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Price Forecast: Will DigiByte (DGB) Cross $1 in 2018?

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DigiByte

While Bitcoin is the largest and most talked-about currency in the crypto space, it is not the only profitable investment option. After the record-high performance of Bitcoin in 2017, it has been a disappointing year for Bitcoin followers. Over the years, the market has evolved to accommodate thousands of new altcoins which aim to bring outstanding innovations in the realm of the blockchain. Discernibly, DigiByte ranks among the top-performing currencies in the market and its team focuses on delivering a secure, faster, and avant-garde blockchain solution to crypto enthusiasts.

DigiByte, a cryptocurrency on the rise, aims to develop an alternative blockchain solution for new age investors. Functional since 2014, the cryptocurrency has been in existence for four years, cementing its place as the fastest and most secure UTXO blockchain in circulation. In the highly volatile world of cryptocurrencies, factors like tight security protocols and advanced algorithm play a pivotal role in influencing investments. By placing security before everything else, DigiByte team’s primary objective is to deliver highly secure services to investors. DigiByte’s rapid rise to fame as the public decentralized blockchain can mean only one thing. As with any other successful decentralized network, DigiByte is supported by a competent development team.

Top Reasons Why the Value of DigiByte (DGB) May Touch $1 This Year

If you are aware of the latest price trends, you might be aware of the bearish momentum that has pushed some of the active currencies to a depression. With the top market players trading in the red, DigiByte features among the rare altcoins that survived the bear storm. Tracing the price movements of the currency, DCB’s price soared exponentially from 0.017 USD to 0.048 USD. Since its rise to 0.048 USD, DGB has managed to maintain a consistent performance, lingering around 0.033 USD.

Looking at DCB’s positive market response, one can point out several factors that are influencing the coin’s progress. Considering the speculations generated around the meteoric rise of the altcoins, it can even touch the long-anticipated $1 price level. The significant developments that are propelling the currency towards the $1 target can be summarized as follows:

Recognised for scalable and lightning fast application, DigiByte ranks among the top market leaders. While Bitcoin generates a single block in 10 minutes, DigiByte produces it coin in just 15 seconds. Besides, only a few currencies can beat the security features offered by DigiByte, as employs a 5 algorithms-based system, also known as MultiShield, to eliminate the risk of 51% attacks. The killer security protocols are complemented by DigiShield, MultiAlgo, DigiSpeed, and SegWit.

Apart from the technological upgrades on the blockchain, the currency has seen some exceptional developments in the form of listing and partnership. For instance, DCB was mentioned as one of NASDAQ’s decentralized projects.

Much of the speculations regarding DigiByte can be understood in terms of DigiByte’s dedicated awareness team or DGBAT, which was formed with the vision of spreading awareness about the project, drawing new investors to the network.

Tracking the important milestones reached by DCB, it is essential to talk about its listing on DX.Exchange. DX.Exchange, which is recognized among the most influential trading platforms, is a community-driven platform with numerous DGB token holders. At any rate, such a tie-up comes across as an excellent development.

Going forward, DigiByte has launched the hyped-up Guarda DigiByte wallet that is now available on Google Play. It goes without saying that the wallet will play a pivotal role in attracting investors to the blockchain network.

The Future of DigiByte (DCB)      

As a groundbreaking cryptocurrency project, DGB features among the most vied-after investment options in the crypto space. Although a large number of currencies are ranked higher than this altcoin, it has anchored itself in the mainstream crypto market for its high scalability and security. As confirmed by DigiByte’s website, there are some exciting developments on the horizon that will make a tremendous impact on the market. Speaking of the future developments, there’s the much talked about DigiByte Foundation which plans to focus on education, outreach, and innovations.

In a nutshell, the present developments, as well as the plans scheduled for the future, are some of the major factors reshaping the course of the blockchain at the moment.  Available for trading at $0.031976, DigiByte (DCB) has moved up by 1.21% from its earlier position. As of 12th June 2018, the market capitalization of the market is tantamount to $331,907,569. Now that it is gaining a steady momentum in the market, the coin might just break all its previous records to touch the much anticipated $1 price level this year.

