Connect with us
[crypto-donation-box]

Blockchain

DigibytePrice Prediction 2021 – Will DGB Price Hit $1 ?

Digibyte Price Prediction

The post DigibytePrice Prediction 2021 – Will DGB Price Hit $1 ? appeared first on Coinpedia – Fintech & Cryptocurreny News Media| Crypto Guide

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 the investors to get established in the crypto space. Digibyte is one of the rapidly growing open source blockchain and asset creation platforms. Do you think that Digibyte …

Republished by Plato

Published

on

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 the investors to get established in the crypto space. Digibyte is one of the rapidly growing open source blockchain and asset creation platforms.

Advertisement Miners Garden

Do you think that Digibyte could reach $1?

This article aims to present the future prices of Digibyte from a neutral perspective while outlining some important features like price analysis, general market traction, and up to half a decade price prediction. 

Overview

Cryptocurrency DigiByte
Token DGB
Market Capitalization $37,10,67,954 USD
Circulating Supply 13,93,54,34,194 DGB
All time high $0.1279 (January 07, 2018)
All time low $0.00003099 (January 14, 2015)

What Is DigiByte?

DigiByte is a digital currency which was developed to offer features of utmost blockchain security. DigiByte is widely recognized as one of the safest cryptocurrencies in the space. In part, this is due to several parts of crypto technology (like the DigiShield or its 5 mining algorithms) that the project developed and implemented. Its 5-year existence makes it one of the older projects on the market, one that managed to expand to over 200,000 nodes throughout the timeframe.

As it seemed focused on the networking aspect at the time, DigiByte kept trailing the path of achieving wider adoption in the world of crypto.

DigiByte Price Analysis 2014-2019

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.

2017

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 on the price dramatically poured to $0.056 by the start of June. The price started to fall and reached $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.

2018

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 plunged to $0.017 in the start of April and further surged to $0.05 by early May. The price drastically plunged to $0.02 at the end of June further surged to $0.04 at the end of July. Later on the price started to plunge until the end of December 2018. At the end of 2018 DigiByte was traded at $0.010.

2019

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.

2020

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 price maintained the range of $0.02 until the mid of November. The altcoin continued to survive at $0.02 as the expansion of Bitcoin price rally at the end of November. The price remained stable with lesser fluctuations. At the end of 2020, DigiByte was traded at $0.024.

DigiByte 2021 Price Prediction

DigiByte continued to trade at $0.02 at the start of January. It might reach $0.04 by the mid of July with certain fluctuations. Later on the price may start to climb for several months and DigiByte might trade at $0.10.

DigiByte Price Prediction 2022

DigiByte might trade at $0.12 by the start of January and could reach $0.2 by the end of January. The price might plunge with certain fluctuations. The price may touch $0.35 by the mid of August and may continue the same trend for several months. By the end of 2022, DigiByte might trade at $0.55.

DigiByte Price Prediction (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. By the end of 5 years DigiByte might break its price records and could reach the high price of $1.

DigiByte Market Prediction

There are plenty of predictors available in the market. Let us check some of the important marketers’ views on DigiByte.

WalletInvestor

According to WalletInvestor, a crypto forecasting website, DGB can be a good profitable investment, if any one is looking to invest in virtual currencies. A long term increase is expected if anyone starts to invest in it.

CoinFan

CoinFan believes that DGB price will slowly increase throughout 2021, ending the year at $0.242.

CryptoGunter

According to CryptoGunter, Digibyte’s price will increase to $20 by the year 2020. If this did not happen, it would give DGB coin a market capitalization of $220 billion which would make DGB a most valuable cryptocurrency in the industry.

Our DigiByte Price Prediction

DigiByte commenced the year with $0.02. As per our analysis the price might reach an average of 0.035 by the end of January. The price might continue the same range and might trade at $0.10 by the end of 2021. Digibyte might be a good investment for the long term. It’s price may reach $1.75 in the future.

FAQ

What is DigiByte? 

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.

What is the price of Digibyte at the moment?

At the moment, DGB is trading at $0.026

When did DGB reach its All Time High?

In January 2018, the DigiByte had reached a historic high of $0.13 per coin.

Where To Buy DigiByte?

DigiByte can be bought in the various crypto exchanges like Binance, Bittrex, OKEx, VCC Exchange and many more.

Source: https://coinpedia.org/price-prediction/digibyte-price-prediction/

Blockchain

Facebook’s Diem Unveils Its Latest Stablecoin Plans and Strategic Move to the United States

Republished by Plato

Published

on

Diem, the cryptocurrency project headed by Facebook originally known as Libra, recently announced its plans to launch a stablecoin with its focus scaled back to the United States. 

