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DigiByte (DGB) Just Got A Major Market Boost

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Take a look at the daily chart for DigiByte (DGB) and you’d be forgiven for thinking that the coin is in some real trouble right now. At the most recent listing, DGB went for in and around $0.03 a piece, putting it at 58th by market capitalization in the cryptocurrency and token world and serving up a market cap of juts under $301 million.

DGB Daily Chart

DGB Daily Chart

Compare this to the $0.13 a piece and the market cap of $1.25 billion recorded just a few weeks ago and the in-trouble thesis becomes a little stronger.

Here’s what we think about the situation:

Don’t trust the chart.

This is a coin that’s fallen purely because the wider industry has taken a hit. As the phrase goes, a rising tide helps all boats float and the same is true in reverse – right now, we’re seeing some of the smaller boats sink because the wider cryptocurrency tide is falling.

Heading into the dip, however, DigiByte was really starting to gain some traction.

For anyone that’s not come across this coin before, DigiByte is a transaction focus coin that’s essentially trying to do what bitcoin (BTC) was once pitched as having the potential to do but that now looks like it’s never quite going to achieve – become a seamless transaction-type asset and oust fiat currencies as a value transfer vehicle.

It’s like bitcoin but there are a few built-in differences between that protocol on which bitcoin (and Litecoin) rests and that which powers DGB.

For one, it’s far more scaleable, with up to 2,000 transactions per second possible by 2020. Second, it’s much, much faster than bitcoin, with block times at 15 seconds (as compares to the 10 minutes of bitcoin). It’s also difficulty adjusted in real time, as compares to the two-week delay adjustment built into bitcoin (making it more adaptive) and, finally, there’s a supply cap of 21 billion units, as compares to the 21 million cap for bitcoin.

This makes it far more manageable at scale, in the sense that smaller denomination tokens can be used to facilitate a viable transaction process, as opposed to using three or four decimal place transactions.

All this is great, but it’s nothing new. Why are we going on about DigiByte right now?

Well, here’s the thing.

The company announced at the end of last week that it’s secured a PR company called Tom Cridland Public Relations to help it expand into the mainstream consciousness. The company is set to accept 300,000 DGB (which was committed to the cause by the community, by way of the DigiByte Foundation), in return for its PR services and the deal will start pretty much immediately.

So why is this a big deal?

Until now, DGB has risen in popularity based on internal traction and market attention. It’s not had a company pushing it into the sphere of awareness of both the crypto world and the wider markets – until now.

With this support in place, we expect DigiByte not only to pick up a whole new layer of public market support but that the coin will bring in a wave of speculative demand that’s seeking exposures to those coins that have incredible potential but that are trading down right now on the back of wider market weakness.

Bottom line here is that this coin has done well to get to its current level on its own but that the PR firm should take it to the next level. This would be a buy signal for a coin that wasn’t down 76% over the last few weeks. Combine it with the just mentioned dip and things become even more attractive.

We will be updating our subscribers as soon as we know more. For the latest on DGB, sign up below!

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.


Image courtesy of DigiByte

Altcoins

META 1 Coin Trust Announces Commission to Study Global Persecution of Cryptocurrency Projects

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Boca Raton, Florida, 27th October, 2020, // ChainWire //

Collaborating with Other Cryptocurrencies, META 1 Tackles Injustice and Human Rights 

META 1 Coin Trust has announced plans to identify, research and document instances of governmental overreach in cryptocurrency cases globally, as part of its ongoing efforts to advance human rights and individual freedom. 

According to Robert P. Dunlap, Executive Trustee of META 1 Coin Trust, “The malicious attacks on crypto projects globally by overzealous government agencies must be documented and publicized to protect the individual liberties of META 1 Coin holders, as well as issuers and holders of other cryptocurrencies.” He added, “The decentralized, non-jurisdictional reality of crypto has left government agencies often unable to fully litigate cases and the general public should not have to continue suffering due to excessive overreach as agencies clamor to save face.”

META 1 Coin Trust is led by Robert P. Dunlap and Nicole Bowdler, who are both committed to pushing back against unimpeded global persecution of cryptocurrencies. By calling attention to years of organized efforts by government agencies to specifically target cryptocurrency projects, their hope is that the public will see and demand an end to these unjust violations of individual liberty. 

Specific grievances which motivated this initiative include grave concerns over government agencies’ obstruction of individuals’ livelihoods, defamation of character, and libelous false accusations which could tarnish the names of individuals for years to come, long after legal actions…

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GDA Capital in Conversation About the Future of Digital Assets at Global Family Office Summit

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GDA Capital organized the quarterly Global Family Office Summit this week. The event was held virtually with a number of technology leaders and high net worth investors who discussed issues such as education, trust and responsibility to give back. Among these were insightful conversations with Dubai-based Dalma Capital’s CEO Zachari Cefaratti, Holt Fintech Accelerator founder Brendan Hold Dunn, Global Data Sentinel CEO and White City Ventures Chairman of the Board Shahal Khan, and Elitium CEO Raoul Milhado, among others. Participants were also given access to off-market opportunities to invest in novel technologies.

Will Bartlett, GDA Capital’s Director of Research, headlined the event by focusing on tech in the modern economy, and identifying six sectors where new technologies can make a lasting impact: robotics, space, biotech, machine learning, quantum computing, and blockchain. In the context of blockchain, he discussed how digital assets are a hedge against traditional financial markets. “Cryptocurrencies have no exposure to stock market returns, macroeconomic factors, or returns of currencies and commodities,” Bartlett said.

More so, Bartlett believes that new models for digital assets such as DigitalBits’ branded stablecoins are key to the development of the field. These currencies replace traditional rewards and loyalty point systems that are commonly used by household brands by porting them to the blockchain. Meanwhile, they rely on brand…

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Chainwire Launches Blockchain-Focused Automated Press Release Distribution Service

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TEL AVIV, Israel, 13th October, 2020, // ChainWire //

MarketAcross, a world leader in blockchain public relations and marketing services, is pleased to announce the launch of Chainwire, an automated press release distribution service which provides guaranteed coverage and in-depth reports. Chainwire will be a one-stop-shop for the distribution of press releases in the cryptocurrency and blockchain sector. The launch marks the first time that advertisers can reach leading publications in the crypto media with the click of a button. 

While most industries have some kind of PR newswire service, the cryptocurrency sector has become a victim of its own rapid pace of growth over recent years. Since the ICO boom of 2017, there has been a proliferation of blockchain and crypto-focused projects, exchanges, investment firms, and marketing agencies, along with niche news and informational content sites. 

However, the infrastructure to connect this complex ecosystem has been slow to come up to speed, meaning that existing newswire services don’t reach their target audience. It’s estimated that one in five people own cryptocurrencies, so there is currently a significant missed opportunity to reach a massive global readership. 

As a newswire service dedicated to the crypto and blockchain space, Chainwire aims to address this gap. Press releases are distributed to leading publications, offering guaranteed coverage to reach audiences worldwide. The system is integrated with publishers and blogs, enabling accurate reporting via a user-friendly dashboard. It also…

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