DigiByte Price Prediction: Will DGB Price Surge 2X This 2022?
In the ever-evolving crypto world, plenty of start-ups have been mushrooming over the years. Which have been thriving to establish recognition in the business. Amongst a myriad of digital currencies, DigiByte is one such rapidly growing open-source blockchain project. Which intends to cater to the existing flaws in the rivals.
With the market being in a rut, marketers have been evaluating a number of crypto assets for investment opportunities. Wondering if DigiByte’s DGB can be an ideal buy for the future? Look no further as this write-up will illustrate the feasible price predictions for 2022 and the years to come!
DigiByte had made its way into 2022 with a starting price of $0.03412. Ranging in the downtrend the price slid down to $0.0206 by the 21st of January, amidst the market-wide sell-off. After ranging sideways until the 4th of February, the price climbed to $0.028 by the 10th of February.
However, panic and FUD creeping into the market owing to tensities around the globe, resulted in a downswing to $0.01721. The 27th of March was a remarkable day for DGB as it portrayed a 76.97% single-day spike. Thereafter a pullback closed the quarter at $0.034.
DigiByte’s (DGB) Price Prediction For Q2
The start to the second quarter has been coarse for DigiByte. The altcoin has slipped down to its support at $0.01375 from the peaks of the start of the month. If it seeks impetus from an increase in buyers count. The price of DGB might escalate to $0.0205 by the end of June.
On the contrary, the price might tumble down to $0.0108. Successively, a balance in trade activities might restrict the price to $0.0169.
DGB’s Forecast For Q3
The fundamental traits of the project such as faster transactions, security, and the level of decentralization. Might help DGB ascend to its potential high of $0.03259. On the contrary, if the bears outrun the bulls, the price might crash to $0.0193. That said, constrained by linear price action, the regular price might land at $0.0269.
Prediction Of DGB For Q4
If the maker’s rollout developmental and community building initiatives to empower the network. The price of DGB might escalate to its potential high of $0.0468. Conversely, failing to adhere to its expectations might result in negative criticism. Which could haunt the price down to $0.0309. Factoring in the bullish and bearish targets, the average price might stand at $0.038.
DGB Price Forecast For 2023
Things might turn fruitful for DigiByte if the community concentrates on more transparency and attracts investors. In such a scenario, the price might spike up to $0.0959 by the end of 2023. On the flip side, ebbing dominance might slash the price to $0.04239.
Price Prediction Of DigiByte For 2024
If DigiByte attracts more adoptions and collaborations, whilst attracting institutional money. DGB’s price might soar up to a maximum of $0.2101. However, factors like regulatory concerns or financial crises might drag the price down to $0.10314.
Price Trajectory For 2025
If Digibyte continues to provide a seamless and user-friendly platform for transactions. And if it enhances the security of the users. DGB could break its price records and it might gain more price momentum with intensified market capitalization. Wherefore, the price might climb up to its potential high of $0.4813. In case it faces stiffer competition from emerging rivals, the price might fall to $0.19918.
What Does The Market Say?
As per Wallet Investor’s predictions, DigiByte is forecasted to hit a maximum price of $0.0348 by the end of 2022. The digital asset is expected to settle at average levels of $0.00876. The firm anticipates the altcoin to surge to a maximum of $0.0443 by the end of 2023. And a maximum of $0.0671 by the end of 2025.
Digital Coin Price:
According to the website, the crypto asset could hit a maximum of $0.0201 by the end of 2022. Whilst a reversal in trend might slash the price down to $0.0175. A linear price trajectory might land the price at $0.0209. The analysts from the firm expect DGB to hit a maximum of $0.0312 by the end of 2025.
The forecast from Gov.Capital expects the crypto asset to surge to its potential high of $0.019 in 2022. The firm pins the minimum and average price targets for the year at $0.0129 and $0.0152 respectively. The forecast also holds the prediction for the long term. It foresees DGB’s possibility to chug up to a maximum of $0.0346 by the end of 2025.
Click here to read our price prediction of EOS!
What is DigiByte?
