Digg (DIGG) Metrics
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Digg (DIGG)
What is Digg?
Digg (DIGG) is a cryptocurrency designed to serve as a decentralized stablecoin within the cryptocurrency ecosystem. It operates on the Ethereum blockchain, leveraging smart contracts to maintain its value and facilitate transactions. The Digg token aims to provide users with a stable medium of exchange, allowing for seamless payments and interactions without the volatility commonly associated with other cryptocurrencies. This blockchain project is particularly focused on enhancing the user experience in the decentralized finance (DeFi) space.
When and how did Digg start?
Digg (DIGG) was launched in 2021 as a community-driven cryptocurrency project. It was developed by a team of anonymous creators aiming to combine social media with blockchain technology. The project gained attention for its unique approach to content sharing and distribution, initially listed on several decentralized exchanges shortly after its launch, which helped boost its visibility in the crypto space. The early development of Digg was marked by community engagement and contributions, establishing a foundation for its growth within the decentralized finance (DeFi) ecosystem.
What’s coming up for Digg?
Digg (DIGG) is set to enhance its platform with several key updates outlined in its roadmap. Upcoming features include the integration of advanced social functionalities aimed at fostering community engagement and user interaction. Additionally, the team is focused on expanding its ecosystem, which may include partnerships and integrations with other blockchain projects to broaden its use cases. As Digg evolves, it aims to solidify its position as a leading decentralized social media platform, aligning with community goals for increased usability and accessibility. Keep an eye out for these developments, as they promise to shape the future of Digg significantly.
What makes Digg stand out?
Digg (DIGG) is unique compared to other cryptocurrencies due to its innovative algorithmic stablecoin mechanism, which aims to maintain its value relative to Bitcoin while offering a decentralized alternative to traditional stablecoins. Its standout technology includes a unique rebase mechanism that adjusts the supply based on market demand, providing a real-world use case for users seeking stability in volatile crypto markets. Additionally, Digg's integration within the broader Digg ecosystem enhances its utility and appeal, distinguishing it from more conventional cryptocurrencies.
What can you do with Digg?
Digg is primarily used as a utility token for payments within various platforms and services. It enables users to participate in staking and governance, allowing them to influence decisions within the ecosystem. Additionally, Digg can be utilized in DeFi apps and for trading NFTs, enhancing its functionality across the crypto landscape.
Is Digg still active or relevant?
Digg is currently active, with ongoing development and a dedicated community presence. It is still traded on various exchanges, indicating sustained interest and participation. However, it's essential to monitor updates regularly, as the crypto landscape can change rapidly.
Who is Digg designed for?
Digg is built for a community of content creators and social media enthusiasts, aiming to enhance user engagement and interaction within digital platforms. Its target audience includes developers looking to integrate social features into their applications, as well as businesses seeking to leverage user-generated content for marketing purposes. This platform is ideal for those who prioritize community-driven content sharing and discovery.
How is Digg secured?
Digg (DIGG) secures its network through a unique consensus mechanism known as Proof of Work (PoW), which relies on miners to validate transactions and add blocks to the blockchain. This method enhances network security by requiring computational effort, making it challenging for malicious actors to alter the blockchain. The decentralized nature of validators in the PoW setup further ensures robust blockchain protection against attacks.
Has Digg faced any controversy or risks?
Digg (DIGG) has faced significant controversy and risks, including extreme volatility that has led to sharp price fluctuations, making it a high-risk investment. Additionally, the project has been scrutinized for its security incidents, including potential hacks that raised concerns about the safety of user funds. Furthermore, there have been discussions around legal issues related to regulatory compliance, adding another layer of risk for investors.
Digg (DIGG) FAQ – Key Metrics & Market Insights
Where can I buy Digg (DIGG)?
Digg (DIGG) is widely available on centralized cryptocurrency exchanges. The most active platform is SushiSwap, where the WBTC/DIGG trading pair recorded a 24-hour volume of over $5.37. Other exchanges include Uniswap V2 (Ethereum) and Uniswap V2 (Ethereum).
What's the current daily trading volume of Digg?
As of the last 24 hours, Digg's trading volume stands at $5.37 .
What's Digg's price range history?
All-Time High (ATH): $765 209.80
All-Time Low (ATL): $0.00000000
Digg is currently trading ~99.98% below its ATH
.
What's Digg's current market capitalization?
Digg's market cap is approximately $105 521.00, ranking it #3536 globally by market size. This figure is calculated based on its circulating supply of 574 DIGG tokens.
How is Digg performing compared to the broader crypto market?
Over the past 7 days, Digg has gained 0.00%, underperforming the overall crypto market which posted a 0.71% gain. This indicates a temporary lag in DIGG's price action relative to the broader market momentum.
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Digg Basics
| Development status | Working product |
|---|---|
| Open Source | Yes |
| Consensus Mechanism | Not mineable |
| Algorithm | None |
| Hardware wallet | Yes |
| Started |
16 January 2021
over 5 years ago |
|---|
| Website | badger.finance |
|---|---|
| Wallet | Coins Mobile App |
| Source code | github.com |
|---|---|
| Asset type | Token |
| Contract Address |
| Explorers (1) | etherscan.io |
|---|
| Tags |
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|---|
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Popular Calculators
Digg Exchanges
Digg Markets
What is Market depth?
Market depth is a metric, which is showing the real liquidity of the markets. Due to rampant wash-trading and fake activity - volume currently isn't the most reliable indicator in the crypto space.
What is it measuring?
It's measuring 1% or 10% section of the order book from the midpoint price (1%/10% of the buy orders, and 1%/10% of the sell orders).


