Wednesday, February 28, 2018

While most unbacked cryptos continue to tread within ranges well below their December highs, a gold backed one just hit a new all-time price level

Since the severe corrections of late December and most of January in the cryptocurrency markets, there has been one segment of virtual currencies that have avoided most of the market's wild volatility.  And in fact earlier today on Feb. 28, one within this group just reached a new all-time high.

DGXDAO, or also known as the DGD coin, traded today for just under $600 which is an all-time high for the gold backed cryptocurrency.

DGD coin, the gold-backed cryptocurrency, has reached an all-time high on Tuesday with the coins trading at just under $600 each. 
Valued at $584, as of 13:30 GMT, DigixDAO has a market cap of $1.16bn. The circulating supply is at its hard cap of 2m. 
The coin, which began trading in May 2016, has steadily risen since November and on the 2nd of February had reached a record high when it was valued at $480; today’s valuation is over $100 higher than its previous record. – The Market Mogul


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