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Price Analysis

DigiByte (DGB) Price Analysis: Will DGB Embark on a New Journey with the Current Momentum?

  • DigiByte price has taken some positive strides over the past 5 days

DGB coin was severely affected by the crypto market volatility like most major altcoins. But of late, there seems to be a ray of hope in the market as the prices are trying to consolidate their positions. The 5-day DigiByte chart presents a positive picture with the prices picking up and fluctuating in the range of $0.0084 – $0.0094.

Current Statistics of DigiByte

As on August 20, 2019, at 3:59:03 UTC, current statistics are as follows:

DigiByte price chart - Aug 20
DigiByte Chart By TradingView
  • DGB price is trading at $0.009240
  • Current market cap is around $111,476,299
  • 24-hour volume is at $1,240,173
  • ROI is at a good 515.39 %
  • Circulating supply is at 12,167,128,728 DGB

DGB to USD Price Comparison

The past few days have been good for the DigiByte as the price has mostly shown upward movements. From a low of $0.008494 on Aug 15, the price rose to $0.00945125 on the same day within a time span of 16 hours to the tune of 11.30%. Within the next 8 hours on Aug 16, the DGB price, however, fell to $0.00877230 to the tune of 7.05%. The price of DigiByte managed to bounce back within 10 hours on the same day to $0.009412 to the extent of 7.33%. The price fell to $0.008833 on Aug 17 to the tune of 5.99%. DigiByte price recovered to the extent of 6.27% on Aug 19 in a matter of a day at $0.009387. Today, DGB price has lowered to $0.0092400 to the tune of 2.13%. There has been some positivity in the otherwise volatile market over the past few days.

DigiByte Price Prediction

DGB is a coin with great potential. The bears had been controlling its price like that of other major altcoins in the crypto market, but now it looks like the bulls are ready to make a comeback. The prices are slowly and steadily regaining their rally. Analysts expect the temporary bear phase to fade out soon and make way for the bulls.

Conclusion

With Bitcoin leading the rally and other coins following it, investors can relax a bit and hold onto their investments for a long-term haul. Short-term investors can gain if they show a little more patience and wait for the crypto market to show more stability.

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Trevor Holman

Trevor Holman follows crypto industry since 2011. He joined CryptoNewsZ as a news writer and he provides technical analysis pieces and current market data. He is also an avid trader. In his free time, he loves to explore unexplored places.

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