Price Analysis

DigiByte Price Analysis: Will Bear Push The DGB Price Down?

  • DigiByte price has fallen due to the ongoing bear pressure in the crypto market

The bearish sentiment in the current crypto market scenario has pushed the DGB price also in the lower range as seen from the 5-day chart where the DigiByte price is oscillating in the range of $0.0093 – $0.0100.

Current Statistics of DigiByte:

As on August 13, 2019, at 3:15 UTC, current statistics are as below:

  • DigiByte price is trading at $0.009640
  • The Market Cap is around $117,095,232
  • 24-hour volume is at $1,099,847
  • ROI is at a good 547.83%
  • Circulating Supply is at a 12,140,448,136 DGB

DGB to USD Price Comparison:

Digibyte Price Prediction
Digibyte Price Chart by TradingView

The bears had affected the price of DGB coin like most coins as can be seen from the 5-day DigiByte chart. From a low of $0.00964997 on Aug 08, the DGB price rose to $0.01000702 on Aug 09 within 7h 55m to the extent of 3.86%. In 1d on Aug 10, the price lowered to $0.009373 to the tune of 6.38%. In a matter of 1d 14h 50m on Aug 12, the DigiByte price had rallied to the extent of 7.09% at $0.01003829. Today the DGB price is lower at $0.009640 to the extent of almost 4%. DGB coin is working hard to recover from the bear market but still has a long way to go.

DigiByte Price Prediction & Conclusion:

 The coin has a lot of potentials but has mainly been undervalued. It has also been under the bear pressure like other crypto coins. DGB coin has seen a lot of downward variations since the bear market set in. Analysts feel the coin should bounce back soon.

DGB coin is a good bet for the short-term traders who can make gains if they time their investments in a proper manner. Long-term investors should hold their investments until the market shows some sort of 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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