In an emerging crypto world, there are plenty of startups searching for a place to get recognized in the market. Many currencies are gaining the attention of investors to get established in the crypto space. Digibyte is one of the rapidly growing open-source blockchain and asset creation platforms.
After a huge roller coaster ride since the beginning of this year, do you think that Digibyte could reach $1?
Well, this piece of writing may provide you with a clear picture of the fundamentals of the platform and also the historic price movements since inception with the future price predictions. And hence, at the end of this composition, one can be quite clear as to what amount of DGB he/she can allocate in their portfolio.
|Market cap||$ 732,925,500.0000|
|Circulating Supply||$ 14,785,102,439.3527|
|Trading Volume||$ 19,200,032.0000|
|All time high||$ 0.1781 May 1, 2021|
|All time low||$ 0.0000 January 14, 2015|
DigiByte Fundamental Analysis
DigiByte is an open source blockchain and asset creation platform. It is a cryptocurrency project that focuses on decentralization, security and more importantly increased transaction speed, to develop digital assets that cannot be destroyed. This currency can be mined, bought and stored in the wallets.
DigiByte is a modification of Bitcoin which has three layers, namely, a smart contract “App Store”, a public ledger and the core protocol which features communicating nodes to repeat the transactions.
DigiByte was founded by Jared Tate , popularly known as the “Digiman’ who supervised its existence from development to its current setup. DigiByte’s operations not only depend on developers, but also the DigiByte foundation, a volunteer organization for inspecting the protection of the project. The DigiByte awareness team is responsible for the promotional activities.
DigiByte Price Prediction 2021
The new year’s fresh trade initiated with a $0.025 price and tried hard to maintain the uptrend. By the mid of February 2021, the price rose as high as $0.0808 but again fell down to $0.0517. However after maintaining within these levels for a moderate number of days, the price marked its all-time high on April 17, 2021 at $0.1647.
The price may hit a new high if it does not come across any hurdles and certain integrations and enhancing its protocol may lead to gain more investors as well as the users. By the end of 2021, DGB might be exchanged at $0.15.
DigiByte Price Prediction 2022
DigiByte might resume the year 2022 with a trading value of $0.18. Further, the price may accumulate if the community concentrates on more transparency and attracts the investors. The currency might conclude the year 2022 with a price of $0.2 to $0.25.
Price Prediction For The Next 5 Years
In 5 years, Digibyte may provide a seamless and user friendly platform for the transactions and might enhance the security of the users. DGB could break its price records and it might gain more price momentum with intensified market capitalization. By the end of 5 years, the digital currency might be traded at a higher value of $1 to $5.
DigiByte Market Prediction
There are plenty of predictors available in the market. Let us check some of the important marketers’ views on DigiByte.
According to WalletInvestor the DGB price is expected to jump from $0.125 to $0.15 in the coming year. And the price may rally up towards $0.30029 by the end of 2026.
The cryptonewz analysts predict the price to hit $0.18 by the end of the year which can rally to $0.21 by 2022. Further the price may reach $0.31 by 2025 and eventually pick up the pace along with other cryptocurrencies to head towards $1.
According to TradingBeasts, Digibyte could trade at $0.1265281 at the end of 2021 and would hit $0.1401783 by the end of 2024.
The DGB price may hit $0.1824 by the end of 2021 according to Digitalcoinprice that may rally to $0.377 by the end of 2025.
Our Price Prediction
DigiByte commenced the year 2021 with a cost of $0.02. Later, the price lighted an upward momentum. DGB might focus on certain platform advancements and certain integrations. The price is assumed to escalate if the bears could not hold the market for a longer time. It might grab the users and investors attention if it succeeds to strengthen the security and transaction speeds. By the end of 2021, Digibyte’s highest price is anticipated to be $1.95.
Historic Market Sentiments
DigiByte entered the market on 6th February 2014 with the opening price of $0.001232. The price started to fluctuate as DGB initiated its trade and continued to be stable for several years until 2017 with certain price differences.
The price continued to remain stable with lesser fluctuations until the end of May 2017 because of the minor improvements in the price DigiByte steadily started to surge. The price reached $0.017 at the end of May. Later, the price dramatically poured to $0.056 by the start of June. Further the price dropped to $0.019 at the end of June.
DigiByte managed to be in the flow as it was traded at $0.017 at the end of July. Later on the price continued to be at the same level with lesser fluctuations for several months. Surprisingly, the price reached $0.008 in the mid of November and further started to surge steadily. At the end of 2017 DigiByte was traded at $0.005.
On a bullish note, DigiByte entered the year 2018 with a spike. It was trading at $0.12 in early January. Later on the price started plunging to reach $0.04 at the end of January. The price managed to trade at the same level until the end of March. Further the price sank to $0.017 in the start of April and later surged to $0.05 by early May.
The price drastically fell to $0.02 at the end of June and surged to $0.04 at the end of July. Later on the price started to plunge until the end of December. At the end of 2018 DigiByte was traded at $0.010.
As bears started to drag the market, DigiByte commenced the year 2019 with its price $0.010 and further the price fluctuated for several months. The price hit $0.016 by early June and further plunged to $0.008 by the end of August. Later on DigiByte continued to be in the same price range with fewer fluctuations until December. The price arrived at $0.006 by the mid December. At the end of 2019, DigiByte was traded at $0.005.
DigiByte initiated the year 2020 with the same price of $0.05 which was traded at the end of 2019. Digibyte was traded at the range between $0.005 and 0.008 with minor fluctuations until the end of April. Later on the price climbed to hit $0.02 by the first week of May. The price started to plunge further for several months.
Later on the price spiked to $0.03 by the mid of August and further started to fluctuate. The value maintained the range of $0.02 until the mid of November. The coin continued to survive at $0.02 as the expansion of the Bitcoin price rally at the end of November. The currency remained stable with lesser fluctuations. At the end of 2020, DigiByte was traded at $0.024.
DigiByte is a crypto currency built on block chain technology like Bitcoin and Ethereum. It is widely recognized as one of the safest cryptocurrencies in the space. In fact, this is due to several parts of crypto technology (like the DigiShield or its 5 mining algorithms) that the project developed and implemented.
DigiByte can be bought in the various crypto exchanges like Binance, Bittrex, OKEx, VCC Exchange and many more.
Digibyte hardly takes 1 or 2 seconds to process a transaction.
DGB is a digital currency which can be used as a currency