The crypto market has seen its fair share of developments this year from the extended bearish period to the past two months of steady growth. However, one trend that has surprised many crypto analysts has been the isolation of Altcoins from Bitcoin’s rise in price.
Digibyte (DGB) falls into this category as the coin has not necessary shot up in value since the rebound of the crypto market late March. This has brought about criticism from some quarters about the apparent stagnation of the coin.
However, this point of view is skewed as when you look at DGB critically it is easy to note that the coin has a bright future ahead. Digibyte (DGB) has proven over time that it is a viable currency that wants to achieve true decentralization.
Digibyte (DGB) The Truly Decentralised Platform
The blockchain platform has ensured parity on its network as it is difficult to mine the coin with specialized mining hardware. This is because it utilizes five mining algorithms which include the Odocrypt hash algorithm that is native to the blockchain.
The increase decentralization of Digibyte makes it more secure than most digitokens in the crypto space making it an attractive digiasset for investors. The coin has shown some signs of positive signs that bode well for the future in recent days.
It would be a smart move to accumulate DGB at its current price and Hodl for the future as the Bull run is coming soon.
Digibyte (DGB) Current Price Analysis
- Digibyte (DGB) ranks 50 on the list of largest coins based in Market Cap
- As of the time of writing, the price of the coin was $0.014236 USD
- Total market value of DGB is $168,288,731 USD
- 24-hour trading volume is $5,520,729 USD
- Total coins in circulation 11,821,270,802 DGB
Digibyte (DGB) Price Comparison Statistics
Digibyte experienced its highest price increase on 3-April-2019 with the price coin hitting $0.016014 with a market cap of $186 million.
Current market cap has increased by 10.20% when compared to yesterday’s figures and the price of the coin is also up by the same percentage.
When compared to the price increase on 3-April-19 the current price of the coin shows an 11% loss in value of the coin.
Digibyte Price Prediction
Digiyte (DGB) has shown its lasting endurance in the market as one of the oldest coins which gives it leverage during this period.
We expect the coin to continue its recent rebound for the next few days as it looks to hit the 0.02 mark before the end of May.