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The Future of Digibyte Looks Interesting

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Scalability issues remain one of the biggest challenges of the crypto world. Without solving it, the crypto and blockchain technology will have big problems with reaching mainstream usage. Right now, most cryptos are looking into off-chain scaling solutions. One such solution is the lightning network. However, solutions like lightning network might lead to centralization problems, which is what this technology has been looking to distance itself in the first place. With that in mind, Digibyte has different plans, which might make the future of Digibyte looks interesting.

The future of Digibyte (DGB)

Digibyte (DGB) believes that the real solution to the scalability issues lies on-chain, instead of off-chain. Because of that, it is one of the few cryptos that has dedicated its efforts to solving on-chain scaling. In fact, its very design is dedicated to this goal, while still maintaining true decentralization. This is why the future of Digibyte might also mean the future of blockchain technology. As such, Digibyte and cryptos like it might be among the first to go mainstream.

Digibyte’s advantage lies in three key aspects. The first of them is security. DGB is among the blockchains with the best security solutions today. It uses 5 different mining algorithms, which make it pretty much completely impenetrable. Next, we have speed. This is among the fastest coins in the crypto world, with almost instant transactions, which can rival pretty much any centralized system. In fact, many expect it to grow even faster as it grows and continues its development.

Finally, the third aspect is cost. DGB’s transactions are extremely cheap. So much so, in fact, that they can hardly be compared by any other crypto project out there right now. The only projects that can come close to its prices are those with a few centralization elements. As such, they pretty much defeat the whole point of cryptos as decentralized assets, which is why they can’t really be considered a true opposition to the coin.

Digibyte to skyrocket once mass crypto adoption arrives

These factors, as well as the fact that Digibyte is dedicated to on-chain scaling, there is a good chance that the future of Digibyte is brighter than most. This might not be obvious at the moment, considering that the coin ranks as 34th on CoinMarketCap with a price of $0.025263 per token.

However, when the mass crypto adoption starts happening for real, DGB is expected to skyrocket and finally reach the heights it deserves. Some analysts predict that its price will even surge from a fraction of a cent to a couple of dollars. What’s more, they expect this to happen in the recent future. As such, Digibyte looks like an excellent long-term investment for anyone looking to make one.

Of course, nothing is ever certain when cryptocurrencies are involved, we can admit that much. Still, considering how much potential this coin has, it would hardly be a surprise if all of these predictions actually come to pass.

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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. The author is long Bitcoin. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

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Altcoins

Why Binance May Be Crucial for Tron (Trx) to Reach $1

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TRON (TRX) has been one of the most popular crypto projects in the past year. The coin has received a lot of attention from the entire crypto community, and although the impressions may differ —  the fact is that TRX is one of the most talked-about coins, even today.

However, while the project managed to achieve a lot in less than a year — launch its MainNet, start multiple massive projects, launch dozens of dApps, hundreds of smart contracts, its own DEX, new token, and more — its price remains quite low. Undoubtedly, one of the reasons for this is its massive supply. TRX circulating supply is over 66 billion coins, while the total supply is over 99 billion.

Even so, the coin is believed to be massively undervalued, with its current price sitting at $0.028129, according to TradingView. This price, together with a market cap of $1.88 billion, pushed the coin out of the list of top 10 largest cryptocurrencies, and it currently sits at 11th spot. But, many believe that this is not a permanent position for TRON. In fact, its community believes that it is only a matter of time before TRON rises through the ranks, and its price hits $1. And, the way for the coin to achieve this is believed to be through Binance.

TRON and Binance

Binance is one of the world’s…

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Why Tron (TRX) Price Won’t Remain Low for Long

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TRX
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TRON (TRX) has been one of the most popular cryptocurrencies in recent years. The project has achieved a tremendous amount of success in less than a year, and while the first birthday of its MainNet is approaching, TRON certainly continues to impress to this day.

With that said, its price is still noticeably low, and many would agree that the project is heavily undervalued. The low price even allowed other projects to push it out of the top 10 list, with TRX currently being the 11th largest cryptocurrency by market cap. However, it is likely that TRON will not remain undervalued forever, and that its price might soon see a surge that its entire community has been waiting for, for a long time now.

Why TRX might see growth soon

As many undoubtedly know, TRON is a lot more than just a cryptocurrency. It has developed a massive ecosystem, which offers a development platform for coins, smart contracts, and dApps. It also acquired BitTorrent last year for its Project Atlas, which will allow torrent users to earn crypto through participation in content sharing.

For this purpose, it also launched BitTorrent (BTT) token, which saw its launch on January 28, 2019 on Binance Launchpad. This was dubbed the most successful ICO in history at the time, although several coins launched since then have broken its record.

In addition,…

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3 Cryptocurrencies Most Likely to Follow Bitcoin’s Performance

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For more than a year, the cryptocurrency market has been dominated by bearish influence, with most coins seeing constant drops, or stagnation, at best. This all changed in the past few months, starting with Bitcoin which once again started leading the market up, bringing one minor rally after another.

BTC itself experienced massive losses in 2018, with its price going down by around 84%. Most other coins among the top 10 mirrored its performance, and some of them experienced even greater losses. However, now that Bitcoin sees gains again, these cryptocurrencies are still following its example, and many of them have seen massive breakouts. Some of the more notable altcoins that followed Bitcoin’s recent example are Ethereum (ETH), Stellar (XLM), and Cardano (ADA).

Ethereum performance mirroring Bitcoin’s price

As mentioned, Bitcoin led every rally so far, but before it did, its price first went through what is known as an ascending triangle pattern. The pattern held for around five months, which is exceptionally long for the crypto world. However, once the pattern was finally broken — the coin’s price skyrocketed, more than doubling itself within only two months.

One thing to note is that Ethereum performed in pretty much the same fashion. After five months of struggle and confusion for investors, the second largest cryptocurrency also managed to break the pattern and skyrocket as well. It…

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