Digix DAO Price Prediction
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Today's ForecastsDigix DAO(DGD) opened trading today at $82.26. It achieved a Market high of $84.27 and a subsequent Market low of $79.99, Representing a change of $-1.53 and price percentage change of -1.86% . Its current Price is $80.74 representing a market share of 0.03% only.
A total volumn of $63,228 worth of Digix DAO traded hands today, achieving a Maximum Market Cap of $161,470,128 for the day.
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The Bull Case 🐃 for Digix DAO
Many people are looking to invest in digital assets (including Digix DAO) owing to the enormous return which they provide. Even the institutional investors are trying to invest in such assets. This is highly positive for Digix DAO as a platform. As the traction of the platform increases more and more, the price of the cryptocurrency would also go up. This is a huge positive for the platform in the future.
With the thrust on the digitization of assets increasing and the awareness of cryptocurrency assets also on the rise, Digix DAO has a lot of potential ahead. As long as the organisation is able to execute their strategy the price of the token would also keep on increasing. This will attract a lot of investors to this cryptocurrency.
Digix DAO is currently trading around $80.74.
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Price Predictions for Today, This Week and This Month 🚀
Critical Fundamental Analysis of Digix DAO
Digix DAO is a new form of cryptographic asset in that it is a Decentralised Autonomous Organisation or DAO for short. DAO are basically Companies written in code that are there to perform a set of functions with holders of the tokens voting in relation to the number of tokens they hold.
The Digix DAO gives users the right to profits in the trading of Digix tokens (DGX) which own the right to gold stored in vault in Singapore. So if people trade 20 gold bars per day - the Digix DAO token holders will have the profits of the commission from those trades distributed equally amongst themselves.
Digix DAO is a "Decentralised Autonomous Organisation" - DAO's are a nascent idea and are therefore not a fully proven concept. The Digix DAO tokens give holders the rights to vote on how funds earned by the DAO are spent and act like shares in a traditional Company.
The DGD tokens give users the right to earn profits from the trading of DGX tokens - which are tokens backed 1:1 with a gram of gold. The DAO or DGD tokens earn a commission fee based on the number of trades of the DGX tokens. holders of the tokens can vote for
There are costss for the DAO so headline commission is not equal to profit. The cost come in the form of storing the gold and auditing its veracity. This is where the role of voting rights come in as holders of the tokens can vote who they want to audit the gold.
If the DAO runs out of funds the founders can propose to raise more tokens in an offering which requires a special majority of voters to agree to.
The initial offering raised $5.5million for 85% of the tokens. The other 15% were rewards for developers and founders - a premine of sorts.
The DAO token is built on ethereum.
The ICO - or initial coin offering - raised $5.5million to acquire the 85% of the DGD tokens.Visit website open_in_new
DGD Trading Stats for Today - 2020-09-03 06:15:13 +01:00 BST
|Current Supply||2,000,000 DGD|
|24h Volume (coin)||783 DGD|
|24h Volume (currency)||$63,228|
|Last updated||2020-09-03 06:15:13 +01:00 BST|
Other Price Forecasts similar to Digix DAO(DGD) :
Common DGD Price Prediction Questions
What is Digix DAO’s potential future value?
DGD's future value is strongly correlated to it's Fundamental Analysis. We made this easier by giving a short concise write-up here on what Digix DAO is and what it does. This is because Digix DAO's price will only rise and make you rich if it’s doing something special e.g. Ethereum which made it possible to create simple smart contracts on the Blockchain, minted the most number of Crypto millionaires. Now ask yourself - Can DGD make you one?
What is going on with Digix DAO's price?
In order not to be too rattled, read our Fundamental analysis above on Digix DAO to know if it’s a good hodl.
How high will Digix DAO go?
No one really knows for sure. We however predict DGD might be 4x by end of 2020. This will depend however, on the larger crypto market 4xing as most coins whether good or not, mirror Bitcoins loses or gains. If in doubt about any coin, either BUY BTC, ETH or stay out of the market. For now!
Why is Digix DAO(DGD) rising today?
On a day to day basic, we do not have that information. However, look above to see our Fundamental Analysis of Digix DAO to see its expected value. You can also visit Digix DAO's website here - Visit website.
A good reason for any intra-day pump is usually partnerships, implementations of a roadmap e.g. Mainnet launch or listing on a new exchange (mega-pump).The Digix DAO website page will quickly provide you with that value.
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Why is Digix DAO's price going down?
It’s difficult to tell right now as the daily DGD candle hasn’t closed. However a quick way to know the reason for any sudden disruption in Digix DAO's price is to look at its social media feed to see if it released news that the market revolts at or it’s simply a red crypto day.
To view the Social sentiments for Digix DAO, Simple click the Social Button on this page, located immediately below the Price Charts.
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