The company stated earlier this year that it would be relocating its primary operations from Switzerland back to the United States, and would withdraw its payment system license application from Switzerland’s financial regulators. “Diem is simplifying its plans for [its] USD stablecoin issuance by shifting its main operations from Switzerland to the United States,” they said.

This decision was later confirmed by the Swiss Financial Market Supervisory Authority. 

Stablecoins are digital currencies pegged to a fiat currency, with Tether (USDT) and USD Coin (USDC) being two prominent examples. California-based Silvergate Bank will become the sole issuer of the Diem USD, while also managing its dollar reserves. 

Diem to Launch Wholly New Subsidiary Diem Networks US Alongside Crypto Bank Silvergate

In a strategic partnership, the two firms have created a new subsidiary called Diem Networks US — which will run the Diem Payment Network (DPN) to facilitate transactions of Diem stablecoins within its network. 

“Silvergate is a leader in financial innovation and an ideal partner for Diem as we move forward with a blockchain-based payment system that protects consumers and enhances the integrity of the financial system,” said Stuart Levey, chief executive officer of Diem.

“We are committed to a payment system that is safe for consumers and businesses, makes payments faster and cheaper, and takes advantage of blockchain technology to bring the benefits of the financial system to more people around the world. We look forward to working with Silvergate to realize this shared vision.” 

Diem’s strategic shift to the United States comes at a time of a rapidly evolving regulatory environment for cryptocurrencies and blockchain technology. 

Some municipalities and states such as Miami and Wisconsin have embraced the recent innovation, whereas regulators such as the newly-appointed SEC Chair Gary Gensler have critiqued the autonomy of the crypto industry. 

With crypto ETFs and related financial products under intense scrutiny by the SEC, it remains to be seen whether Diem’s decision to relocate back to the United States will bear any fruit.

Featured image from ShutterStock

Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://bitcoinist.com/facebooks-diem-unveils-its-latest-stablecoin-plans-and-strategic-move-to-the-united-states/?utm_source=rss&utm_medium=rss&utm_campaign=facebooks-diem-unveils-its-latest-stablecoin-plans-and-strategic-move-to-the-united-states

Continue Reading

Blockchain

Crypto Research Firm Delphi Digital Launches Latest NFT Fund

Republished by Plato

Published

on

Delphi Digital, a New York-based crypto research and venture firm, recently launched its latest on-chain fund to invest in non-fungible token (NFT) projects. 

The fund, referred to as Delphi InfiNFT, is based on decentralized finance (DeFi) investing protocol Syndicate. “It will enable automation of deposits, cap table, distributions, fund management, reporting, etc.” said Anil Lulla, co-founder of Delphi Digital. 

“NFT’s are changing digital ownership rights, as well as how creators are interacting with their communities. Along with the growth of the NFT space, there is supporting infrastructure that needs to be built alongside it. The goal of this fund is to find the protocols that are moving the NFT space forward and building the infrastructure that is needed.”

Delphi Digital has partnered with NFT investor Gmoney for its NFT fund, who famously purchased a CryptoPunk NFT for a record price of 140 Ethereum worth approximately $180,000 at the time. Gmoney and Delphi will co-manage the fund together. 

According to their website, the fund will look to create an investment portfolio consisting of 20 protocols through InfiNFT. “We plan to deploy at least 80% of the fund’s capital in the first 6 – 9 months as we find protocols that fit with our thesis,” the team report read. 

“We will identify and select leading NFT networks through our networks and communities. We’ll be working directly with the teams we invest in to help them become a core piece of the NFT ecosystem long-term.

Delphi’s InfiNFT is backed by IDEO CoLab Ventures, Divergence Ventures, Axie Infinity, Compound Finance, and Fractional, among others. 

The recent steep Ethereum selloff led to massive losses in market cap across the NFT markets. According to NFT Valuations, Cryptopunks’ total market valuation dropped $600 million this past week — representing over a 66% loss. In spite of the recent volatility, investors like Delphi Digital appear to be confident in the long-term prospects of the non-fungible token space.

