The DigiByte venture threw down a gauntlet to such giants as Bitcoin and Ethereum with regard to execution. The squad is working on improvements, offering great solutions, and landing solid partnerships. The native token is adopted as a payment method in the UK-based Investa.
What’s more important, the community here is super supportive and “championing” the venture. Thus, all of that makes the idea and the token attractive for traders and investors. But there’s so much to add to this. Now, what do they offer to the crypto market as well as what’s the trustworthy DigiByte price prediction to get into the game successfully? Let’s get to know.
What is DigiByte (DGB)?
DigiByte came out to tackle some crucial issues that Bitcoin and Ethereum have. These are the current pace of operations, scalability, decentralization, and safety. And it did in 2014 thanks to its head developer Jared Tate. Obviously, the technological solution behind the venture is pretty solid, making it stand out from the pack. So, this UTXO blockchain was created to ensure flash-like block speed. For the record, Bitcoin’s block time is about 15 seconds.
Like many online public ledgers, this one is an open-source and asset development platform. The team states that Bitcoin and Ethereum have sound limitations when it’s about safety and scalability. DigiByte provides more of that, and it also features five separate mining algorithms. One of them is exploited by most blockchains, but all of them ensure safety throughout the whole mining network.
It has no commissions and fast transfers. Users can spend ten minutes waiting for Bitcoins transactions to be approved, while for DigiByte ones – a few seconds. Thus, the DigiByte is a time-efficient blockchain as well. People can transfer the coins and do not pay any commissions, nor sign in.
The DigiByte price prediction for the future always depends on current developments the team undertakes. The project is a work in progress, meaning the team is working on continuous improvements after more than 7 years. Nowadays, it is one of the advanced blockchains, particularly thanks to its know-how solution Segregated Witness.
This one-of-a-kind feature suggests gathering transaction-related data separately and with the one on the same block. This contributes to the transaction speed increase. Therefore, considering the whole payment ecosystem it is going to be a godsend for many, and DigiByte has all the chances to transform the crypto market from this perspective.
Now, a few words about the native token – DGB. It’s never been through an ICO and only made as the outcome of mining. Thus, when the whole supply will reach 21 billion, there won’t be any mining after that.
Historical and Current Price Analysis of DigiByte (DGB)
To get near to real DigiByte price prediction, it’s important to follow the worth dynamics throughout the years. In winter 2014, the digital asset was rolled out with a value of $0.001232. The price wasn’t stable since then, especially when trading began. For a few years, it remained relatively stable, but changes started in 2017. By summer 2017, the value was getting up and in late May, it made $0.017.
In June, the price plummeted to the $0,056 price point, and a few weeks after, it crashed to $0.019. In mid-November, the worth hit $0.008 and since then went up step-by-step. The year ended with the trade price of $0.005. In 2018, the value was not stable, just like in 2017.
Since a bearish trend continued, the value of the digital asset started at $0.010 in 2019, and during several months, it was fluctuating. In June, the worth got $0.016, and by late summer – $0.008. Until December, DGB’s worth was near between the mentioned price points with fewer changes. In mid-December, it got $0.006. The year ended with the trade price of $0.005.
In late 2019 and early 2020, the value was almost similar. Yet, the trade one was between $0.005 and 0.008, and the kept until late April with little changes. In May, the worth went up to $0.02. Throughout the following months, the value dropped even more. The year ended with the value of around $0.024 and plummeted to $0.004. When 2021 began, traders could sell at $0.025 after a significant rally. In September, one token was traded at $0.043. In summer, the value got a $0.17 price point. It is counted as its all-time high.
As for the date of writing, the price constitutes $0,064467, coming with a 24-hour trading volume of $57 818 464. The market cap is $956 604 419. The worth was down by 47% for the last 24 hours. The circulation supply makes 14 838 559 696 DGB coins with a max supply of 21 000 000 000 DGB coins. It is always recommended to consult the real-time DGB to USD price ratio when trading on a trusted exchange.
Digibyte’s Factors of Growing
Is DigiByte a good investment? Well, that’s a great question if cryptopreneurs consider the aspects that contribute to the project’s growth and thus to the token’s price surge. Time efficiency is what turns the venture and the token into an especially attractive endeavor. The team’s ambition is to make the life of investors and the whole community as comfy and time-saving as possible. Herewith, ending up with the optimal mining option (for instance, there are five) and still pursuing decentralization is the number one goal.
With this in mind, the squad strives to launch a so-called “Core 4.1.3”. When the protocol is enabled, users can establish and access smart contracts. This will make a positive impact on the whole thing and add to the price surge.
The team’s purpose is to land beneficial partnerships and collaborations. Four years after the project started, the team initiated a PR agency to advertise the solutions provided. The fact, in due turn, reinforced the DGB’s place on the market. Besides, the venture delivers a reliable and trustworthy platform to the cryptopreneurs with low fees and other assets to opt for. All of that streamlined the currency’s success and the creation of smart contracts.
Another event that provoked buzz in the whole users’ ecosystem is the release of AntumID Authenticator Multichain. It allows updating or getting the novel authenticator to champion DigiLaunch. DigiTracker issued a facelift feature with the release of version 2.0.1.
Additionally, the project is involved in corporate responsibility with the ThreeFold’s decentralized Grid. DigiByte also partnered up with Investa, a global investment platform. Together, they explore the services and Investaco.in, providing a DGB-supported Debit card and a network of ATMs internationally.
