Price Analysis

DigiByte Price Analysis: DigiByte Hops from 53rd position to 48th in no time

  • DigiByte moves from 53rd to 48th over just 2 days.
  • The bullish medium-term places the target at 0.025 USD.

Amidst glooming hours in the whole sectors, DigiByte (DGB) has not only sustained its previous price but it also grew by almost 1.3%. Over the last 24 hours, it has shown some major price swings. Here is an analysis of DigiByte’s price movement in the last 24 hours. The medium-term outlook of the coin is bullish. By the end of this year, the coin may get to as high as 0.025 USD. Let us look at the current details of the coin now.

DigiByte Price Statistics-

DigiByte (DGB)20th July 02:32 UTC
Rank48th
ROI (Return on Investment)706.89%
Coin Circulation12,048,833,016 DGB
Market Cap136,582,781 USD
Value in USD0.01165916 USD
Value in BTC0.00000108 BTC
24h Volume2,027,793 USD

DigiByte to USD Price Comparison-Digibyte Price Chart - 20 July

DigiByte faced the first fall of 8.11% between 03:08 UTC and 10:29 UTC. This fall cost the coin 0.0009 USD. It was followed by a hike of 5.26%. This hike happened between 10:29 UTC and 12:08 UTC and it added 0.0005 USD to the value of DigiByte. The next variation was a fall of 4.27% between 12:08 UTC and 15:14 UTC. This fall cost the coin 0.0004 USD. The fourth swing was a steep hike in the price. It happened between 15:14 UTC and 00:43 UTC of today. This hike of 6.33% added 0.0007 USD to the value of each coin. The last variation was a fall of 3.01% over the next 87 minutes from 00:43 UTC. This fall deducted 0.0003 USD. These are the five major price swings in the last 24 hours. All of them lie in the range of 3% and 8%.

DigiByte Price Prediction-

The coin has a bullish medium-term outlook. By the end of 2019, the coin is likely to be around 0.025 USD. The next resistance points are 0.012283667 USD, 0.012669333 USD, and 0.013233667 USD. The support levels are 0.011333667 USD, 0.010769333 USD, and 0.010383667 USD.

Conclusion-

The coin is improving its position gradually and its stability hints at its will to become a major reliable coin. Existing holders need to wait until the end of this year to realize maximum returns.

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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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