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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

Rewards Platform StormX Offers 50% Crypto Cashback Bonus for Thanksgiving

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Singapore, Singapore, 23rd November, 2020, // ChainWire //

Blockchain-based rewards platform StormX has released a seasonal promotion for its award-winning Crypto Cash Back App. The promotion will allow app users to earn a 50% bonus on top of their cashback between Thanksgiving Day and Cyber Monday (November 26-30).

StormX has also introduced a brand-new staking service, allowing users to earn an additional 50% per year when they stake STMX tokens. The native ERC20 token of the StormX ecosystem, STMX has a total supply of 10 billion and is available to trade at many of the world’s top exchanges, including Binance and Bittrex.

“With Bitcoin’s price approaching its all-time high, interest in cryptocurrencies has renewed, though some people believe it’s now too expensive to buy in,” said StormX CEO and Co-Founder Simon Yu. “What we have done is create an easy way for such individuals to accumulate bitcoin, ethereum and other cryptocurrencies via everyday shopping.

“We’re also excited to provide users with the ability to earn greater rewards simply by staking their tokens.”

Since the StormX mobile app launched its Shop feature with over 700 stores in February 2020, some 400,000 unique users have been added to the rewards platform. StormX has also witnessed over 50% month-on-month growth for sales. The app is available for download on the App and Google Play Stores, and can be downloaded as a browser add-on from the Chrome Web…

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Altcoins

BITTREX GLOBAL CONFIRMS FREE TRADING AND LISTING FOR TOP DEFI TOKEN

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Valduz, Liechtenstein, 17th November, 2020, // ChainWire //

International cryptocurrency exchange promotes free trading and no gas fees for leading DeFi tokens

17th November 2020 — Bittrex Global GmbH. announced today 8 new DeFi tokens will be listed this week including:

  • UMA (UMA)
  • Aave (AAVE)
  • Balancer (BAL)
  • REN (REN & renBTC)
  • Kyber Network (KNC)
  • Band Protocol (BAND)
  • YF Link – (YFL)

Bittrex Global’s users can trade all of their DeFi  tokens with no trading or gas fees until 2021. The decision to enable free trading on Bittrex Global for DeFi tokens  follows on from the 1,000% growth of the DeFi asset class over the course of 2020.

The decision to enable free transactions will see more investors enter the Blockchain Act’s digital asset regulatory system, supervised by the Financial Market Authority in Liechtenstein (FMA) under the Due Diligence Act which requires traders to comply with the KYC/AML/CFT standards.

“The last year has seen huge growth in DeFi as an asset class and a number of significant milestones completed,” said Bittrex Global’s CEO Tom Albright. “As the asset class matures and more institutional and professional investors look at the fundamentals, we are likely to see increased demand and higher trading volumes for DeFi in 2021.

We’re really excited about what we’re seeing in the space and want to see these DeFi projects grow and help them build stronger platforms through increased adoption. Offering free trading fees…

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Altcoins

Ready for Chaos? Swingby’s Chaos-Mainnet Launches on December 28th

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Singapore, Singapore, 9th November, 2020, // ChainWire //

Swingby is the “warp-speed” protocol for inter-blockchain swaps. It allows all DeFi users to move assets between blockchains without a trusted party. 

Today, Swingby announces its first mainnet network will be released on the 28th of December; it will bridge native Bitcoins onto Ethereum via Wrapped BTC (WBTC).

The initial bridge will enable the most liquid digital asset in the world (Bitcoin), currently valued at a $300 billion market cap, to be moved onto the Ethereum network to tap its $10b DeFi ecosystem.

“This launch will be pivotal to Swingby. After December 28th, Swingby will have a fully operational Chaos-Mainnet network which will be generating a tremendous amount of value to the world of DeFi and bringing in a large number of new users” – Yusaku Senga, CEO

Why is this big news for DeFi?

On December 28th, Swingby will be launching its first Chaos-Mainnet bridge, allowing users to easily move their bitcoins into WBTC on Ethereum without the need for a trusted party. Similarly, the bridge can be used in the opposite direction allowing WBTC-ERC20 tokens to be moved back into native BTCs.

What’s so special about it?

  1. Trustless: Swingby’s Skybridge will be the only way to trustlessly swap BTC into wrapped Bitcoin (WBTC).
  2. Simple to use: The Swingby bridge has been designed to work with standard transaction types removing the need for complex smart contract calls…
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