In an emerging crypto world, there are plenty of startups searching for a place to get recognized in the market. Many currencies are gaining the  attention of the investors to get established in the crypto space. Digibyte is one of the rapidly growing open source blockchain and asset creation platforms.

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Do you think that Digibyte could reach $1?

This article aims to present the future prices of Digibyte from a neutral perspective while outlining some important features like price analysis, general market traction, and up to half a decade price prediction. 

Overview

What Is DigiByte?

DigiByte is a digital currency which was developed to offer features of utmost blockchain security. DigiByte is widely recognized as one of the safest cryptocurrencies in the space. In part, this is due to several parts of crypto technology (like the DigiShield or its 5 mining algorithms) that the project developed and implemented. Its 5-year existence makes it one of the older projects on the market, one that managed to expand to over 200,000 nodes throughout the timeframe.

As it seemed focused on the networking aspect at the time, DigiByte kept trailing the path of achieving wider adoption in the world of crypto.

DigiByte Price Analysis 2014-2019

DigiByte entered the market on 6th February 2014 with the opening price of $0.001232. The price started to fluctuate as DGB initiated its trade.

2017

The price continued to remain stable with lesser fluctuations until the end of May 2017 because of the minor improvements in the price DigiByte steadily started to surge. The price reached $0.017 at the end of May. Later on the price dramatically poured to $0.056 by the start of June. The price started to fall and reached $0.019 at the end of June. DigiByte managed to be in the flow as it was traded at $0.017 at the end of July. Later on the price continued to be at the same level with lesser fluctuations for several months. Surprisingly, the price reached $0.008 in the mid of November and further started to surge steadily. At the end of 2017 DigiByte was traded at $0.005.

2018

On a bullish note, DigiByte entered the year 2018 with a spike. It was trading at $0.12 in early January. Later on the price started plunging to reach $0.04 at the end of January. The price managed to trade at the same level until the end of March. Further the price plunged to $0.017 in the start of April and further surged to $0.05 by early May. The price drastically plunged to $0.02 at the end of June further surged to $0.04 at the end of July. Later on the price started to plunge until the end of December 2018. At the end of 2018 DigiByte was traded at $0.010.

2019

As bears started to drag the market, DigiByte commenced the year 2019 with its price $0.010 and further the price fluctuated for several months. The price hit $0.016 by early June and further plunged to $0.008 by the end of August. Later on DigiByte continued to be in the same price range with fewer fluctuations until December. The price arrived at $0.006 by the mid December. At the end of 2019, DigiByte was traded at $0.005.

2020

DigiByte initiated the year 2020 with the same price of $0.05 which was traded at the end of 2019. Digibyte was traded at the range between $0.005 and 0.008 with minor fluctuations until the end of April. Later on the price climbed to hit $0.02 by the first week of May. The price started to plunge further for several months. Later on the price spiked to $0.03 by the mid of August and further started to fluctuate.

The price maintained the range of $0.02 until the mid of November. The altcoin continued to survive at $0.02 as the expansion of Bitcoin price rally at the end of November. The price remained stable with lesser fluctuations. At the end of 2020, DigiByte was traded at $0.024.

DigiByte 2021 Price Prediction

DigiByte continued to trade at $0.02 at the start of January. It might reach $0.04 by the mid of July with certain fluctuations. Later on the price may start to climb for several months and DigiByte might trade at $0.10.

DigiByte Price Prediction 2022

DigiByte might trade at $0.12 by the start of January and could reach $0.2 by the end of January. The price might plunge with certain fluctuations. The price may touch $0.35 by the mid of August and may continue the same trend for several months. By the end of 2022, DigiByte might trade at $0.55.

DigiByte Price Prediction (Next 5 Years)

In 5 years, Digibyte may provide a seamless and user friendly platform for the transactions and might enhance the security of the users. By the end of 5 years DigiByte might break its price records and could reach the high price of $1.

DigiByte Market Prediction

There are plenty of predictors available in the market. Let us check some of the important marketers’ views on DigiByte.

WalletInvestor

According to WalletInvestor, a crypto forecasting website, DGB can be a good profitable investment, if any one is looking to invest in virtual currencies. A long term increase is expected if anyone starts to invest in it.

CoinFan

CoinFan believes that DGB price will slowly increase throughout 2021, ending the year at $0.242.

CryptoGunter

According to CryptoGunter, Digibyte’s price will increase to $20 by the year 2020. If this did not happen, it would give DGB coin a market capitalization of $220 billion which would make DGB a most valuable cryptocurrency in the industry.

Our DigiByte Price Prediction

DigiByte commenced the year with $0.02. As per our analysis the price might reach an average of 0.035 by the end of January. The price might continue the same range and might trade at $0.10 by the end of 2021. Digibyte might be a good investment for the long term. It’s price may reach $1.75 in the future.

FAQ

Source: https://coinpedia.org/price-prediction/digibyte-price-prediction/