DIGG
DIGG Price
How is the price of DIGG (DIGG) calculated?
The price of DIGG (DIGG) is calculated in real-time by aggregating the latest data across 2 exchanges and 2 markets, using a global volume-weighted average formula. Learn more about how crypto prices are calculated on CoinGecko.
DIGG Price Chart (DIGG)
1h | 24h | 7d | 14d | 30d | 1y |
---|---|---|---|---|---|
0.3% | 1.7% | 1.3% | 7.9% | 17.5% | 39.1% |
DIGG Converter
Market Cap
Market Cap = Current Price x Circulating Supply
Refers to the total market value of a cryptocurrency’s circulating supply. It is similar to the stock market’s measurement of multiplying price per share by shares readily available in the market (not held & locked by insiders, governments) Read More |
$150,507 |
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Market Cap / FDV
The proportion of current market capitalization compares to market capitalization when meeting max supply.
The closer the Mkt Cap/FDV to 1, the closer the current market capitalization to its fully diluted valuation and vice versa. Learn more about Mkt Cap/FDV here. |
0.44 |
Fully Diluted Valuation
Fully Diluted Valuation (FDV) = Current Price x Total Supply
Fully Diluted Valuation (FDV) is the theoretical market capitalization of a coin if the entirety of its supply is in circulation, based on its current market price. The FDV value is theoretical as increasing the circulating supply of a coin may impact its market price. Also depending on the tokenomics, emission schedule or lock-up period of a coin's supply, it may take a significant time before its entire supply is released into circulation. Learn more about FDV here. |
$342,209 |
24 Hour Trading Vol
A measure of a cryptocurrency trading volume across all tracked platforms in the last 24 hours. This is tracked on a rolling 24-hour basis with no open/closing times.
Read More |
$352.13 |
Circulating Supply
The amount of coins that are circulating in the market and are tradeable by the public. It is comparable to looking at shares readily available in the market (not held & locked by insiders, governments).
Read More |
252
|
Total Supply
The amount of coins that have already been created, minus any coins that have been burned (removed from circulation). It is comparable to outstanding shares in the stock market.
Total Supply = Onchain supply - burned tokens |
573 |
Max Supply
The maximum number of coins coded to exist in the lifetime of the cryptocurrency. It is comparable to the maximum number of issuable shares in the stock market.
Max Supply = Theoretical maximum as coded |
573 |
DIGG Historical Price
24h Range | $595.39 – $614.07 |
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7d Range | $575.11 – $611.76 |
All-Time High |
$93,637.98
99.4%
Jan 25, 2021 (about 4 years)
|
All-Time Low |
$280.74
113.2%
Nov 14, 2023 (over 1 year)
|
How do you feel about DIGG today?
What is DIGG?
DIGG is the first elastic supply rebase token where its price is pegged to Bitcoin’s price. It is one of the products released by Badger Protocol.
How to obtain DIGG?
DIGG can be obtained by buying them from exchanges such as Uniswap or Sushiswap. You can find DIGG trading on various centralized and decentralized cryptocurrency exchanges.
What is a Rebase token?
The concept of rebase tokens is a bit abstract. Unlike normal currencies, rebase tokens aim to peg their price towards a target. To do so, rebase tokens change their supply dynamically, corresponding to market demand.
There are two prices to look at - the target price and the market price. If the market price is higher than the target price, the supply of the rebase tokens will be increased and vice versa. As such, users are actually owning a percentage of the network.
For example, if a user owns 1% of the total supply, no matter if the rebase tokens are going through a positive or negative rebase, the user will still own 1% of the network in the end. Thus, to look at the value of rebase tokens, it is more insightful to look at their market capitalization rather than their price.
Ampleforth was the first rebase token where it has a target price peg of $1. After the launch of Geyser, its liquidity mining programme, Ampleforth skyrocketed from a valuation of $10 million to a peak valuation of $687 million. It later helped to inspire the launch of multiple algorithmic stablecoins such as ESD, DSD, FRAX, MIC, and BAC.
How does DIGG rebases?
The rebase mechanism works similarly to Ampleforth. Currently, rebases are scheduled daily at 8PM UTC. Initial supply has been set at 4,000 DIGG. 15% of the initial supply were airdropped to Sett users. There is a yield farm to earn DIGG alongside BADGER for roughly 22 weeks starting from 23rd January 2021.
Below is the formula used to execute the supply rebase, with Rebase Multiplier set at 10 as DIGG aims to reach parity with BTC in 10 rebase periods.
