Price Analysis

DigiByte Price Analysis: DigiByte (DGB) Fails to Fetch a Decent Run

DigiByte is one of the significant coins of the current times. In consonance with the contemporary situation, the coin has also lost some slight margin of value in the last 24 hours. DGB coin has shown four major price swings in the last 24 hours. However, the medium-term outlook of the coin is bullish, and it may reach as high as 0.025 USD by the end of 2019. Let us look at the current details of the coin now.

Current Statistics of DigiByte-

DigiByte (DGB)22nd July 03:44 UTC
Rank53rd
ROI (Return on Investment)699.00%
Coin Circulation12,056,748,804 DGB
Market Cap143,493,892 USD
Value in USD0.01188591 USD
Value in BTC0.00000112 BTC
24h Volume1,339,924 USD

DGB to USD Price Comparison-

DGB price chart - 22 July 2019
DigiByte Price Chart by TradingView

DigiByte faced its first fall of the day between 00:58 UTC and 08:13 UTC. This fall of 3.65% cost the coin 0.0004 USD. The next is another steep fall of 4.08% between 09:27 UTC and 17:33 UTC. This deducted 0.0004 USD from the value of each DGB coin. It was followed by a swift hike of 4.38% over the next 4 hours and 33 minutes from 17:33 UTC. This added 0.0005 USD to the coin. The last variation was a fall of 1.99% that happened between 22:07 UTC and 03:19 UTC. This fall cost the coin 0.0002 USD. These are the four major DGB price swings in the last 24 hours. All of the swings lie in the range of 2% and 4%.

DigiByte Price Prediction-

DigiByte has a bullish medium-term outlook. The coin may get to as high as 0.025 USD, by the end of this year. The next resistance points are 0.01232 USD, 0.01274 USD, and 0.01313 USD. The support levels are 0.01151 USD, 0.01112 USD, and 0.01070 USD.

Conclusion-

DGB coin is following the norms set by the whole market. Its stability should take the coin near a price rally very soon. Existing holders are advised to keep patience until the year’s end for maximum yields.

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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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