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Digibyte Price Prediction - Is Digibyte A Good Investment?

Digibyte Price Prediction - Is Digibyte A Good Investment?

It is DigiByte's mission to overcome the blockchain trilemma by achieving all three of the hitherto unattainable goals of scalability, security, and speed. Its secret sauce is a blockchain with three distinct layers. It has, however, been difficult for the cryptocurrency's price to take off. Will Digibyte start to bite back after nearly eight years since its launch?

Hilda Workman
CryptoFinance
Last updated: Jan 11, 2022 | Jan 05, 2022

Table of Contents

For the first three years, digiByte had a difficult time breaking out of its starting pricing. With a bullish rise and new all-time highs in the cryptocurrency market this year, everything changed.

It is DigiByte's mission to overcome the blockchain trilemma by achieving all three of the hitherto unattainable goals of scalability, security, and speed. Its secret sauce is a blockchain with three distinct layers. It has, however, been difficult for the cryptocurrency's price to take off. Will Digibyte start to bite back after nearly eight years since its launch?

Where Was DigiByte?

As in January 2014, the genesis block of DigiByte has been mined. The price of DigiByte didn't fluctuate much throughout the first three years, remaining at or around $0.0004. The coin's initial positive trend and price rise occurred in the summer of 2017. Finalist in the Citi Tech for Integrity Challenge was Digibyte's DiguSign, a blockchain-based service that securely archives any document. At Citi Bank in Hong Kong in June, Jared Tate and the DigiByte team introduced the idea of DiguSign.

Since 2020 started, the DGB price has steadily risen from its current $0.02 level. On the 19th of February, it hit $0.08 and continued to rise throughout the following months. DGB token, based on Ethereum, was created in March, allowing users to take use of the blockchain's decentralized financial capabilities. The ERC-20 token, renDGB, has the same value as a digiByte and is referred to as such.

The upward trend continued in the months that followed, and on May 1, digiByte hit an all-time high of $0.18. However, by the end of May, the price had dropped back to $0.06. Despite a few price increases since then, it has been unable to break beyond the $0.07 threshold. Approximately $0.0384 was paid for one digiByte on the 7th of December.

digibyte logo

Digibyte Price Prediction In The Future

The digiByte price is expected to climb steadily, according to the majority opinion. Digital Gold Dollar is predicted to "bloom" in the cryptocurrency market, according to CryptoNewz. If you're a patient investor, you'll be rewarded with a steady growth in digiByte's value.

For the long run, WalletInvestor predicts that DGB coin is a "excellent" investment. By the end of January 2022, the coin's digiByte price forecast for 2022 predicts that it will be $0.05 and by year's end, it will be $0.09. DigiByte is expected to rise to $0.187 in late December, according to the company's 2025 pricing forecast.

The digiByte price estimate at Ripple Coin News is more upbeat than that at other sites. It claims that investors are drawn to the currency due of its speed of transactions. A maximum price of $2 is predicted for the digiByte coin in 2025, according to its price forecast.

However, according to Price Prediction, the coin won't be worth $2 for the next nine years. For the year 2030, its digiByte pricing projection predicts an average of $1.07.

Is DigiByte A Good Investment To Make?

A Community Driven Crypto

Neither DigiByte's initial coin offering (ICO) nor a large quantity of pre-mined coins were used to support the project. There is no parent business or chief executive officer. Instead, DigiByte relies on the efforts of volunteers and members of the public.

Why do you think this is?

DigiByte's decentralization has been confirmed. Community-driven DigiByte also leads to openness. In a world where creators' genuine intentions are often concealed, this is welcome news for cryptocurrency investors. Squid Game Token's recent rug-pull serves as a reminder of the dangers of investing in crypto.

There is a strong community around DigiByte, which has been around for some time. It's here to stay.

A Secured Project

Like Bitcoin and Ethereum, Digibyte employs a consensus technique known as proof-of-work (PoW) to validate its blockchain. DigiByte, on the other hand, secures its network using five separate techniques. Decentralization and high security are the hallmarks of a blockchain. Taking control of the DigiByte network's hashrate and launching a double-spend assault, like occurred to Ethereum Classic three times in August 2020, would be a near-impossible feat. This flaw does not exist in DigiByte.

DigiByte is the only proof-of-work blockchain with the industry's most advanced and secure network. It's good news for long-term investors who want to keep their money in the cryptocurrency market.

DigiByte Is Faster

To fully appreciate DigiByte's value, one must first grasp the fundamentals of Bitcoin (CRYPTO: BTC). Bitcoin is not scalable in the same way as other cryptocurrencies, at least not to the extent that they are.

The maximum number of transactions per second in Bitcoin is seven. This makes it hard to reach the level of Visa, for example, which processes 56,000 transactions per second.. Digibyte has a shot in this market. At 560 transactions per second, it is one of the fastest systems available. There are only 13 transactions per second that Ethereum can process.

Whence comes this concern? Because DigiByte is scalable, it has the potential to expand in the future. The network constraints and hefty gas prices on Ethereum, despite its bigger network, have recently hindered its growth. To put it another way, there are just not enough transactions being processed every second. There's a solution to this problem using DigiByte's technology. It saves money and time. Those who are interested in investing in a cryptocurrency that has a promising future will be delighted to hear this news.

Summary

So, is DigiByte a good investment?

This market has a broad range of dangers. DigiByte's main focus is with liquidity. DGB is listed on Binance, however it isn't available on every exchange. In addition, the daily volume of DGB is rather modest. Concerned investors should move cautiously in accordance with the market they have access to.

It's also possible that DigiByte will never be staked, meaning there are no other ways to make money from the asset besides simply holding it. This coin may also be less popular with investors because of environmental concerns. As a result, investors should use prudence at all times.

DigiByte, on the other hand, is an unique and safe cryptocurrency that may give long-term investors with an above-average return on their investment.

Hilda Workman | Hilda likes to write about news and fashion.

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