In this guide, we will voice our own and market’s opinion on DGB future while discussing Digibyte price forecast for 2022 and beyond.

Please bear in mind that you should take this and any other prediction with a grain of salt since predicting anything is a thankless task, let alone predicting the future of a novel, highly volatile financial asset like DGB.

Now, let’s head into it.

Before we delve deep into the Digibyte price prediction and answer questions if Digibyte is a good investment or not, why will DGB succeed or fail or why will DGB price rise or drop, let’s quickly throw a glance at what is Digibyte and its to date history.

If you are not too much into cryptocurrencies, you probably didn’t heard about the second tier coins like DigiByte. And that is precisely the reason why DGB, despite their feature-richness and superior tech, will have a hard time surviving the 2020.

DigiByte is widely considered as one of the safest cryptocurrencies out there, in part due to several pieces 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. Seemingly focused on the networking aspect at the time, DigiByte keeps moving along the path of achieving wider adoption in the world of crypto.

However, lack of presence on the biggest exchanges like Coinbase and Binance feeds into an already weak brand recognition which is one of the major factors for the development of the trust in a payment currency. Technology alone won’t get you there – people need to develop a shared belief that a currency is able to preserve their value for the future. Digibyte is far from that status right now.

The whole crypto market is currently on the verge of a real bull run.

There is no broader consensus as crypto analysts are divided as some of them are still calling this market a bull trap.

Others, lead by famous on-chain experts like Will Clemente and Willy Woo, are calling this a preparation stage for a face-melting bull run. As always, bitcoin has the final say and altcoins will follow suit once the flag bearer decides the direction. Right now, Bitcoin is sucking the life out of altcoins but once it settles in the new price range, altcoins will start to pump - we have witnessed this scenario dozens of times in the distanced and more recent history.

Our price prediction model is bullish for the next 90 days with a hint of a bear market at the turn of the year. We expect whales and other bigger players in the market to take their profits around that time which will cause a typical and sudden crypto crash.

CaptainAltcoin team created a price prediction model with a multi-faceted approach to crypto that takes into account both technical analysis and fundamental assessment of each project.

Fundamentals that we evaluate are team, tokenomics, use case, community, marketing efforts, liquidity and exchange availability, hype & speculative potential and some other proprietary factors developed in our crypto lab.

Below is a tabular overview of how will DGB develop in the short-term (for the next 90 days), according to our prediction model:

Quick reminder for crypto newcomers

Essential tools you need to succeed in crypto are a good exchange, safe hardware wallet and a reliable crypto tax tool.

If you plan to be a day trader, then a good charting tool and efficient trading bot are also a must.

If you plan to …

Essential tools you need to succeed in crypto are a good exchange, safe hardware wallet and a reliable crypto tax tool.

If you plan to be a day trader, then a good charting tool and efficient trading bot are also a must.

If you plan to be a holder, then why not put that crypto to work by borrowing it out on crypto lending platforms.

Below are our recommendations:

Exchange: Binance for highest liquidity and coin choice. Gate.io & KuCoin for gem hunters. ByBit for leveraged trading (Margex for really crazy leverages).

Safe hardware wallet: Ledger Nano X, Trezor or CoolWallet Pro.

Tax Tool: Koinly, Cointracking or ZenLedger.

Charting tools & bots: Bitsgap, Coinrule or Cryptohopper.

Lending platforms: BlockFi (for US residents), YouHodler (for EU and rest of the world).

Majority of experts agree that this bull run will be an extended one and could last the whole 2022. CaptainAltcoin’s prediction model takes market sentiment into an account and reacts accordingly. Below is a month-by-month breakdown of 2022:

Our prediction model sees DGB reaching $ 0.113 in 2025.

The price of DGB in 5 years could lie around $ 0.170, according to CaptainAltcoin’s prediction model.

Bitcoin supports 7 transactions per second with 10 minutes of block time. Bitcoin Cash supports 34TPS and 10 minutes block, Western Union supports 30, Litecoin supports 56tps with a 2.5min block time, and Paypal supports 130TPS.

Digibyte currently supports 560TPS and only 15 seconds of block time, and 2000TPS by 2020 and exponentially growing 280,000TPS in the near future.

DigiByte is the fastest, longest, most secure and most distributed UTXO blockchain in the world. DigiByte is not just a method of storing and exchanging value, but has the scalability to handle so much more, such as notarizing documents into the blockchain, identity validation, or even having tokens built on top of it without having to worry about a cat-game slowing it down when it reaches peak enthusiasm.

When it comes to money and value exchange, it really is not all about the technology as people are erratic and chose to use a thing that is not the best or most efficient. People are lead by emotions and rigid, analytical coders are foreigners with that side of human nature and rely too much on their “superior” technology to bring them to the promised land. DGB exemplifies how you need other profiles of people that can paint the picture of that technology in much warmer colors so customers can see the value and start using it.

Well, one DGB holder put forward an analysis as to why he thinks DGB lacks recognition and adoption. The gist of it is the lack of business-like handling of the project – it is run more like a hobby according to him.

The analysis is pretty long and is a combination of praise and critique towards the project leadership. After praising the culture of DGB communities, he laments about lack of accountability and seriousness in running the project.

DGB is functioning well enough behind the scenes; it’s a functional product but it lacks any kind of adoption and the outlook for the future is grim.

Since Lightning Network is picking up the pace and grows substantially every month, DGB and other payment coins are in a serious existential jeopardy as LN could render them all obsolete.

Everything is in realm of possibility, but probability levels vary. Considering Digibyte’s pretty high yearly inflation of 11.65% and massive total supply of 21 billion tokens, reaching $1 is going to take a jaw-dropping and unprecedented price surge which borders with the wildest fantasies.

DGB would need to grow almost 77x from the current price level. It would either need to completely obliterate bitcoin and take its aspiring role of reserve global currency or it would need to grow apace with bitcoin. In that case, bitcoin would need to be at $392k per coin.

Reaching $10 or even $100 is completely out of the domain of reality and if you know someone claiming DGB will get to those heights, make sure the claimant gets a good psychiatric treatment.

No, judging by the team activity on social media, github, their own website. Their communities on Reddit and Telegram are also active, although much lower engagement levels are noticeable when compared to 2017. Coin is also still listed on most of major exchanges which indicates that DGB is far from a dead project.

Digibyte should look at the 2020 as the crucial year for them to make a all-in push on all fronts, especially in achieving new partnerships, force more penetration in the merchants markets and generally work more on their marketing efforts. The best technology is not worth much if no one has heard about it.

Read also:

The post DigiByte (DGB) Price Prediction 2022 | 2025 | 2030 – Future Forecast For DGB Price appeared first on CaptainAltcoin.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

247 +