DigiByte Price Prediction 2022
As you probably know, volatility has a great impact on why it’s super hard to foresee something. Besides, the pandemic plays its part in it. Yet, to have a mere clue on what’s going to be with the token’s value, we’ll outline a few suggestions from the most reputable price analysts.
The DGB token is foreseen to grow in value throughout the whole year and might even end up with a $0.0878 price point. There’s a huge gap between the minimum price prediction and the maximum one, which complicates the analysis. It is preferable to lean on the lowest price point as a benchmark. Besides, because of the present-day bearish cycle, the coin might be traded at a lower price. However, at the end of the day, bullish trends are also possible.
From another angle, the digital asset has all the chances to end the year with $0.0624374955. What’s more, it was suggested to surge, making it a great deal for traders. But as the current DigiByte price prediction 2021 shows, there won’t be the case. Last but not least, another crypto expert states that the price can reach $0.0835 in late 2021.
DigiByte Price Prediction 2022
Some analysts were super positive about the token, “prophesizing” $0.09314. If going by this reasoning, DGB mining should be decentralized, which will open the door to many participants getting into smart contracts – all by 2022. The earlier released Guarda DigiByte wallet can play an essential role in drawing cryptopreneurs to the blockchain community. Therefore, in 2020, the worth can reach $0.21.
DigiByte Price Prediction 2025
The team is heading gradually toward the project’s bigger success on the market. Hence, in 2023, the value can even reach 0.24. Thanks to the corporate’s technological announcements, the value might constitute $0.27 in the following year.
The DigiByte price prediction 2025 is even more promising. First and foremost, the project has continuous community initiatives that support education, technological progress, outreach, etc. This might get the token’s worth to an all-time high of $0.31.
DigiByte has all the odds to arrive at a value of one dollar. It proved over the years its stable performance and reliability. Obviously, some experts foresee ups and downs, but in general, opinions are positive about the token. The worth is awaited to become stable to land great returns to investors.
DigiByte Price Prediction 2030
By 2026, the price might get $0.225, while other crypto portals expect only $0.1746 over the following five years from now. Thus, it is super complicated to say for sure what the price is going to be by 2030. But, knowing the tendency might help.
The driving force of its value decrease is a wild output. Currently, the circulating supply constitutes 14 billion, and by 2035, they expect to issue the same quantity. However, the venture can brag about an amazing ecosystem of users and does not expect short-term growth. The supporters believe in its potential. They do have all the reasons for that – the project possesses solid technical power and recently partnered up with 500 companies all over the world.
Conclusion: Should I Invest in DigiByte (DGB)?
Is DigiByte a good investment? The productivity of DGB in terms of robust operational safety and speed scaling up to $1 speaks volumes about its potential in the long perspective. The project’s challenge is to see how governments globally will embrace the value of the token against other assets represented on the market. One thing is sure – a big deal of analysts and cryptographers is currently working on its development.
Another growth factor is its role as a game-changer in applying smart contracts and transferring funds. The most tangible facet that has a boosting impact on the token’s value is affordability and speed. This allows faster execution of updates, which brings about quicker and safe transactions.
The great thing about cryptos, in general, is that they are not controlled by governing institutions and, thus, are not likely to be limited by their policies. The fans of the project think this makes it reliable. Besides, people from countries with weak economies can benefit from it by beeping money in DGB instead of doubtful stock or bonds.
Besides, in powerful countries, where economies yet experience a recession, digital currencies have a bright future. First and foremost, DGB will be the choice of investors. Why? It survived bearish trends, the pandemic and proved to be reliable over time. Even though we do not witness a quick price growth, it’s still around and looks bright, making the DGB price prediction positive enough.
What are the advantages of DigiByte?
There are four key advantages that make it stand out from the pack. These are developments, exchange listings, collaborations, community. As for developments, the essential goal is a mining algorithm swap. The second one is launching “Core 4.1.3” to help run smart contracts on the blockchain. This might fire up the price surge.
Collaborations are another advantage of the venture. It had already got Investa UK as its partner in 2018. Then, in 2020, it teamed up with Three Fold to streamline decentralized peer-to-peer online interactions. All of that comes under the sauce of promoting humanity.
Many top exchanges offer lucrative pairs with it. But what really makes it outstanding is its community? Currently, a DigiByte Awareness Team is pursuing the expansion of the network. The key idea is to make it proliferate through meetings, education, events, and other awareness-raising activities.
Is DigiByte (DGB) Undervalued?
The market decides if the token is undervalued or not. It has so much room for growth and each and every reason to shine in the domain. The coins have to be in grand demand, first of all, to more resonate with investors. If this does not happen, the team needs to work harder. However, launching a PR agency was a great idea from this perspective, which will certainly determine the DigiByte future value.
How to Buy DigiByte (DGB)?
The DGB is definitely tradable and people can find it on exchanges. Besides, it is excellently capitalized on the overall market. So, make sure you consult the price on every single exchange you visit as it differs.
Additionally, you might find great trading pairs. To benefit from this opportunity, you can use any well-known payment method. These are PayPal, bank transfers, Skrill. Once you bought it, it will be a great idea to store it on the same-name wallet.
Disclaimer: Please keep in mind that the content of this article is not financial or investing advice. The information provided is the author’s opinion only and should not be considered as direct recommendations for trading or investment. Any article reader or website visitor should consider multiple viewpoints and become familiar with all local regulations before cryptocurrency investment. We do not make any warranties about reliability and accuracy of this information.