An overview showing the statistics of DubaiCoin, such as the base and quote currency, the rank, and trading volume. To hide/show event marks, right click anywhere on the chart, and select “Hide Marks On Bars”. DBIX is down -0.15% against https://cryptolisting.org/ Ethereum and down -1.78% against Bitcoin in the last 1 month. There are currently 4,263,172 DubaiCoin coins circulating out of a max supply of 4,263,172. DubaiCoin (DBIX) is trading at $1.13 USD, increasing by 1,109.68% since yesterday.
- More details on India’s digital currency can be expected when the government releases its draft cryptocurrency rules.
- DBIX is down -0.15% against Ethereum and down -1.78% against Bitcoin in the last 1 month.
- Information on crypto.com showed that Dubaicoin was trading at roughly $0.17 but rose to $1.13 on May 27.
- The company claims that DubaiCoin is the first public blockchain-based cryptocurrency in the Arabic word.
- “Circulation of the new digital currency will be controlled by both the city itself and authorised brokers,” the company added in a statement.
However, investors should note that volatility in the crypto market remains on the higher side at the moment and analysts have cautioned against heavy investing. Meanwhile, cryptocurrency trade has been witnessing increased volatility for the past few weeks after China’s crackdown on virtual coins. Environmental concerns regarding Bitcoin mining has also impacted the entire cryptocurrency market. DubaiCoin is unlikely to work similarly to how other cryptocurrencies work. As mining of the digital currency increases, it will lead to higher volatility like all other cryptos.
Market Cap
Complete cryptocurrency market coverage with live coin prices, charts and crypto market cap featuring coins on 750 exchanges. In just 24 hours, the price of DubaiCoin (DBIX) has gained 1,000 per cent. On Friday, prices of popular cryptocurrencies including Bitcoin and Ethereum (Ether) improved marginally after trading weaker on Thursday.
Ethereum Meta Price Prediction, ETHM Forecast
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DubaiCoin Price on Different Markets
However, Arabchain said that the price will be regulated by the city of Dubai. The company claims that DubaiCoin is the first public blockchain-based cryptocurrency in the Arabic word. Arabianchain Technology has also said that people will soon be able to use DubaiCoin for purchasing products and services, both offline and online. Information on crypto.com showed that Dubaicoin was trading at roughly $0.17 but rose to $1.13 on May 27. The cryptocurrency was launched by the UAE-based company Arabianchain Technology. DubaiCoin (DBIX) is the #1218 largest cryptocurrency by market cap as of January 30, 2024, with a market cap of $4,834,349 USD.
The performance of DubaiCoin is likely to be closely followed by authorities in India who are working on creating the country’s first digital currency. More details on India’s digital currency can be expected when the government releases its draft cryptocurrency dubaicoin price rules. It may be noted that India’s RBI also has plans to launch the country’s own digital currency. “Circulation of the new digital currency will be controlled by both the city itself and authorised brokers,” the company added in a statement.
