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Digibyte (DGB) Potential for the Future: Why this Crypto Deserves a Chance

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Digibyte
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The number of cryptocurrencies continues to grow, and thanks to a lot of confusion that this growth is causing, sometimes, a crypto of great potential manages to go unnoticed. Digibyte (DGB) is a perfect example of it, and it might need a second look.

About Digibyte

Ever since the cryptos displayed their potential, their numbers started to increase at a rapid rate. Not only is their value increasing when the times are good, but the number of different currencies alone skyrocketed.

As great as this may seem at first, even crypto enthusiasts had to admit that they sometimes have trouble deciding which one to invest in.

One of the hidden gems of the crypto world definitely includes Digibyte (DGB), and many have started to notice this coin’s potential. According to them, it is only a matter of time before Digibyte’s value skyrockets as well, due to its amazing features an function. Not to mention a brilliant team that developed this asset in the first place, led by Jared Tate.

The coin was originally founded by Tate back in January 2014. Tate’s biggest concern was cybersecurity at that time, which is why Digibyte might be one of the safest coins around even today. Another amazing feature that it offers is an incredible speed. To demonstrate how great its speed really is, let us just say that it is 40 times faster than Bitcoin (BTC).

These features alone make Digibyte one of the fastest and safest coins in the world, which is also protected from any kind of malicious attacks.

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Despite this, it remained relatively unknown, until it received a shoutout from John McAfee. This has boosted its market cap to $1 billion back in January. The individual coin price also went from $0.03 to $0.13, which definitely proves that this crypto has a lot of potentials.

Digibyte’s features

Digibyte is known as a crypto with a lot of useful features, some of them already mentioned earlier. Its security is five times stronger than Bitcoin’s thanks to 5 mining algorithms, while BTC only has one. Additionally, its mining is a lot more decentralized than that of many other cryptos, and it can be changed if it threatens to come too close to centralization.

As for its speed, it is 40 times better than Bitcoin, with 1-3 second notifications regarding the transactions. Not only that, but it only has a 15-second block, while Bitcoin block last up to 10 minutes. DGB tokens are confirmed after only 1.5 minutes, while BTC takes an entire hour.

When it comes to transactions per second, Digibyte is capable of handling 280+ of them, where BTC can only do 7.

As for its supply, the plan is to create 21 billion coins over the course of 21 years. It has a lower price thanks to the sheer volume of the coins, but this is expected to increase the number of microtransactions, as well as lead to greater stability of the coin’s price.

It is also very flexible, and capable of adopting even more new features, should the need for them arise. According to some plans, Digibyte might become capable of handling several thousand transactions per second in the future.

Obviously, this is a crypto with a lot of potentials. Not only is it faster, more secure, and more flexible than other cryptos, but it also promises to become much more than that. Its current price according to CoinMarketCap is $0.037481, but that might change soon, should this coin become noticed. And a low price is not that bad if you wish to invest in it. The time for purchasing these tokens is while it is at its bottom and now is the chance to do just that.

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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.

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Altcoins

Ripple XRP Mega Breakout: What’s Next?

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Ripple XRP mega breakout
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The Ripple XRP mega breakout that we were calling for happened and happened much quicker than anyone expected. As we said yesterday:

Nonetheless, IF, Ripple is capable of going ‘topside’ of the .38 figure at any point in the days/weeks ahead, such development, should it occur, would likely trigger its next advance into the .42 – .47 zone, representing a 30-40% move from present levels. On the flip-side, the .25 – .26 area should offer short-term potential support.

XRP is now sitting at .51704  as we write this article this morning, representing gains of 61% since we alerted our readers and our Global Elite email newsletter members.

Ripple XRP Mega Breakout

The Ripple XRP mega breakout is significant because it’s the first time XRP has been above its 50-day moving average since May. Right now, the RSI is approaching 80, so we are in overbought territory and we expect the price to consolidate around the .42 to .47 level before resuming its uptrend.

While some are looking at this as an opportunity to short XRP, we are not of that camp. While some can book some profits and use a trailing stop, any integration of XRP with xRapid has the ability to create a tremendous move in XRP. As Travis Kling said this week on the Off the Chain podcast with Anthony Pompliano, XRP could be the quickest five-bagger investors…

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Altcoins

Litecoin Cash (LCC): The potential mover?

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Litecoin Cash
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Litecoin underwent a hard fork in the past, and that is what led to the creation of Litecoin Cash. Bitcoin has also experienced a hard fork, which has led to the creation of Bitcoin Cash, so this trend is not necessarily brand new.

Forks have occurred pretty often now in the cryptocurrency community, and the perception is that it probably will continue to, as long as the need (forks are often created to overcome issues faced by the originals) remains there.

While the market has been bearish for most of the year, it has been showing some definite signs of life, especially when we look at the kind of price action that has been happening with Ripple recently. Litecoin is also rising in anticipating of its hard fork, which is to be expected.

For those who are unaware, Litecoin Cash was created earlier this year. 10 Litecoin Cash was given to every investor who had 1 Litecoin – and that one move, it’s easy to see, was very massive concerning value.

Charlie Lee, the founder of Litecoin, has come out against LiteCoin Cash, calling it a scam. Many cryptocurrency influencers have come out against Litecoin cash, although there are still others that believe that this is only because the project threatens them.

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Altcoins

The Stage is Set for Stellar XLM vs XRP

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XLM vs XRP
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The digital asset of XRP, did something spectacular on the 18th of September when it shocked the crypto-markets by rising in value by 21%. In a time period that was less than 5 hours, XRP spiked from levels of $0.273 to those of $0.332 and has continued rising. The digital asset is currently valued at $0.36.

xRapid Factor

The reason for the sharp increment in value of XRP was news that the Ripple company was going to launch xRapid in the next month or so. This was after the firm’s head of Regulatory relations for Asia-Pacific and the Middle East, Sagar Sarabhai, made the following comments during a CNBC interview on the 17th of September:

“I am very confident that in the next one month or so you will see some good news coming in where we launch the product live in production.”

Stellar’s Cross-Border Payments

The news of Ripple launching xRapid has come 2 weeks after the Stellar project and IBM, announced that they were entering the industry of cross-border payments through their new service known as IBM Blockchain World-Wire. The new payment settlement service has been quoted as being ‘near instant’ meaning that it will probably rival the transactions time seen in the xRapid pilot tests of 2 – 3 minutes earlier on in the year.

Stellar Acquiring Chain

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