Cryptocurrency is on a steady rise in the investor market. This has led to the market is highly competitive and even untrustworthy in many cases. There have been various scams related to cryptocurrency too, so how to find the best place to invest?
DIGau is one such rising competitor that has taken the market by storm. Why so? Read on to know the specifics, why, how, and what.
What Is DIGau?
DIGau is a relatively new cryptocurrency that is backed by Kent Swig, the owner of Terra Holdings and a real investor. It is also backed by Dignity Gold and about $6 billion in gold. You might be shocked to hear the amount here, $6 billion, but the fact that it is backed by two bigwigs in real estate and gold makes it quite unsurprising.
Because it is pegged with gold, it rises and loses value according to the value of gold itself. This is called a stablecoin. DIGau is the best stablecoin around at the moment. This means that if you invest in it right now, there’s a good chance that you will make huge profits.
DIGau is definitely worth the risk. While other cryptocurrencies have a shady background or are prone to fluctuations, DIGau has a very simple background, is transparent, and has its base in gold, which is almost always on the rise.
The Hype Surrounding It
The hype is real for DIGau in the financial markets. That is natural if you are being backed by $6 billion in gold. Another factor that affects the hype is the fact that gold prices are ever-increasing. Other cryptocurrencies like bitcoin are not stable. DIGau is stabilized due to the fact that it is pegged to gold.
All these factors generate huge hype for this cryptocurrency. Although this is not the first attempt in joining gold and crypto, the other endeavors have not been too successful. DIGau is different because it has a lot of credibility from the very start. Inflation in the prices of gold only works in its favor.
Investors have been keen on investing in this crypto. The main reasons are the ones stated above. So, if you’re an aspiring investor or a person casually looking for some good investment options, DIGau is a good option.
Is It Worth It?
In short, it’s definitely worth a shot. All the reasons listed above are good reasons in themselves why you should invest in DIGau. Investing is a risky endeavor; let’s be clear about that. But it is also a quick way to earn a lot of money. The moral of the story is that the higher the risk, the higher the return.
The main reason why you should invest in cryptocurrency is to earn money. That’s the basic motive everywhere, isn’t it? DIGau is backed by $6 billion gold (and this is the 6 billionth time it’s being mentioned, but it’s true) which makes it a very good option to invest in. The people who back it, Kent Swig and Dignity Gold, have a lot of credibilities and a lot at stake if this crypto loses value.
It is up to you to decide whether this cryptocurrency is worth investing your money in. If you think that it is, then go ahead, it is definitely something that is worth investing in.
Cryptocurrency is a risk no matter how you look at it. But with great risk come great returns. DIGau is worth investing in, no matter how you look at it. The fact that many investors have already invested in it and the prices of gold have been on the rise recently are factors that make this crypto very viable.
In the end, it is your choice whether to invest or not. Let the general opinion not sway your mind; think of it yourself, and then invest.
Featured Image: dignitygold.com