Connect with us

Bitcoin

DigiByte (DGB) Is A Hidden Gem Among Cryptos

Published

on

DigiByte
READ LATER - DOWNLOAD THIS POST AS PDF

A brief look at the current market situation yields a disheartening sight with the top 10 coins and tokens showing signs of trouble despite the total market capitalization holding steady at around $433 Billion. Bitcoin (BTC) is currently trading at $9,303; Ethereum (ETH) is currently at $750; Ripple (XRP) is holding strong at $0.80. Outside the top 3, one coin stands out: DigiByte (DGB).

DGB is currently ranked 50th on coinmarketcap.com. It is currently trading at $0.0476 with a 7.43% increment in 24 hours. This is quite impressive for a coin that is reasonably priced under a dollar and less than ten cents. The current total supply stands at 21 Billion DGB. This figure is 21% of the number of Tron tokens in circulation. Its circulating supply is 10.227 Billion which is another 15.5% of the total number of TRX in circulation. This means that were the demand of DGB be considerable, then it would be a matter of time before that 47 cent value increases to $1.

So what exactly is DigiByte (DGB)?

DGB is a more secure, faster and forward thinking blockchain technology. These three key concepts are what makes the ‘small’ coin stand out from all the other coins and tokens making headlines on a daily basis.

In terms of decentralization, the DigiByte blockchain is spread over 200,000 servers, computers, phones, and nodes worldwide. It is capable of being connected to the Internet of Things via devices such as the aforementioned phones. This allows it to be a prime candidate for Artificial Intelligence adoption as the technology progresses.

The blockchain uses 5 secure and advanced algorithms thereby avoiding centralization of mining compared to single algorithm blockchains. The blockchain implements Digishield and Miltishield to protect itself from malicious attacks. The blockchain is also fast with a 15-second block timing speed. It even integrated SegWit before any other blockchain project.

So why buy in or use its features?

Firstly, it is reasonably priced at under 10 cents.

Secondly, previous market performance has seen the coin reach values of $0.129 on January 6th. This means that the coin can pack a punch in the markets.

Thirdly, DGB is a hidden gem amongst the over 1,500 coins and tokens out there.

A fourth reason to get some DGB is the availability of its Wallet on several noteworthy platforms. It is available on both 64 bit and 32-bit versions of Windows and Linux; available on Mac; available on Android; and available on DigiByte Go Wallet which is a Chrome extension. It is also compatible with the 3rd party wallets of Coinami, Nano Ledger S, Trezor and Exodus.

In a nutshell, DigiByte is a hidden gem in the cryptocurrency markets that has a promising future through its amazing capabilities.

For the latest cryptocurrency news, join our Telegram!

Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

Image courtesy of Pexels

Bitcoin

Investors Beware: Another Large Bitcoin Crash Might Be Coming

Published

on

Bitcoin crash
READ LATER - DOWNLOAD THIS POST AS PDF

The crypto prices have surged quite high in the last few months. Of course, their progress is nowhere near the one seen in 2017, but they appear to be getting there, one day at the time. However, things might not be as simple as that, and according to recent performance — it is more than possible that a major Bitcoin crash is incoming.

The fact is that cryptos saw a massive amount of growth in a very short period. Bitcoin itself more than doubled its price in only two months. Now, the rally is starting to crash in on itself, and the coin is already about $1,000 lower than last week. If such development does come to pass, a lot of people will experience quite large losses, although experienced investors might find some opportunities, and leverage in order to enhance their holdings’ long-term value.

For example, Bitcoin dominance is expected to crash very quickly, which will work in favor of quite a lot of altcoins. While this does not seem to be the best time to invest in BTC, altcoins are another story, and diversifying a portfolio now might end up being very profitable in days to come.

Bitcoin behavior mirrors the pre-bear market situation

The crash that analysts are predicting right now comes as a direct consequence of all the hype that has been building up in…

Continue Reading

Bitcoin

The Bitcoin Revolution: Everything You Need To Know To Take Profits

Published

on

Bitcoin
READ LATER - DOWNLOAD THIS POST AS PDF

Bitcoin is soaring high in the cryptomarket once again, and experts are expecting a return of the bullish trend of 2017. The current Bitcoin price is $7,615 as of 23 May 6:56 AM UTC. This significant jump comes just six months after the Bitcoin price plummeted to a low of $3150 in December 2018. Since then, Bitcoin has experienced steady growth and gain in the market. However, in the last 30 days, the Bitcoin price peaked to $8,320.82, its highest price ever. This phenomenal jump occurred in a span of only 10 days breaking the Bitcoin record so far of significant gains made in short time frames. This positive growth has led to experts forecasting the Bitcoin price to hit the $20,000 mark by the end of this year.

Since entering the market almost 11 years ago, Bitcoin is still at the top of the global cryptocurrencies list. The current circulating supply of Bitcoin is at unbelievable 17,708,875 BTC. The market trend of the Bitcoin price has remained positive even when the currency did not maintain an uptrend. Cryptocurrency researchers believe that Bitcoin has the potential to grow up to a high of USD 50,000 within the next two years.

How to Profit from Bitcoin…

Continue Reading

Altcoins

3 Altcoins That Are Outperforming Bitcoin and Will Likely Face Consequences

Published

on

altcoins
READ LATER - DOWNLOAD THIS POST AS PDF

The crypto market is going through a period of massive recovery in the past few months, which has caused the investors’ optimism to return. While all eyes are on Bitcoin (BTC), as usual, the largest coin seems to be struggling with a major resistance level at $8,000 at the moment. While this level was breached a few times now, every breach resulted in a correction.

At the time of writing, BTC is approaching this level yet again, with its current price being at $7,985,79, and rising further. The price managed to grow by 1.06% in the last 24 hours, and will undoubtedly hit $8,000 in a matter of hours, if not sooner.

However, while Bitcoin continues to remain volatile and struggles with waves of growth and decline, there are some altcoins that are not following its path. Of course, most of them are performing in pretty much the same manner as BTC, as they always had. But, a few coins have actually managed to outperform Bitcoin in recent months.

While optimists believe that this might lead to decoupling from Bitcoin — something that only Binance Coin (BNB) managed to pull off up to this point — it is likely that there will be consequences for these cryptos. This likely means that a price drop for these specific coins awaits somewhere in the near future, as outperforming BTC…

Continue Reading

Elite