGD/BTC saw weekly resistance at 0.045500 BTC ($389.06) and weekly support at 0.019260 BTC ($164.69). Market sentiment is bullish. The weekly price trend is mixed – leaning upwards – in daily heavy volume trading.

Analytic Strategy: Objective Analysis

Objective analysis begins free of subjectivity. Interpretation of technical analysis geometric patterns, for example perceived shapes on a trading chart, is inherently subjective. This report is free of technical subjectivity to the maximum extent reasonably possible.

Disclaimer

Past history is NOT an indicator of future results. Read the legal disclaimer:

http://kittybitcoin.com/docs/disclaimer.php

Printed

This report was printed on Friday February 02 2018 07:58 hours UTC. Contact KittyBitcoin to request custom reports. Share your thoughts with @KittyBitcoin on Twitter.

Bitcoin & Ethereum

Thanks for reading! 🙂

Tags

DigixDAO, $DGD, BTC, Binance, Market, Report, $DGD/BTC, altcoins

KittyBitcoin supplies blockchain intelligence on http://kittybitcoin.com, on industry leading websites, and through white label channels since 2014. Follow @KittyBitcoin on Twitter®.
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