DigixDAO is not a bad cryptocurrency by all parameters. The fact that it had 47.5% of winning days speaks volumes about the strength of this coin. It wasn't amazingly profitable this year; in fact, it has showcased a small but negative 12-month ROI of -8.97%, which is fine, considering that it also had the volatility of 128.87% that is great for trading. Even though I am not fond of gold-backed tokens, I find DGX to be suitable for occasional trading.
Tom Kokesh January 8, 2020 Reply
DigixDAO has been lying flat for almost the entire duration of the month, until November 25, to be precise, when the coin decided to show some signs of life. This consolidation has been lingering for the entire fall, so I was more than excited to see it finally beginning to point upwards. DigixDao went from the support of $10 to the monthly high of $20 in three days or so. I have been waiting for these profits for so long, and now I have finally had them!
Viki Minaggg December 2, 2019 Reply
It should have already become evident to everyone that investors aren't that interested in dealing with cryptocurrencies backed by gold, or any other precious metal or stone for that matter. This looks to me like an effort to combine the ultra-modern sports car with some old wagon from Western movies. It just won't work, please realize that and stop putting projects like DigixDAO onto the market. Focus on putting some real intellectual value behind crypto, instead.
Gainzilla November 27, 2019 Reply
Just like any other cryptocurrency that is ranked below the Top 100, DigixDAO doesn't have much to boast about. It seems that people are still very skeptical towards the gold-backed cryptocurrencies like DGD, especially since it has a low market cap of only $24 million. Nevertheless, the coin is traded on numerous major cryptocurrency exchanges, having a total daily volume of around $400 thousand. It might serve as proof that someone still believes in the cause of DigixDAO and holds/traders this coin.
Gl0r1a October 23, 2019 Reply
DGX tokens are stocks. Gold there or corn is not important for their owners, only the turnover of their company and its potential are important. Since it's gold, it's kind of like buying a prol stock and not for speculation, the profit from turnover will be scanty and there's no point in buying these tokens, it's more profitable to take the money to the bank. Therefore, there is no sense in participating in their presale.
Francis March 31, 2016 Reply
Digix tokenizes gold on Ethereum. We leverage the Distributed Ledger for its immutability, transparency and auditability by applying it to precious physical assets. Digix has created a range of technologies including The Proof of Asset Protocol (POA) and Digix Gold Tokens (DGX) on Ethereum. It reli...
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