Price Analysis

DigiByte Price Analysis: Bitfi Enrollment Likely To Encourage DGB Price Recovery

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DigiByte (DGB) is recently added to the Bitfi wallet among 20 currencies. Bitfi has 7 cryptocurrencies out of 20. DigiByte completed the enrolment requirement and got accepted by Bitfi. The news brought new hope amongst the investors, and the result of the news is evident on the price chart of the crypto market.

DigiByte (DGB) is showing a steady recovery in the prices, which indicates that price will not take more than a week to swim out of the recent price drop. The investors have turned keen towards the currency after the news broke.

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We are expecting some more traffic in the coming days.

Current Statistics of DigiByte (DGB)-

The chart is taken from Trading View on 8th June 2019, at 10:38 for price analysis.

DigiByte Price Chart - 8 June

Summary of Statistics:

  • The price of DigiByte (DGB) is USD 0.014708.
  • DigiByte (DGB) is at the 49th rank in the crypto market.
  • The market capitalization of DigiByte (DGB) is USD 174,842,188.
  • The 24hr volume of DigiByte stands at USD 2,673,565.
  • The circulating supply of DigiByte (DGB) is USD 2,673,565.

DigiByte Price Chart - 8 June

The chart is reflecting growth in price of DigiByte. In March 2019, the DigiByte was at $0.01099 on the first day of the month. The price kept on the growing and reached at $0.01601 in April 2019. With ups and downs, the price of DigiByte (DGB) reached till 0.01700 in May 2019.

If we compare the price of DigiByte from the price on 1st March 2019 with today’s price, i.e., $0.01448, then a growth by 32%, is observed.

To get a more precise picture, let’s have a look at the charts of the last five days. On 3rd June 2019, the price of DigiByte was dealing around $0.017036. The price was soon caught under the selling pressure and dropped. The price touched a low at $0.01347.

DGB Price Prediction and Conclusion:

DigiByte (DGB) is in the recovery mode. The price will soon show a brighter day to the investors. By the end of 2019, the price of DigiByte (DGB) is likely to touch $0.02. In the coming years, the prices may rise by 3%-4%.

The long term investors can dig in DigiByte for huge returns. The short term investors can also follow the same trend. The current situation is dicey for intraday investors, so we would recommend staying put for a few days.

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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