Constellation Trading Down 8% Over Last Week (DAG)

Constellation (DAG) traded down 0.6% against the US dollar during the one day period ending at 11:00 AM Eastern on January 16th. In the last week, Constellation has traded down 8% against the US dollar. Constellation has a market cap of $34.12 million and $528.88 thousand worth of Constellation was traded on exchanges in the last day. One Constellation coin can now be purchased for approximately $0.0119 or 0.00000013 BTC on popular exchanges.

Here is how related cryptocurrencies have performed in the last day:

• Aidi Finance (BSC) (AIDI) traded 2.2% lower against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Zoo Token (ZOOT) traded 2.2% lower against the dollar and now trades at $0.0652 or 0.00000239 BTC.
• CareCoin (CARES) traded 2.2% lower against the dollar and now trades at $0.0809 or 0.00000297 BTC.
• Hokkaidu Inu (HOKK) traded 1.2% higher against the dollar and now trades at $0.0004 or 0.00000001 BTC.
• Jeff in Space (JEFF) traded down 2.2% against the dollar and now trades at $2.75 or 0.00010076 BTC.
• SolvBTC (SOLVBTC) traded 1.3% lower against the dollar and now trades at $94,398.69 or 0.99848588 BTC.
• Lumi Credits (LUMI) traded 8.9% higher against the dollar and now trades at $0.0162 or 0.00000027 BTC.
• AXIA Coin (AXC) traded 0.1% lower against the dollar and now trades at $13.43 or 0.00048094 BTC.

Constellation Coin Profile

Constellation launched on January 1st, 2018. Constellation’s total supply is 3,003,804,388 coins and its circulating supply is 2,873,448,318 coins. The official website for Constellation is www.constellationnetwork.io. The Reddit community for Constellation is https://reddit.com/r/constellation and the currency’s Github account can be viewed here. Constellation’s official Twitter account is @conste11ation and its Facebook page is accessible here. The official message board for Constellation is medium.com/constellationlabs.

According to CryptoCompare, “Constellation is a Horizontally Scalable Blockchain with mobile support. By “Horizontal Scalable”, is mentioned that Network capacity is proportional to the user adoption, which concedes the network the strength to have more and more users in a medium to far future. Constellation will work with its own smart contacts to support blockchain's microservices. In addition, the platform uses reputation-based incentives in order to remove the costs from transactions fees.The Constellation Network is composed of $DAG nodes, state channel nodes, and ‘hybrid’ nodes, which perform consensus for multiple state channels and $DAG. Each state channel can ‘license’ or share its data to accounts, either by granting access rights via payment in $DAG or a throughput allowance for validating data as a node operator (sole state channel node or hybrid). Hybrid nodes allow for direct license exchange via atomic commits from hybrid nodes.$DAG is the financial state channel of the Constellation Network. It allows for seamless exchange and interaction between the various state channels and nodes that make up the Network. $DAG binds the network components together so that they relate to one another.$DAG provides a second functional value as tokenized throughput or bandwidth on the network. At the same time, basic rate-limited functionality will remain free, allowing users to send single transactions for one-off P2P payments. For any serious data processing or data exchanges, more throughput is needed. This is acquired through $DAG micropayments or by contributing resources as a node operator to the network.The DAG token was  released first as an ERC20 cryptocurrency, now migrated to its own mainnet and become the Constellation native token.”

Buying and Selling Constellation

It is usually not currently possible to purchase alternative cryptocurrencies such as Constellation directly using US dollars. Investors seeking to trade Constellation should first purchase Ethereum or Bitcoin using an exchange that deals in US dollars such as Gemini, Coinbase or GDAX. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Constellation using one of the aforementioned exchanges.

DAG/USD price chart by TradingView