Digibyte (DGB) is the dark horse of the cryptocurrency


The price action of DigiByte has been quite interesting in the last two weeks. After reaching a peak of $ 0.027895 on October 6thth, the currency has stumbled on a monthly minimum of $ 0.022965 out of 12th. Daily trading volume peaked just over $ 6 million during this period. DGB recovered to $ 0.027873 on the 15thth and since then it is in a descending phase.

Currently it is possible to buy a DGB for $ 0.021559 USD (decrease of -3.60% in the last 24 hours) / 0.00000342 BTC (decrease of -1.38% in the last 24 hours). This value is less than the 84.62% historical maximum of $ 0.141942. Daily trading volume is $ 1,863.004, with Bittrex (28%) Satowallet (11%) and Sistemkoin (11%) responsible for most of this. With a market capitalization of $ 236,838,201, DigiByte is currently 37th most valuable cryptocurrency on the market.

ForecastCity thinks there is a trading opportunity to buy DGB:

"Technical analysis:

  • DigiByte / USDollar is in a limited range and the uptrend is expected to begin.
  • The price is lower than the 21-day WEMA which acts as a dynamic resistance.
  • The RSI is at 38.
  • While the downward trend RSI is not broken, the bearish wave in the price would continue.

Commercial suggestion:

  • There is the possibility of temporary retracement to the suggested support area (from 0.022 to 0.015). in this case, operators can set orders based on price action and expect to achieve short-term goals.

Beginning of the entrance area (0.022)

Ending of entry zone (0.015) "

Check the complete analysis here.

DigiByte had a couple of interesting publications in the previous weeks. The gradual launch of the DigiCafé payment application went live. Being mobile-first, having simple pass-throughs and no additional costs are among the main features of the application. Several project DigiAssets projects have been proposed (DigiAssets will allow you to easily create, send and receive digital assets). To close things up, the project also released a 1.0.5 update for iOS which includes a couple of new bug fixes. The infrastructure now allows you to restore Android phrases on iOS and the Digi-ID generations will remain the same.

Take a look at the best DASH token wallets.

DigiByte has recently been listed on the Artis Turba exchange, where its users are now able to exchange DGB / ZAR, DGR / BTC and DGB / ETH pairings. The project will also be the first partner in the list of emerging Extauri exchanges. Extauri will offer DGB trading pairs with fiat and crypto.

Josiah Spackman of the project gave a speech entitled "The Banking Paradigm Shift of Crypto" in which he described how we should not "abandon all our new freedoms with a decentralized blockchain without authorization, while we move into a new future with cryptocurrencies, just so we can make a quick buck along the way. "This speech was given to the University of Washington Crypto Group in live streaming on October 26, 2018. Spackman also has a YouTube channel hosting a show called" DigiTalk "; in most recent10th episode of the Spackman show went beyond the reason why you would like to keep your DigiByte Core wallet open 24 hours a day, 7 days a week, and what happens when you do it.

At the same time, Steven Kendall published an article entitled "Explaining the Blockchain and the DigiByte community to my two nephews while talking about Steemit and Steem Blockchain". Mr. Kendall took charge of educating his two family members on blockchain, DLT and crypto and suggested that it is very important that others do the same with people who do not know / could benefit from the crypt.

Finally, the main man in the project, Jared Tate, was invited as a speaker at the Texas Bitcoin Conference 2018. The event was held until 27th-28th in October and Tate's speech can be seen here. Regarding the upcoming appearances, the cryptocurrency will be present on November 17 during Crypto Panel 2018 of CryptoFinance along with many other crypto / up-and-comers, including EOS, Stellar, Nexus, Monero and Holochain.

DigiByte is widely regarded as one of the most secure cryptocurrencies in circulation, partly due to several pieces of cryptographic technology (such as the DigiShield or its 5 mining algorithms) that the project has developed and implemented. Its five-year existence makes it one of the old projects on the market, which has managed to expand to over 200,000 knots over time. Apparently focused on the aspect of the network at the moment, DigiByte continues to move along the path towards the broader adoption in the world of cryptography.

Despite all DigiByte's proven functions and products, it is far from being the top 10 cryptocurrencies on the market and therefore far from the eyes of bystanders and people who are only looking at the best coins when they buy their first crypt. This makes DGB the dark horse of the crypt for the joy of those who already know it.

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The writers and authors of CapitanAltcoin may or may not have a personal interest in any of the projects and activities mentioned. None of the contents on CaptainAltcoin is an investment advice, nor does it replace the advice of a certified financial planner.

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