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

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DigiByte
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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

Cryptocurrency Collateralized Debt Positions Are Growing in Popularity

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collateralized debt position
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While Bitcoin (BTC) continues to hover around the magical 10,000 price level, altcoins continue to fight an uphill battle.  Simply put, hopes of a future bull run continue to diminish as Bitcoin maintains its dominance.  One school of thought is that a few altcoins will survive and flourish, but which ones are anyone’s guess.  That being said, it’s hard to go wrong picking against the top coins like Ethereum (ETH), Ripple (XRP), Litecoin (LTC), and EOS.  These projects have managed to find a foothold in the market and have a better chance than most of staying there.  While traders wait for their positions to increase in value, one opportunity that may be worth looking at is initiating a collateralized debt position.

What is a Cryptocurrency CDP?

In traditional terms, a CDP is essentially putting up collateral in order to receive a loan against the deposited amount.  There are several examples of this in our day to day lives.  Auto title loans from large companies like TitleMax are extremely popular with consumers.  Consumers are essentially able to use their car as collateral in exchange for a cash payment which can then be used for whatever needs the consumer has.  The consumer can continue using their car as long as debt payments are made.

The same concept applies to cryptocurrency CDPs.  Consumers are able to put up crypto tokens, such as…

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Hodium Presents a Compelling Opportunity for Outsized Investment Returns

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Hodium
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I’m sure all of us remember the cryptocurrency glory days of 2017 and early 2018.  It was one of the biggest bull runs in history and created incredibly wealth for quite a few early entrants.  Unfortunately, for most of us, those gains have most likely been wiped out during the altcoin apocalypse.  The truth is that traders probably thought a bit too highly of their trading abilities when the reality was that anyone could have thrown a dart at a board and ended up making money.

As markets mature (and the crypto market is definitely maturing) it becomes more and more difficult to generate alpha.  In that regard, it’s similar to traditional financial markets.  I can remember trading during my high school days.  It was the late 90s and right in the middle of the dot.com boom.  Eventually, however, the euphoria fades away and reality hits hard.  Now, it’s become rather difficult to actually trade profitably which has given way to the rise of hedge funds.

Hedge funds are investment funds that pool capital from accredited and/or institutional investors and invest in a variety of assets, often with extremely complex portfolio-construction and risk management techniques.  The professionals employed by hedge funds are the best of the best and have spent years honing their craft.  That is why they’re able to make the millions of dollars that they normally…

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KaratGold Proves Its Business Model By Providing Official Documents

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There has been a lot of renewed enthusiasm in the cryptocurrency market thanks mainly to Bitcoin’s strong move about 10,000.  Although Bitcoin continues to show its dominance, the altcoin market has yet to benefit from that rally.  A few of the largest altcoins remain popular but the rest of the market continues to lag behind.  In 2018, there was a lot of talk regarding a possible altcoin apocalypse where only the strong would survive.  That prediction appears to be playing out as expected.  Going forward, only the best projects that have a real world need will survive.  Crypto traders will have to spend a lot of their time doing proper research in order to find the best opportunities, just like in all financial markets.  One promising project that appears to have the makings of a future winner is KaratGold Coin.

KaratGold Background

KaratGold Coin is a cryptocurrency developed by the reputable German company Karatbars International, which maintains a leading position in the market of small gold items and investments. The project is part of a larger ecosystem, which involves several blockchain solutions that can be used for transactions, communication, investing and other tasks. During the past few weeks, however, the KaratGold ecosystem has been a target of unsavory scam allegations.  

Karatbars International and GSB Gold Standard Banking Corporation…

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