- DigiByte: A Sneak Peak
- DigiByte: Module and Developments
- Partnerships
- DigiByte Price Prediction: Price History And Technical Analysis
- DigiByte Price Prediction: Experts Helpline
- Is DigiByte A Good Investment? When Should You Enter?
- Final Thoughts
According to our DigiByte price prediction, DigiByte is undoubtedly a great investment option, and it can see a price pump soon in the upcoming months.
Many aspects of the DigiByte blockchain network are being developed to give tough competition to leading pioneer networks like Bitcoin, Ethereum, and Litecoin. This coin has proved to be one of the dominating coins in the past. Let’s get a clear roadmap about its future potential from our DigiByte price prediction.
DigiByte: A Sneak Peak
DigiByte is an open-source blockchain network and asset creation platform. DigiByte points out the security and scalability issues in Bitcoin and Ethereum and aims to solve them. The speed rate, scalability, transaction processing time, and other aspects are treated as significant sectors of its development.
DigiByte is a faster blockchain network, and it targets the problem of transaction fees and on-chain volatility while serving as a channel for solutions. It is referred to as a blockchain network established on three separate layers.
The covering layer of this network is for DApps, smart contracts, and adjustable tokens of the DigiAssets protocol. The middle layer is the public ledger, where DigiByte’s native token, DGB, can flow across the entire network and acts as the primary asset. The DigiByte network’s heart is the lowermost layer, including client software, decentralized nodes, and communication.
The seed idea of DigiByte was coined by a lead developer, Jared Tate, in 2014. Jared Tate is also known as ‘Digiman’, and its Genesis block was officially mined in 2014. Let’s take a look at its current details.
| Cryptocurrency | DigiByte |
| Symbol | DGB |
| Price | $0.013 |
| Price Change 24h | +1.51% |
| Price Change 7d | +11.05% |
| Market cap | $203,669,540 |
| Circulating Supply | 15,557,209,378 DGB |
| Trading Volume | $18,098,736 |
| All time high | $0.1825 |
| All time low | $0.00002028 |
| Digibyte ROI | +780.5% |
DigiByte: Module and Developments
Global DigiByte blockchain’s unique feature is that it utilizes five DigiByte mining algorithms while other blockchains only use one. These five separate mining algorithms secure the network from mining centralization and enhance its security. These algorithms include SHA256, Scrypt, Groestl, Skein, and Qubi.
On top of the multi-algorithm mining, the DigiByte blockchain assures that it executes the most advanced difficulty stability than any other modern blockchain. The progressive difficulty adjustment feature protects the network from vicious attacks and unites its security. Thus, according to our DigiByte price prediction, this token has a favorable future price.
DigiByte blocks were designed as a secure, flexible, and adaptable infrastructure to introduce new services and features to the crypto community. The foundation team is working on the mining algorithms and aims to improve its existing five algorithms. DigiByte has been a top performer since the covid-19 led market crash, and its future looks promising.
Partnerships
DigiByte confirms that it is actively looking to partner with corporate organizations. If large companies adopt the DGB token in the future, it will massively influence the DigiByte price. In 2018, the blockchain firm hired a public relations agency’s services to push its brand forward. This was an excellent move and helped DigByte acquire new partnerships.
In 2018, DigiByte partnered with Investa UK to integrate DGB tokens in its debit cards and ATMs worldwide. Through these partnerships, DigiByte became listed on major exchanges like Coinbase, Binance etc.
DigiByte Price Prediction: Price History And Technical Analysis
Since its launch, DigiByte did not see much price action in the first three years, staying below $0.0004. Knowing DigiByte’s past potential is essential to get a clear view of our DigiByte price prediction.
During the summer of 2017, the coin started a positive trend and saw its first spike. Investors who acquired DGB early made a three-fold profit when the DigiByte price reached $0.001. In early 2018, the price of DGB touched a record high of 13 cents per DGB token with $1.2 billion in total market capitalization. Unfortunately, the pull-back phase knocked in and drove the cryptocurrency downwards. The sharp retracement converted into a broad bearish trend, and indicators dropped. Another notable pricing event occurred when the price of DGB rose from $0.017 to $0.049 in April 2018, gaining more than 185%. Afterwards, its price plummeted to a low of $0.004 in 2020.
DigiByte is currently trading at $0.013 with a market cap of $203,669,540. It is ranked 145 in terms of market capitalization. The Bollinger band’s upper limit is $0.02; if this resistance level breaks, then we can see its price towards $0.045. Conversely, the Bollinger band’s lower limit is $0.008. Our DigiByte price prediction says that below this support level, it can drop to $0.005. RSI and MACD are indicating a slight bullish momentum, and we can see a small upward movement soon.
By the end of 2022, DigiByte’s price can be $0.015, and it may reach a high of $0.016. According to our DigiByte price prediction, DigiByte is predicted to be as low as $0.045 in 2025, and in 2030, its price can skyrocket and touch $0.4.
DigiByte Price Prediction: Experts Helpline
According to Wallet Investor’s DigiByte price prediction, a long-term increase is expected; the DGB price prediction for 2027 average price is $0.156. With a 5-year investment, the revenue is expected to be around +531.58%.
Trading Beast’s DigiByte price prediction says that the DigiByte price is forecasted to reach $0.030 by the beginning of December 2022. The expected maximum price is $0.040, and the minimum price is $0.0327. The DigiByte price prediction (2022) predicts the average price of DigiByte to be $0.038 by the end of the year.
Is DigiByte A Good Investment? When Should You Enter?
DigiByte is constantly going forward on a positive note, and it can prove to be one of the dominating cryptocurrencies in the market. According to our DigiByte price prediction, a price of $0.01 can be a good buying opportunity for a great return in the long term.
Final Thoughts
The roadmap of DigiByte claims itself as a major player in the world of digital transactions and solutions. This network guarantees to provide a platform for decentralized applications for users and providers, rooting the creation of benefits and hope. However, with an annual inflation rate of over 11% and 21 billion DGB tokens, it will take a big surge for DigiByte coin price to exceed $1. Our DigiByte price prediction says that DigiByte can be a game-changing coin in the future; however, you should research before investing in the crypto market.