DigiByte (DGB) crypto is an open-source blockchain and asset creation platform. The project development began in October 2013. The platform intended to compete against major cryptocurrencies such as XRP and Litecoin by prioritizing cybersecurity and scalability.
The platform processes additional features allowing traders to issue assets, introduce applications and utilize digital identities. DigiByte has its own native token DGB. The token is used to pay fees to those who help operate the network. DGB also aims to offer payments and fuel its smart contracts.
DigiByte is an open-source blockchain and asset creation platform. It is a cryptocurrency project that focuses on decentralization, security, and more importantly, increased transaction speed. To develop digital assets that cannot be destroyed. This currency can be mined, bought, and stored in wallets.
DigiByte is a modification of Bitcoin which has three layers. Namely, a smart contract “App Store”, a public ledger, and the core protocol which features communicating nodes to repeat the transactions.
DigiByte was founded by Jared Tate, popularly known as the “Digiman’ who supervised its existence from development to its current setup. DigiByte’s operations not only depend on developers but also on the DigiByte foundation, a volunteer organization for inspecting the protection of the project. The DigiByte awareness team is responsible for the promotional activities.
Our Price Prediction
As per Coinpedia’s formulated Digibyte Price Prediction. The price is assumed to escalate if the bears could not hold the market for a longer time. It might grab the users’ and investors’ attention if it succeeds to strengthen the security and transaction speeds. By the end of 2022, Digibyte’s highest price is anticipated to be $0.045. On the flip side, the price might find support at $0.03.
Historic Market Sentiments
DigiByte entered the market on 6th February 2014 with an opening price of $0.001232. The price started to fluctuate as DGB initiated its trade and continued to be stable for several years until 2017 with certain price differences.
The price continued to remain stable with lesser fluctuations until the end of May. Because of the minor improvements in the price DigiByte steadily started to surge. The price reached $0.017 at the end of May. Later, the price dramatically poured to $0.056 by the start of June. Further, the price dropped to $0.019 at the end of June.
DigiByte managed to be in the flow as it 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.
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 sank to $0.017 at the start of April and later surged to $0.05 by early May.
The price drastically fell to $0.02 at the end of June and surged to $0.04 by the end of July. Later on, the price started to plunge until the end of December. At the end of 2018, DigiByte traded at $0.010.
As the bears started to drag the market, DigiByte commenced the year 2019 with its price of $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 mid-December. At the end of 2019, DigiByte was trading at $0.005.
DigiByte initiated the year 2020 with the same price of $0.05 which was at the end of 2019. Digibyte was trading in 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 value maintained the range of $0.02 until the mid of November. The coin continued to survive at $0.02 as the expansion of Bitcoin price rallied at the end of November. The currency remained stable with lesser fluctuations. At the end of 2020, DigiByte traded at $0.024.
The new year’s fresh trade initiated with a price tag of $0.025 and tried hard to maintain the uptrend. By the mid of February 2021, the price rose as high as $0.0808 but again fell down to $0.0517. However, the price marked its all-time high on May 1st, 2021, at $0.1781.
Due to the market collapse on May 19th, the DGB price dumped to $0.03651 on the 21st of July 2021. From there DGB price with study rise smashed 0.0987 on August 22nd. Economic turmoil coming out of the Chinese market impacted the DGB price. Which resulted in a slip to $0.0409 by the 28th of September.
Thereafter a steady ascend on the market charts helped DGB climb to $0.695 by the 12th of November. However, traders extracting their profits led to another downswing, which aggravated to close the year at $0.032.
To read our price prediction of Chromia (CHR) click here!
A: DigiByte can be bought in various crypto exchanges like Binance, Bittrex, OKEx, VCC Exchange, and many more.
A: DigiByte can be a good investment if considered for the long run. As its fundamental traits and vision could help it chug up to greater heights.
A: The price of DGB might hit a potential high of $0.0468 by the end of the year 2022.
A: The altcoin might soar up as high as $0.4813 by the end of 2025.
A: DigiByte was founded by Jared Tate, who is also known as “DigiMan”.Source