Bitcoin
BTC$30 127.85

-3.00%

Ethereum
ETH$2 045.64

-3.49%

Tether
USDT$0.998905

-0.01%

USD Coin
USDC$1.000390

0.04%

Binance Coin
BNB$301.61

-1.74%

XRP
XRP$0.430207

-2.88%

DigiByte (DGB): Going Strong After Long Consolidation


June 2020

DigiByte (DGB) belongs to the group of altcoins that actively display the signs of revival after a protracted and tedious correction that lasted since 2018. Even a quick look at DGB's all-time chart tells of the coin's proclivity towards bullish action, which, ironically, began to emerge right after the infamous market crash of March 12-13, caused by the coronavirus pandemic.

DGB all-time chart

Prior to that, the price action of DigiByte must have bored traders to death because it had been traded in a minuscule range that was quietly chugging to the downside. But that time is now over as DGB initiated an enormous spurt to the upside which is now taking the shape of a properly fashioned minor uptrend with three lower highs, but only one higher high, with another one needed to assure traders of the market's commitment to the current bullish context.

Also, the last explosive price growth allowed DigiByte to overcompensate for the losses from last year, as the altcoin is now up 66.7% against USD, and is also in double figures against BTC and ETH - 50.6% and 85.5%, respectively.

It could be the time for DigiByte to shine again


The all-time chart shows that despite becoming a victim of the bubble of 2017, DGB's price action didn't turn into a flat line, and now seems to be preparing itself for the bullish period in Q2 & 3 of 2020. The technological solution offered by the team, which, by the way, works solely on a volunteer basis and didn't even conduct an ICO to gather funds, is solid and includes state-of-the-art network infrastructure that ensures full ASIC resistance, the block production that takes only 15 seconds, and five different cryptographic algorithms. Therefore, DigiByte is suitable for both long-term trading and investment since this project seems to be on the rise, judging by the growing market capitalization, which now amounts to $273 million.

The trading volume analysis shows that the volume has the tendency to rise - in the past 30 days, it increased from $19 million to $36 million, thus proving that traders' interest towards DGB is heating up.

1-day DGB/USDT chart

The entire bullish move began with the three white soldiers pattern that has been playing out diligently so far. The pattern had also coincided with the golden cross on the daily time frame that must serve as an additional confirmation of DigiByte's bullish inclinations.

What's also interesting about the present situation in this market is the relevant neutrality of all three major indicators:

All in all, DigiByte looks ready to retest the resistance at $0.24, and if done properly, this level could become a support for a major upside move to $0.44.

Author: Alex Paulson for Crypto-Rating.com

Related

DigiByte (DGB): Buyers Are Protecting the Uptrend
DigiByte (DGB): Buyers Are Protecting the Uptrend
DigiByte (DGB): The Uptrend is Bound to Continue
DigiByte (DGB): The Uptrend is Bound to Continue
DigiByte: Establishing Foundation for the Bull Market
DigiByte: Establishing Foundation for the Bull Market
DigiByte is One Step Away from the Fully-Fledged Uptrend
DigiByte is One Step Away from the Fully-Fledged Uptrend

Top Cryptocurrencies with Price Predictions

# Crypto Prediction Accuracy CVIX Price 24h 7d Market Cap 7d price change
1 Bitcoin (BTC) BTC Bitcoin predictions 65.6% 75 $30 127.85 -3.00% -1.46% $573 691 120 758 BTC 7 days price change
2 Ethereum (ETH) ETH Ethereum predictions 61.6% 77 $2 045.64 -3.49% -9.90% $247 127 888 676 ETH 7 days price change
3 Tether (USDT) USDT Tether predictions 96% 1 $0.998905 -0.01% -0.10% $75 669 201 846 USDT 7 days price change
4 USD Coin (USDC) USDC USD Coin predictions 96% 1 $1.000390 0.04% 0.05% $52 067 570 451 USDC 7 days price change
5 Binance Coin (BNB) BNB Binance Coin predictions 64% 71 $301.61 -1.74% 0.09% $49 245 541 999 BNB 7 days price change
6 XRP (XRP) XRP XRP predictions 65.2% 70 $0.430207 -2.88% -13.13% $20 797 523 991 XRP 7 days price change
7 Cardano (ADA) ADA Cardano predictions 68.4% 68 $0.564719 -5.93% -8.41% $19 053 066 566 ADA 7 days price change
8 Solana (SOL) SOL Solana predictions 64% 80 $54.87 -3.76% -14.19% $18 504 202 384 SOL 7 days price change
9 Binance USD (BUSD) BUSD Binance USD predictions 90.8% 1 $1.001802 0.01% 0.14% $18 030 500 141 BUSD 7 days price change
10 Dogecoin (DOGE) DOGE Dogecoin predictions 61.6% 75 $0.089226 -2.37% -15.15% $11 837 628 956 DOGE 7 days price change
11 Polkadot (DOT) DOT Polkadot predictions 60.4% 77 $10.85 -5.25% -0.79% $10 719 658 670 DOT 7 days price change
12 Avalanche (AVAX) AVAX Avalanche predictions 64% 79 $33.45 -4.80% -20.93% $9 001 419 724 AVAX 7 days price change
13 Wrapped Bitcoin (WBTC) WBTC Wrapped Bitcoin predictions 63.6% 75 $30 106.86 -3.05% -1.48% $8 550 465 811 WBTC 7 days price change
14 TRON (TRX) TRX TRON predictions 68.4% 61 $0.069877 -1.90% -8.63% $6 831 881 782 TRX 7 days price change
15 SHIBA INU (SHIB) SHIB SHIBA INU predictions 64% 78 $0.000012 -3.50% -14.12% $6 733 612 508 SHIB 7 days price change

Be the first to receive Cryptocurrency Price Predictions and Forecasts daily

Get cryptocurrency price predictions, forecasts with analysis and news right to your inbox.

© 2015-2022 Crypto-Rating.com

The usage of this website constitutes acceptance of the following legal information. Any contracts of financial instruments offered to conclude bear high risks and may result in the full loss of the deposited funds. Prior to making transactions one should get acquainted with the risks to which they relate. All the information featured on the website, including information about the cryptocurrencies and bitcoin is intended solely for informational purposes, is not a means of advertising them, and doesn't imply direct instructions for investing. Crypto Rating shall not be liable for any loss, including unlimited loss of funds, which may arise directly or indirectly from the usage of this information. The editorial staff of the website does not bear any responsibility whatsoever for the content of the comments or reviews made by the site users about cryptocurrencies. The entire responsibility for the contents rests with the authors. Reprint of the materials is available only with the permission of the editorial staff.