Price Analysis

DigiByte (DGB) Price Analysis: Is DigiByte A Good Investment?

DGB group is centered around relieving the wasteful aspects that are commonly viewed as restricting Bitcoin’s ease of use as changeless cash with speed being a major factor.

  • This novel methodology appears to have satisfied thinking about that the DGB arrange as of now traverses six landmasses with a sum of more than 100,000 hubs.
  • Digishield protocol also enhances the security factor of the network.

Now let us analyze the current price of the coin:

Digibyte

  • Current ranking of the coin is number 50.
  • As per 9:26 UTC time, the market value of the coin was $173,129,847.
  • Price of the coin is 0.014646.
  • 24-hour volume figures are 5,594,654
  • 11,821,007,352 coins are currently in circulation.

Comparison:

  • On 7-February-2019, there was a sharp decline in the price of the coin and price reduced to 008390 USD as per 2:01 UTC time.
  • As compared to the price decline on 7-February-2019, the current price of the coin shows an upward trend by around 75%.
  • Price of the coin has seen some ups and downs since February, however, now seems to be fairly stable.

Prediction:

  • It can be predicted that the price of the coin would somewhere reach around 0.0806 USD by the end of this year.
  • Before the finish of 2020, DGB may reach 0.109 USD, which can be a major leap forward in Digi Byte’s evaluating.

Conclusion:

Recently, Digi Bytes has started with the pilot phase of Digi Assets on its blockchain platform that would lead to high demand by the Dapp developers. Digi Byte’s deployments in innovations like Digi Shield and Digi Assets has helped to extend more than 200,000 hubs in 5 years’ time period. Digi byte’s time is yet to come, and it is definitely a good and robust investment as it can become the most popular coin by 2023. Considering the future developments in the coin, it is a definitely good option to invest in and retain the same at least till 2023.

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Roxanne Williams

Roxanne Williams has recently joined as a market reporter for CryptoNewsZ - the 24/7 crypto news site, where she produces recent stories, technical analysis and price updates on world's leading cryptocurrencies.

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