Price Analysis

DigiByte Price Analysis: DigiByte Fails to Cope with the Market on the 2nd Day as well

  • DigiByte is down by 1.34% in the 2nd day of market growth as well.
  • The coin with four major price swings is likely to take off a little late.

DigiByte, the 53rd ranked coin is down by 1.34% over the last 24 hours. The coin is moving contrary to the market trend. The four major price variations could not make the coin to step to the ladder in this period. The bullish medium-term expectations place the coin’s target for 2019 at 0.045 USD. Let us look at the current details of the coin now.

DigiByte Price Statistics-

DigiByte (DGB)2nd August 04:46 UTC
Rank53rd
ROI (Return on Investment)595.75%
Coin Circulation12,098,924,880 DGB
Market Cap125,236,994 USD
Value in USD0.01018619 USD
Value in BTC0.00000100 BTC
24h Volume1,670,535 USD

 

DigiByte to USD Price Comparison-

Digibyte price chart August 02
Bitcoin Price Chart by TradingView

DigiByte started yesterday with a big shock when the coin lost 0.0003 USD in the initial few hours by 06:46 UTC. However, the coin follows a hike of 3.35%, which took the coin to the highest point of the day at 0.01042 USD. This gain of 3.35%, however, was not a long-extended one. A sudden blow to the coin was seen over the next half an hour from the second swing. This blow cost the coin 0.0004 USD straight away. However, by the closing time, the coin managed to recover partially. With the latest hike, the coin reached 0.010408 USD. Since then, the coin has been facing difficulties to grow.

DigiByte Price Prediction-

The coin may close the day at 0.0105 USD after few hours of growth. As per experts’ prediction, it has high chances of breaching 0.045 USD before this year ends.

DigiByte (DGB)
1st Resistance0.010661667 USD
2nd Resistance0.010824333 USD
3rd Resistance0.011020667 USD
1st Support Level0.010302667 USD
2nd Support Level0.010106333 USD
3rd Support Level0.009943667 USD

 

Conclusion-

DGB, as an emerging coin, is way behind its peers as far as the recent growth in the market is concerned. However, this coin has huge potential which can be exploited for better returns in the future.

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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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