Price Analysis

Digibyte (DGB) Price Analysis: Bifti adds DigiByte to its wallet, DGB Trend can soon turn Bullish

  • Bifti announces DigiByte wallet.
  • Price upsurge is expected to occur in the near future.

The global payment company, Bifti has added DigiByte to its existing list of coins. As per the latest update, DigiByte completed the requirements of enrolling in Bifti and has taken up by the company.

Bifti is also planning to develop a payment technology where the users will be allowed to store digital assets without storing the private key.

The news broke as the beam of light amongst the investors. The recent price drop is expected to recover soon. Bifti has a huge number of followers, and with the recent announcement, DigiByte would have access to all.

DigiByte Price Statistics:

The chart from TradingView on 6th June 2019, at 11:11 UTC for price analysis.

Digibyte Price Chart

 

Particulars Statistics
Rank50
Price$0.01440941 USD
ROI872.40%
Circulating Supply11,879,915,557 DGB
Market Cap$171,989,155 USD
24h Volume$2,985,405 USD

Looking at the chart, on 5th June 2019, DGB traded at $0.01466, the price dropped but again picked up and touched $0.0147. The second half of the day experienced an upwards and downward movement together. DGB closed around $0.0143 yesterday. Today, the price touched a high at $0.0145 and is presently trading at $0.0144.

DigiByte Comparison:

If we compare the data from the beginning of the year until today, we will get an accumulated result. On 1st Jan 2019, DGB was around $0.010456, and now it is around $0.014409. The progression of the same is  37.71%.

For a more precise picture, let’s compare the prices from last month with that of today. On 10th May 2019, the price was marked as $0.00912 and now it $0.01440. The graph is again indicating a progression of 57.8%.

DigiByte Price Prediction and Conclusion:

Although the past was showing a bullish trend, the present is not the same. DigiByte (DGB) is behaving extremely volatile lately. Bifti news is undoubtedly good, but it will take time to show results.

For now, we would recommend the investors to keep it tight and wait for some to get exact price predictions. The price forecast based on volatile trend is usually vague. For short term investors, it could be the best buy-in time as in a few months the price could show a subsequent growth.

The long term investors are requested to wait for some time until the price trend turns positive.

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Scott Cook

Scott Cook got into crypto world since 2010. He has worked as a news writer for three years in some of the foremost publications. He recently joined our team as a crypto news writer. He regularly contributes latest happenings of crypto industry. In addition to that, he is very good at technical analysis.

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