Diamond (DMD) Market Capitalization Tops $3.75 Million

Diamond (CURRENCY:DMD) traded up 5.6% against the U.S. dollar during the 1 day period ending at 11:00 AM ET on June 12th. One Diamond coin can now be bought for approximately $1.16 or 0.00014191 BTC on popular exchanges including CryptoBridge, Bittrex and Livecoin. During the last week, Diamond has traded 2.6% higher against the U.S. dollar. Diamond has a market capitalization of $3.75 million and $1,579.00 worth of Diamond was traded on exchanges in the last day.

Here is how other cryptocurrencies have performed during the last day:

  • Groestlcoin (GRS) traded up 4.2% against the dollar and now trades at $0.46 or 0.00005651 BTC.
  • Karma (KRM) traded 6.1% lower against the dollar and now trades at $0.0004 or 0.00000005 BTC.
  • Riecoin (RIC) traded flat against the dollar and now trades at $0.0070 or 0.00000093 BTC.
  • FairGame (FAIR) traded 2% higher against the dollar and now trades at $0.0036 or 0.00000044 BTC.
  • MicroBitcoin (MBC) traded down 0.2% against the dollar and now trades at $0.0001 or 0.00000001 BTC.

Diamond Coin Profile

Diamond (CRYPTO:DMD) is a PoW/PoS coin that uses the Groestl hashing algorithm. Its launch date was July 13th, 2013. Diamond’s total supply is 3,233,450 coins. The official website for Diamond is bit.diamonds. Diamond’s official Twitter account is @dmdcoin and its Facebook page is accessible here. The Reddit community for Diamond is /r/dmd and the currency’s Github account can be viewed here.

According to CryptoCompare, “Algorithm is ASIC resistant Grøstl. 4.38 million total coins. Block solving target time ~ 100 seconds. Low transaction fee at 0.001. Mean time per block under 60 seconds. Difficulty retargets at every block. Endless Hybrid Network Security. Transaction Message. Fast and secure transactions with 6 required confirmations. Provision for continuous promotion and development. Brand new code base with up to date security patches and significant performance improvements.   “

Buying and Selling Diamond

Diamond can be traded on the following cryptocurrency exchanges: CryptoBridge, Livecoin and Bittrex. It is usually not possible to buy alternative cryptocurrencies such as Diamond directly using US dollars. Investors seeking to acquire Diamond should first buy Ethereum or Bitcoin using an exchange that deals in US dollars such as Coinbase, GDAX or Gemini. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Diamond using one of the exchanges listed above.

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