Why it is important to use only 1% or 10%?
It's important, because measurement of the whole order book is going to give false results due to extreme values, which can make false illusion of liquidity for a given market.
How to use it?
By default Market depth is showing the most liquid markets sorted by Combined Orders (which is a sum of buy and sell orders). This way it provides the most interesting information already. Left (green) side of the market depth bar is showing how many buy orders are open, and right (red) side of the bar is showing how many sell orders are open (both can be recalculated to BTC, ETH or any fiat we have available on the site).


Confidence
Due to rampant malicious practices in the crypto exchanges environment, we have introduced in 2019 and 2020 new ways of evaluating exchanges and one of them is - Confidence. Because it's a new metric - it's essential to know how it works.
Confidence is weighted based on 3 principles:
Based on the liquidity from order books (75%) - including overall liquidity and market depth/volume ratio, volumes included, if exchange is low volume (below 2M USD volume 24h)
Based on web traffic (20%) - using Alexa rank as a main indicator of site popularity
Based on regulation (5%) - researching and evaluating licensing for exchange - by respective institutions
Adding all of these subscores give overall main result - Confidence
Confidence is mainly based on liquidity, because it's the most important aspect of cryptocurrency exchanges. Without liquidity there is no trading, illiquid markets tend to collapse in the long term. Besides liquidity - there is also an additional factor in calculation of score - market depth/volume ratio. If volume is huge (especially when it’s growing much faster than liquidity), and market depth seems to not keep pace with - it's reducing overall score. Exchanges that keep market makers liquidity with expanding volume are those that keep all ratios in-tact and have overall score above 75-80% (it means that they have all liquidity ratios above minimum requirements, high web traffic participation, and are often regulated).
Other coins worth interest - similar to Digg
| # | Name | MarketCap | Price | Volume (24h) | Circulating Supply | 7d chart | ||
|---|---|---|---|---|---|---|---|---|
| 3 | Tether USDT | $177 368 101 731 | $0.999706 | $55 418 474 701 | 177,420,277,588 | |||
| 6 | USDC USDC | $73 320 449 769 | $1.000312 | $15 066 887 438 | 73,297,604,787 | |||
| 9 | Lido Staked Ether STETH | $19 301 502 645 | $1 970.67 | $36 781 840 | 9,794,399 | |||
| 14 | Wrapped Bitcoin WBTC | $8 784 221 921 | $66 964.14 | $384 473 031 | 131,178 | |||
| 15 | Wrapped Liquid Staked Ether 2.0 WSTETH | $8 595 981 822 | $2 417.50 | $22 231 960 | 3,555,731 |
What is Market depth?
Market depth is a metric, which is showing the real liquidity of the markets. Due to rampant wash-trading and fake activity - volume currently isn't the most reliable indicator in the crypto space.
What is it measuring?
It's measuring 1% or 10% section of the order book from the midpoint price (1%/10% of the buy orders, and 1%/10% of the sell orders).


Why it is important to use only 1% or 10%?
It's important, because measurement of the whole order book is going to give false results due to extreme values, which can make false illusion of liquidity for a given market.
What is showing Historical Market Depth?
Historical Market Depth is showing the history of liquidity from the markets for a given asset. It’s a measure of combined liquidity from all integrated markets on the coinpaprika’s market depth module.
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