Ethereum (ETH/USD), alongside the broader crypto market, suffered week-long losses following the news of Tesla cutting its Bitcoin payments. At press time, Ethereum is down 9.3% in the past week. Source: Tradingview.com
Featured image from UnSplash 

Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://bitcoinist.com/crypto-research-firm-delphi-digital-launches-latest-nft-fund/?utm_source=rss&utm_medium=rss&utm_campaign=crypto-research-firm-delphi-digital-launches-latest-nft-fund

Continue Reading

Blockchain

Cardano, Uniswap, Chainlink Price Analysis: 16 May

Republished by Plato

Published

on

Cardano introduced some target levels at $2.53 and $2.69 via the Fibonacci Extension tool. Uniswap needed to garner bullish strength for a break above $43-$45 resistance. Lastly, a descending triangle breakdown on Chainlink could see a 7.5% retracement towards its 50-SMA

Cardano [ADA]

Source: ADA/USD, TradingView

If buyers were looking to make profits on large-cap alts during the recent turbulent broader market, Cardano was a must inclusion in every portfolio. Weekly gains of 36% were the highest among the top 10 coins by market cap and underlined ADA’s independence from broader market sentiment. Fibonacci Extension tool was used to identify potential target points for the current rally. The 372.2% and $361.8% extension levels stood at  $2.53 and $2.69, respectively. With buying pressure still on the rise according to Awesome Oscillator, ADA made a strong case for an extended rally.

In case of pullbacks, these extension levels can also act as support lines. RSI’s overbought territory indicated the need for stabilization and a dip in volumes could mean some southbound action. Nevertheless, key factors could allow ADA to sustain higher levels moving forward.

Uniswap [UNI]

Source: UNI/USD, TradingView

A descending triangle breakdown showed losses of 8% from the bottom trendline, but buyers stepped in at $35.6-support. In fact, this support has been under the spotlight during recent dips and only reinforced the area as a buffer against extended losses. On the 4-hour timeframe, OBV’s sharp fall was an interesting development which explained why bulls have failed to topple $43-$45 resistance. Considering the dearth of constant buying pressure, Uniswap could trade between $44.4 and $35.6 over the coming days.

A breakout above $44.4 on high volumes would result in a bullish trend but the market was not yet ready for such a swing. Awesome Oscillator’s wavy trajectory suggested that neither side had been fully able to assert dominance.

Chainlink [LINK]

Source: LINK/USD, TradingView

While Chainlink did see losses over the last 24 hours, the bulls held on to $41.2-support – an important development. A descending triangle was prominent on the daily timeframe and a breakdown could see a sell-off between $35.7-39.1. Those hoping to trade on a breakdown can observe the 4-hour timeframe for more sensitive price action.

Awesome Oscillator registered a series of red bars as selling momentum dragged  LINK from a high of $61.9 to a low of $39.7 during the present downtrend. MACD also confirmed a bearish presence in the market. To negate LINK’s pattern, buyers would need to target a rise above $45.6-resistance.


Sign Up For Our Newsletter


Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://ambcrypto.com/cardano-uniswap-chainlink-price-analysis-16-may

Continue Reading
Blockchain5 days ago

Billionaire Druckenmiller says ledger-based system could replace USD worldwide

Blockchain5 days ago

First Spot: Coinbase’s App Surpassed TikTok, Instagram, and Facebook on iOS in the US

Blockchain4 days ago

dotmoovs Raises $840,000 From Strategic Investors and Partners

Blockchain5 days ago

Raze Network Kicks Off Testnet Phase With UI Community Voting

Blockchain5 days ago

Uniswap flips Bitcoin on daily revenue… and it’s more impressive than you think

Blockchain3 days ago

US Investment Bank Cowen to Offer Crypto Custody Services

Blockchain5 days ago

How did Internet Computer (ICP) become a top-10 cryptocurrency overnight?

Blockchain5 days ago

Casper Network’s CSPR Spot Trading Now Open on OKEx

Blockchain4 days ago

When dollars meet the hype: The biggest NFT hits from celebrities

Blockchain5 days ago

PARSIQ Integrated Into Polkadot For Smart Triggers Across the Relay Chain

Blockchain4 days ago

DeFi lending platform Aave reveals “private pool” for institutions

Blockchain5 days ago

From cypherpunk to state contracts: the changing face of blockchain

Blockchain5 days ago

TA: Ethereum Overcame Odds With New High, Here’s Why ETH Could Test $4.5K

Blockchain4 days ago

MoneyGram to Enable Users to Buy Bitcoin and Withdraw it From Birck-and-Mortar Locations

Blockchain4 days ago

Griff Green: Doge-loving hippy hacker steals crypto before bad guys can

Blockchain4 days ago

Here are the Top DeFi Tokens With The Largest Price Jumps This Week

Blockchain4 days ago

As Elon Musk’s SpaceX Literally Sends Dogecoin To The Moon, Justin Sun Craves For Tron to Tag Along

Blockchain5 days ago

Gaming Giant Kinguin Taps Immutable X for NFT Offering

Blockchain4 days ago

Can Elon Musk’s ‘damage control’ measures help revive Dogecoin’s price?

Blockchain4 days ago

Buterin Plugs UNI as Next Oracle Token

Trending