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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XNO Token of Xeno NFT Hub listed on Bithumb Korea Exchange
Hong Kong, Hong Kong, 25th January, 2021, // ChainWire //
Xeno Holdings Limited (xno.live ), a blockchain solutions company based in Hong Kong, has announced the listing of its ecosystem utility token XNO on the ‘Bithumb Korea’ cryptocurrency exchange on January 21st 2021.
Xeno NFT Hub (market.xno.live ), developed by Xeno Holdings, enables easy minting of digital items into NFTs while also providing a marketplace where anyone can securely trade NFTs.
The Xeno NFT Hub project team includes former members of the technology project Yosemite X based in San Francisco and professionals such as Gabby Dizon who is a games industry expert and NFT space influencer based in Southeast Asia.
NFT(Non-Fungible Token) technology has recently gained huge focus in the blockchain arena and beyond, making waves in the online gaming sector, the art world, and the digital copyrights industry in recent years. The strongest feature of NFTs is that “NFTs are unique digital assets that cannot be replaced or forged”. Unlike fungible tokens such as Bitcoin or Ether, NFTs are not interchangeable for other tokens of the same type but instead each NFT has a unique value and specific information that cannot be replaced. This fact makes NFTs the perfect solution to record and prove ownership of digital and real-world items like works of art, game items, limited-edition collectibles, and more. One of the ways to have a successful trading…
Should Crypto Projects Devote Resources to Community Growth and Marketing?
2020 has been an incredible year for crypto as investors have generated windfall profits and crypto projects have seen their businesses gain the spotlight they’ve been looking for. While Bitcoin has received most of the attention after major institutional investors announced they were accumulating the increasingly scarce asset, many altcoins have also seen their fair share of glory. When looking at all the big winners of the past year, the first project that probably comes to mind is Chainlink, having appreciated by more than 550% YTD and now valued at over $4.5 billion. But, the actual biggest winner of the year is HEX with a YTD return of over 5,000%.
I mention both of the above projects as they have each taken slightly different paths to achieve greatness. Chainlink has devoted resources toward building a fundamentally sound business with many strategic partnerships while HEX has spent vast sums of money on marketing and promotion. Both approaches are valid, but one thing is certain, it is absolutely imperative for crypto projects to let the crypto community know what makes them special. Of course, one of the reasons that makes crypto so valuable is the powerful blockchain technology that most projects are utilizing.
Cryptocurrency vs. Blockchain Technology
It’s important to make a distinction between blockchain technology and cryptocurrency. Although they are often used interchangeably, they are different. Blockchain technology and crypto were both created after the 2008 financial crisis, but cryptocurrency…
XENO starts VIP NFT trading service and collaborates with contemporary artist Hiro Yamagata
Hong Kong, Hong Kong, 24th December, 2020, // ChainWire //
The XENO NFT Hub (https://xno.live) will provide a crypto-powered digital items and collectables trading platform allowing users to create, buy, and sell NFTs. Additionally it will support auction based listings, governance and voting mechanisms, trade history tracking, user rating and other advanced features.
As a first step towards its fully comprehensive service, XENO NFT Hub launched a recent VIP service to select users and early adopters in December 2020 with plans for a full Public Beta to open in June 2021.
“NFTs are extremely flexible in their usage, from digital event tickets to artwork, and while NFTs have a very wide spectrum of uses and categories XENO will initially focus its partnership efforts and its own item curation on three primary areas: gaming, sports & entertainment, and collectibles.”, said XENO NFT Hub president Anthony Di Franco.
He also added “This does not mean we will prohibit other types of NFTs from our ecosystem However, it simply means that XENO’s efforts as a company will be targeted into these verticals initially as a cohesive business approach.”
Development and Procurement Lead, Gabby Dizon explained, “Despite our initial focus, we found ourselves with a unique opportunity to host some of the works of Mr. Hiro Yamagata. We are collaborating with Japanese artist Hiro Yamagata to enshrine some of his artwork into NFTs.”
Mr. Yamagata has been…