Investment in DigiByte: Things You Should Know
It is an interesting time to be in the cryptocurrency domain, with many digital coins registering their all-time high values in 2021. Many digital currencies are making headlines, and prominent among these is DGB. DGB is the native token of DigiByte Blockchain, which has carved a place for itself by specifically focusing on cybersecurity and the Internet of Things (IoT). The blockchain was launched by Jared Tate in 2014, and despite its similarity to Bitcoin’s protocol, the blockchain has been able to find a specific role for itself in the cybersecurity sphere. Its native DGB coin is also doing very well among the ongoing cryptocurrency market rally and has achieved its all-time high of $0.15 a couple of days back. However, its value is down at $0.13 on a day, with a decrease of 8.73%.
DigiByte blockchain project has several distinctions to its account. First of all, unlike many other blockchains, this project is purely driven by community members. There is no centralized authority, and the specific application of the blockchain is focused on the security of the web and IoT. The transaction speed of the blockchain is the best in the industry, and it is also having the longest UTXO among the open ledger projects. A vast and growing community of the DigiByte is another ace up its sleeve that helps the blockchain find a place in many real-world projects such as V-ID and AntumID, among others.
The recent news of Coinbase that is considering many new cryptocurrencies for the listing purpose also includes the name of DigiByte. According to the information, the cryptocurrency exchange will announce support for many new digital assets for its trading and custodial platform. DGB, along with eight other cryptocurrencies, are entering the review process, and hopefully, it will get the nod of Coinbase for listing purposes.
Once that happens, the digibyte price prediction is expected to get a fillip as listing on Coinbase, the largest cryptocurrency exchange in the world will be positive news for the community and holders of DGB around the globe. The prices are expected to get a boost, and it will be interesting to witness how much increase in the value DGB will receive through the process of listing.
Given the recent trend in the prices of the entire cryptocurrency domain, the investment in the DGB can turn out to be a productive one. DGB has shown a good upward trend recently, and if it gets listed on Coinbase, it should show further positive price momentum in its price in the future.
