a fully decentralized, DAG based crypto

byteball price

The GBYTE token is utilized to pay transaction fees on the Byteball network and for voting in certain decentralized governance decisions. Byteball has gained support from a variety of exchanges, wallets, and merchants, and is increasingly being used in real-world applications. Byteball is geared toward providing a platform for fast and secure transfer of value, while using a novel system for governance and consensus. Transactions on the Byteball network are confirmed by witnesses, who are a select group of nodes that have been approved by the community. Transactions are processed faster and cheaper than traditional blockchain-based cryptocurrencies because there is no mining required.

GBYTE Price Statistics

byteball price

Currently, the RSI value is at 56.37, which indicates that the GBYTE market is in a neutral position. The wallet is also available for download from GitHub and features a peer-to-peer exchange where you can sell Bytes and BTC. Byteball has announced a lot of major updates to their platform in the how to buy byteball last several months that include the release of textcoins and as well as a partnership with Jumio. Byteball’s wallet sovereign identity feature allows users to connect their identity to their wallet. Users then have the ability to disclose their identity during payments if they elect to do so.

Popular cryptocurrencies

byteball price

In addition, Obyte utilizes advanced technologies such as multi-signature wallets and atomic swaps to provide additional security. The most popular exchange to buy and trade Obyte is Quickswap (v3), where the most active trading pair GBYTE/USDT has a trading volume of $164.88 in the last 24 hours. Byteball allows for the creation of conditional payments, which means that users can create transactions that depend on certain conditions being met before the funds are released. Byteball (GBYTE) is a cryptocurrency project that was launched in 2016. Byteball differs from other decentralized cryptocurrencies in that it does not use a traditional blockchain where current data transactions are connected with previous ones. Instead, Byteball relies on a directed acyclic graph (DAG) structure called a “DAGchain” where data is connected in a structure which is like a mesh.

What is the fully diluted valuation of Obyte (GBYTE)?

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Bitball’s mission is to build an ecosystem to bridge the gap between digital currencies, exchanges, and customers. Some traders try to identify candlestick patterns when making cryptocurrency price predictions to try and get an edge over the competition. Some candlestick formations are seen as likely to forecast bullish price action, while others are seen as bearish.

What was Obyte’s maximum price?

byteball price

This is achieved by selecting a chain, called main chain, which gravitates towards units issued by commonly recognized reputable users — witnesses. Obyte is a decentralized, open-source platform for storing and exchanging data and value. It is built on the Byteball platform, which uses directed acyclic graph (DAG) technology to store transactions in a secure and distributed manner. Obyte provides users with an easy way to securely store, transfer, and trade digital assets without relying on third-party intermediaries. The platform also offers smart contracts that allow users to create automated agreements between parties. The live Obyte price today is $9.73 USD with a 24-hour trading volume of $2,665.35 USD.

What is the all-time high for Obyte (GBYTE)?

  • If you are planning to trade crypto, please consult a financial adviser.
  • The Byteball network was launched in December 2016 by founder and chief developer Tony Churyumoff.
  • Transactions are their own blocks and don’t have to connect in a straight chain; They’re linked to multiple previous transactions and form a structure called a DAG (directed acyclic graph).
  • According to our Obyte forecast, the price of Obyte will decrease by -7.19% over the next month and reach $ 17.50 by June 19, 2024.
  • The consensus algorithm used to protect from double-spends is based on establishing a total order within the DAG.
  • Obyte makes another leap forward by getting rid of those big power centers and middlemen.

The Obyte price forecast for the next 30 days is a projection based on the positive/negative trends in the past 30 days. Based on these Obyte projections, GBYTE will be changing hands at $ 17.98 on May 27, https://www.tokenexus.com/ 2024, losing -4.66% in the process. The Relative Strength Index (RSI) momentum oscillator is a popular indicator that signals whether a cryptocurrency is oversold (below 30) or overbought (above 70).

  • X2,x10, etc. means if the price of Obyte (GBYTE) will multiply by x2,x10, etc how much market cap it will have, and how it will compare then to the same coins.
  • Obyte’s current circulating supply is 739,529 GBYTE out of max supply of 1.00M GBYTE.
  • Obyte (GBYTE) Price today is $19.16, for the last 24 hours 67 GBYTE coins were exchanged with a trading volume of $1,278.
  • The Fear & Greed Index combines several market and investment indicators, including 30- and 90-day volatility, trading volume, social media activity, and Google Trends data.
  • The Obyte price prediction for next week is between $ 17.98 on the lower end and $ 17.48 on the high end.

The future is decentralized

The Fear & Greed Index combines several market and investment indicators, including 30- and 90-day volatility, trading volume, social media activity, and Google Trends data. The Fear & Greed Index can be a useful measure of Obyte investors’ sentiment, and is based primarily on Bitcoin-related market data. On January 18th, 2017 Byteball announced its partnership with Jumio, a leading provider of identity verification services. With Jumio’s help, you can now securely link your identity to your byteball wallet and address. Additionally, you can publicly display the verified identity of your address for others to see so other users know they are sending assets to the right the address. Analysis was done on daily data, so all moving averages, RSI, etc.., were calculated on a daily Obyte price chart.

Based on multiple technical quantitative indicators, the current forecast for Obyte in 2024 is bullish. However, it’s important to consider both technical factors (price history) and fundamental factors (on-chain activity and development) before making the decision to buy Obyte or not. Over the past 7 days, Obyte price was most positively correlated with the price of and most negatively correlated with the price of . The deputy finance minister Alexei Moiseev told reporters on Tuesday that Russia acclaims its position not to ban cryptocurrencies.

What will the price of Obyte be next week?

Based on our GBYTE price prediction chart, the price of Obyte will decrease by -2.75% and reach $ 17.48 by Jun 03, 2024 if it reaches the upper price target. According to our Obyte price prediction, GBYTE is forecasted to trade within a price range of $ 18.86 and $ 17.98 this week. Obyte will decrease by -4.66% and reach $ 17.98 by May 27, 2024 if it reaches the higher value target.

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