DGB coin was severely affected by the crypto market volatility like most major altcoins. But of late, there seems to be a ray of hope in the market as the prices are trying to consolidate their positions. The 5-day DigiByte chart presents a positive picture with the prices picking up and fluctuating in the range of $0.0084 – $0.0094.
- DigiByte price has taken some positive strides over the past 5 days
Current Statistics of DigiByte
As on August 20, 2019, at 3:59:03 UTC, current statistics are as follows:
- DGB price is trading at $0.009240
- Current market cap is around $111,476,299
- 24-hour volume is at $1,240,173
- ROI is at a good 515.39 %
- Circulating supply is at 12,167,128,728 DGB
DGB to USD Price Comparison
The past few days have been good for the DigiByte as the price has mostly shown upward movements. From a low of $0.008494 on Aug 15, the price rose to $0.00945125 on the same day within a time span of 16 hours to the tune of 11.30%. Within the next 8 hours on Aug 16, the DGB price, however, fell to $0.00877230 to the tune of 7.05%. The price of DigiByte managed to bounce back within 10 hours on the same day to $0.009412 to the extent of 7.33%. The price fell to $0.008833 on Aug 17 to the tune of 5.99%. DigiByte price recovered to the extent of 6.27% on Aug 19 in a matter of a day at $0.009387. Today, DGB price has lowered to $0.0092400 to the tune of 2.13%. There has been some positivity in the otherwise volatile market over the past few days.
DigiByte Price Prediction
DGB is a coin with great potential. The bears had been controlling its price like that of other major altcoins in the crypto market, but now it looks like the bulls are ready to make a comeback. The prices are slowly and steadily regaining their rally. Analysts expect the temporary bear phase to fade out soon and make way for the bulls.
With Bitcoin leading the rally and other coins following it, investors can relax a bit and hold onto their investments for a long-term haul. Short-term investors can gain if they show a little more patience and wait for the crypto market to show more stability.
1- Do not invest in every ICO – most of them are a scam.
2- Crypto is a heavily manipulated commodity and the price can change at any moment.
3- The creation cost of a coin represents the “wholesale” price – It is always better to buy when the price is close to the creation cost.
4- Crypto has a natural cash flow that dictates the selling pressure. Like, 1800 bitcoins are mine each day so 1800 bitcoin must be bought at the current price (“means market needs new $18 millions of investment every day if the price is $10,000 to maintain the current price“).
5- Patience and timing are key to making a profit:
Buy, when the price is close to the creation cost.
Sell, when the price is way high off the creation cost.