DigiByte rides on a bullish horse, expected to rise by 6,000%

DigiByte’s DGB is poised to rise further in the future. It is currently up by 3.68% in the last 24 hours, exchanging hands at $0.01658. An ideal scenario sees the token climb as high as $0.18 before breaking out at $1 eventually. The most anticipated rise is 6,000%. Several markers, including the Relative Strength Index, show the potential of a bullish run.

Different support levels have been drawn, primarily to strengthen the speculation. The least is $0.0075. A constant drop is expected, sending waves of sentiment that this might not be a good time to buy the token. Nevertheless, the buyers of dip will remain unhindered. Their portfolios will see the accumulation of DGB potentially for a long-term gain.

That said, accumulation is not recommended by analysts for those who seek to take profits home in the short term, mostly within the next 6 months. The market, however, could still break out of its shell if Bitcoin Halving dances to loud tunes. DigiByte is currently expected to close in 2024 at $0.0288. This is still a rise from the current value, paving the way for the token to end the decade in 2030 at $0.1138.

Assuming the RSI and oscillator remain impartial, the token may achieve a dollar milestone before this decade ends. The growth to 18 cents is expected to happen by the end of 2025. Alternatively, the future of DigiByte paints a picture to demonstrate that the token could dance around $0.0327 before beginning in 2026.

The market cap and 24-hour volume are experiencing fluctuations in line with prevailing volatility. The market cap is up by 4.63%, while the 24-hour volume is down by 26.77% at the time of drafting this article. DGB has entered the top 300 tokens on the list in terms of both aspects. However, the aim is to boost the ranking and ensure that it not only achieves the target on time but also highlights the rise in the market.

The year 2028 could be significant for DigiByte’s native ecosystem. The token is expected to encounter a series of losses. That would essentially allow the token to bounce back for a recovery in market cap in token value. The year 2028 is not an isolated scenario. It spans every year that is upcoming in the timeline.

All the possible scenarios for DigiByte come a day after platforms open the door for claiming DGB tokens in an airdrop. Users only have to connect their wallets and verify their engagement. This will make them eligible for receiving tokens and completing the token acquisition.

That said, the rise and probable fall of DigiByte’s DGB are subjected to volatility and uncertainty. This is not investment advice but a brief on the possible outcomes. Allocate funds to DGB, or any other crypto, for that matter, only after research and risk assessment.

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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