Digibyte (DGB) has been one of the top performers in the top 40 in the last few weeks. This is quite significant considering that it has been largely sleepy for the better of the crypto bear market. It’s also significant because, this is one of those projects that don’t run on hype. There is simply no one to pump it since it is a fully decentralized community.
Going forward, this is a crypto that can give investors massive gains relative to the rest of the market. This is backed by a number of factors. For starters, Digibyte (DGB) will get a push from Bitcoin (BTC), which is by all indications in an early bull run. Anyone doubting this needs to look at Bitcoin’s weekly chart. Ever since Bitcoin (BTC) tested the 200-day moving average on the weekly chart 8 weeks ago, it has opening higher with each successive week. While the gains have largely been miniature, momentum has been building up and this week it seems to have gained momentum. So what has this got to do with Digibyte?
Well, the market has
consistently shown that when Bitcoin momentum is positive, altcoins tend to
gain faster, and those with strong fundamentals gain the fastest. In this case,
Digibyte (DGB) has some of the best fundamentals, hence its exemplary
performance in the last few weeks compared to a huge section of the top 40
Some of the best
fundamentals backing Digibyte (DGB) include the fact that it is one of the most
secure blockchains in the market. For instance, Digibyte (DGB) is theoretically
susceptible to a 51% attack. However, in practice it is almost impossible to
attack. This means investors can rest easy in the knowledge that they won’t
wake up one day and get hit with news that Digibyte has been attacked. This is
a very important factor because 51% attacks have destroyed coins in the past.
Those hit have struggled to recover and may never get any significant adoption.
Another aspect to Digibyte
(DGB)’s fundamentals is the fact that it has some interesting features that
will drive up its adoption going into the future. For instance, a feature like
DigiID seems to be gaining traction all across the world, as a replacement to
the traditional email and password login. So far AntumID, Coinomi and several other
organizations are taking it up. As it becomes the norm everywhere, DigiID will significantly
raise the profile of Digibyte (DGB).
Other fundamentals include
features like Digiassets which could revolutionize the security token market.
Digibyte (DGB) is scalable and very secure. This makes it a perfect platform
for the launch of digital assets. Once Digiassets hits the market, it could
make will be huge, and have a positive impact on the value of Digibyte (DGB).
In essence, as bulls return
to the market, Digibyte (DGB) stands out as one of the biggest potential
gainers. It’s odds of blowing past its all-time highs are pretty high compared
to a good section of the coins ranking above it.