DigixDAODGD
$554
Market/Exchange
DGD Price Prediction and Price Movement
DGD has been down 8.24 percent over the last three months, and with its small market capitalization, it is very likely that such price movement may continue. However three months is still considered early in the crypto world and it is also likely that DGD's price may bounce back if it has a solid team and has delivered what they promised on their white papers. Therefore traders should be careful and should research thoroughly and see if DGD is backed by a solid development team and whether DGD's technology has any potential to grow.
Please note that this analysis is purely base on DGD's historic price actions and is by no means financial advice. Traders should always do their own research and be extra careful while investing in cryptocurrencies.
DigixDAO Price Chart
About DigixDAO
Founded in Singapore in Dec 2014, DigixDAO (DGD) is building a decentralized autonomous organization (DAO) that specializes in the tokenization of physical assets. The project provides the infrastructure to create tokens backed by physical assets on the blockchain. To wit, it allows for the public verification of an asset’s existence through its chain of custody via its Proof of Provenance (PoP) protocol, which makes use of the Ethereum network and the Interplanetary File System (IPFS). Digix also offers an API that enables other applications to be built on top of its asset tokenization service. Digix has 2 cryptocurrencies, Digix Gold (DGX) and DigixDAO (DGD). The company reportedly procures its gold from LBMA-approved refiners. For security, Digix includes third-party auditing from Bureau Veritas. The DGD crowdsale in Mar 2016 was the first crowdsale and major DAO hosted on the Ethereum network.