The year 2023 has started with a bang for the crypto sector and has also seen remarkable performances from Eos.io, Dash and DigiByte, which, however, seem to have stopped the race.
Performance analysis of Eos.io (EOS), Dash (DASH) and DigiByte (DGB)
In this article we will look at the performance of three historical crypto assets such as Eos.io, Dash and DigiByte all of which were born between 2013 and 2014.
The shared trend of the tokens of the crypto projects just mentioned is a bullish start to the year and a retracement in recent days.
The causes of this retracement can be sought in Powell’s words at the last speech but also in a growing fear due to the macro and geopolitical situation but not only.
Internal causes have certainly led the tokens to a retracement after a long run of about 40 days.
Eos.io (EOS)
Negative trend of Eos.io knows no rest, this week -3%, -1.62% only today.
The token has a market value of €0.99 for EOS.
The crypto has a daily volume of €121,395,158 while it is forty-seventh in market cap (€1,086,833,270).
Eos.io is in the business of making and simplifying the creation of dApps.
The blockchain automatically chooses performance allowing more TPS (Transaction per second) without any fees.
The dApps within the chain can be created with Web Assembly language, Java or C++.
EOS, Eos.io’s native token also serves as a credential to be able to vote on certain corporate decisions.
EOS is also used within the chain to obviate transaction costs.
The token cycle is the classic boom-and-bust and is characterized by two distinct phases.
In the first phase, investors bet big on the token and on the wave of enthusiasm and bought en masse, giving rise to a spike.
When the value was very high, confidence began to waver and sales were triggered with a very fast contagion of sentiment generating the downward spike.
The 13% increase since the beginning of the year also enjoys the wake of Binance’s adoption of Tether (USDT).
In essence, since December Binance has offered the ability to buy or sell USDT on Eos.io.
Dash (DASH)
The price of DASH, following a bullish start in 2023 (+28%), has retraced 2.87% today.
Dash (DASH) is a Fork of Litecoin (LTC) which in turn is also a fork of Bitcoin.
Evan Duffield and Kyle Hagan founders of the project have created an “heir” to BTC that offers privacy and speed in transactions.
With InstantSend, Dash settles transactions without waiting for confirmation from the blockchain.
With PrivateSend, on the other hand, Dash protects the privacy of users who choose the token.
DigiByte (DGB)
DigiByte (DGB) is a Bitcoin Fork that was born from the mind of Jared Tate (DigiMan to insiders) and is one of the oldest chains in the crypto world.
The chain is open source and DGB, its native token, was born back in 2014.
DigiByte makes use of entirely different algorithms, of which there are five in total and provide privacy and speed in exchanges.
DigiByte has a real Apple-style app store with smart contracts, a public ledger, and a protocol that is the real brains and connects the various nodes.
The value of DGB is losing 4.16% at the time of writing, stopping at €0.01.
DGB’s trading volume is 11.92 million euros while its market capitalization touches $160 million.
Founded in 2014, DigiByte aims to issue a total of 21 billion DGB by 2035.
As of today, just under 16 billion DigiBytes are on the market.
Source: https://en.cryptonomist.ch/2023/02/09/crypto-eos-io-dash-digibyte-lose-ground/