Deviation from peg = (Current Price - Target Price) / Target Price
Rebase Amount = Current Supply * (Deviation From Peg/Rebase Multiplier)
New Supply = Current supply + Rebase Amount
For example, if a user owns 40 DIGG (1% of total supply) today with the DIGG price of $50,000 and BTC price of $40,000, the user has $2 Million worth of DIGG. With the positive rebase, supply will increase by 2.5% and the price is expected to drop to $48,780.49. As such, the user will end up owning 41 DIGG, worth $2 million after rebase, which is the same as before!
Users can lock up their DIGG in Badger to receive bDIGG. Other than to earn more farming rewards, bDIGG is an attempt to make DIGG more composable in the DeFi ecosystem by making away with the supply changes daily. bDIGG supply will not be influenced by the supply rebases while its value will represent the underlying amount of DIGG, similar to yield-bearing tokens.
What is the risk of investing in a rebase token?
Rebase tokens value is heavily tied with its market demand, but as it lacks intrinsic demand for any usage, currently it is mainly backed by speculation.
Rebase tokens try to stabilise its price through Liquidity Provider (LP) tokens, pairing with tokenized assets that have its target price. For example, for USD rebase tokens, they are usually paired with stablecoins such as USDC or USDT. Meanwhile for BTC rebase tokens, DIGG is paired with WBTC. Normally there will be a yield farming programme for LPs to bootstrap liquidity.
Becoming a LP for rebase tokens is highly risky. For example, in the early stage, there are high yield farming rewards offered for DIGG/WBTC LP UNI tokens. Users who want to earn the rewards will have to provide WBTC to the UNI pool where half of the WBTC will be converted into DIGG, pushing up DIGG price.
At the later stage, rewards normally will reduce and there will be higher DIGG supply in the market. Without any other demand to hold DIGG’s price, DIGG may experience a selloff, where LP will exit through WBTC, causing DIGG’s price to crash. When negative rebase happens, the amount owned by the user will further decrease, inducing panic among users. This will further compound the selloff, initiating a vicious spiral downwards.
Rebase tokens are still experimental in nature. Whether the demand for such financial products is sustainable remains to be seen. Please proceed with caution.
Where can you buy DIGG?
DIGG tokens can be traded on decentralized exchanges. The most popular exchange to buy and trade DIGG is Uniswap V2 (Ethereum), where the most active trading pair DIGG/WBTC has a trading volume of $191.79 in the last 24 hours.
What is the daily trading volume of DIGG (DIGG)?
The trading volume of DIGG (DIGG) is $352.13 in the last 24 hours, representing a -78.90% decrease from one day ago and signalling a recent fall in market activity. Check out CoinGecko’s list of highest volume cryptocurrencies.
What is the all-time high for DIGG (DIGG)?
The highest price paid for DIGG (DIGG) is BTC2.8654, which was recorded on Jan 25, 2021 (about 4 years). Comparatively, the current price is -99.40% lower than the all-time high price.
What is the all-time low for DIGG (DIGG)?
The lowest price paid for DIGG (DIGG) is BTC0.005783, which was recorded on Nov 14, 2023 (over 1 year). Comparatively, the current price is 113.20% higher than the all-time low price.
What is the market cap of DIGG (DIGG)?
Market capitalization of DIGG (DIGG) is BTC1.5728 and is ranked #5800 on CoinGecko today. Market cap is measured by multiplying token price with the circulating supply of DIGG tokens (250 tokens are tradable on the market today).
What is the fully diluted valuation of DIGG (DIGG)?
The fully diluted valuation (FDV) of DIGG (DIGG) is BTC3.5760. This is a statistical representation of the maximum market cap, assuming the maximum number of 570 DIGG tokens are in circulation today. Depending on how the emission schedule of DIGG tokens are designed, it might take multiple years before FDV is realized.
How does the price performance of DIGG compare against its peers?
With a price increase of 1.30% in the last 7 days, DIGG (DIGG) is outperforming the global cryptocurrency market which is up 1.00%, while underperforming when compared to similar Ethereum Ecosystem cryptocurrencies which are up 12.70%.
How to add DIGG (DIGG) to MetaMask?
Adding DIGG (DIGG) to MetaMask allows you to view your token holdings, trade on decentralized exchanges, and more. To add them, you’ll need to import DIGG as a token. You can copy DIGG’s contract address (0x798d1be841a82a273720ce31c822c61a67a601c3) and import it manually, or if you've installed MetaMask's chrome extension, add DIGG to MetaMask with one click on CoinGecko.
Add DIGG to MetaMask.
DIGG Markets
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