It’s true that DigixDAO was a great disappointment for investors in 2019. DGD price went down from $20.512 on January 1st 2019 to $17.430 on December 31 2019. However, it is worth monitoring our DigixDAO price prediction algorithm: DigixDAO might still have investment potential if not short term in 2020, then long-term. If you look for good return in 3 to 5 years, DGD might be the coin to watch closely now.
The current DigixDAO price is $31.25, its circulating supply is 2 000 000 DGD. Our algorithm predicts that based on historical data DigixDAO price will be at $34.88 in 1 week and $59.84 in 1 month. Our deep learning algorithm predicts the DGD price will be at $61.09 in 6 months. Analysis of the cryptocurrency market shows that DigixDAO price may reach $68.01 by 1st of January 2021 driven by the potential interest from large institutional investors and more regulation expected in the field of digital currencies. The system predicts that DGD will stay around $61.34 in 2020, $68.01 in 2021, $71.80 in 2022, $82.38 in 2023 and $91.62 in 2024.
While creating the DigixDAO prognosis our script has revealed strong fluctuations during the last 180 days. The highest possible predicted price in 180 day period is $61.09 and lowest possible predicted price is $46.10.
The current market dynamics creates the impression that investors' interest in cryptocurrency market has faded away, which may not be the case. Cryptocurrencies that truly deliver value will not vanish, they will continue to grow – and DigixDAO has the potential to stay within "survivors" team. Our DigixDAO short-term and long-term prediction charts will help you choose the right entry time and create a proper exit plan.
Keep a close look on our DigixDAO Price Prediction Forecast Tool to get daily, weekly, monthly and yearly DigixDAO forecast updated daily. You can also check other cryptocurrency price prediction here.
What is the current price of DigixDAO (DGD)?
The current price of DigixDAO is $31.25.
What is the current market capitalization of DigixDAO (DGD)?
The current market capitalization of DigixDAO is $62 503 843.
What will be the price of DigixDAO (DGD) Tomorrow?
Our algorithm forecasts that the price of DigixDAO will reach $33.59 tomorrow.
In 1 year from now what will 1 DigixDAO be worth?
As per the forecast and algorithmic analysis, the the price of 1 DigixDAO will be around $61.34.
Is it profitable to invest in DigixDAO (DGD)?
The investment period is the number 1 decisive factor here. Based on last year price data the system would put "With Caution" investment status for DigixDAO (DGD) as a short term investment. DigixDAO can get a "Profitable" investment status based on our prediction algorithm with long term investment horizon of 3 to 5 years.
Will DigixDAO be growing in the Future?
DigixDAO is potentially one of the most profitable among digital coins.
How high can the Price of DigixDAO go?
Our algorithm forecasts that the price of DigixDAO will reach $91.62 by 2023.
Is DigixDAO (DGD) flashing a "Buy" signal now?
Yes, our algorithm predicts it's the right time to buy DigixDAO now.
DigixDAO is not a bad cryptocurrency by all parameters. The fact that it had 47.5% of winning days speaks volumes about the strength of this coin. It wasn't amazingly profitable this year; in fact, it has showcased a small but negative 12-month ROI of -8.97%, which is fine, considering that it also had the volatility of 128.87% that is great for trading. Even though I am not fond of gold-backed tokens, I find DGX to be suitable for occasional trading.
DigixDAO has been lying flat for almost the entire duration of the month, until November 25, to be precise, when the coin decided to show some signs of life. This consolidation has been lingering for the entire fall, so I was more than excited to see it finally beginning to point upwards. DigixDao went from the support of $10 to the monthly high of $20 in three days or so. I have been waiting for these profits for so long, and now I have finally had them!
It should have already become evident to everyone that investors aren't that interested in dealing with cryptocurrencies backed by gold, or any other precious metal or stone for that matter. This looks to me like an effort to combine the ultra-modern sports car with some old wagon from Western movies. It just won't work, please realize that and stop putting projects like DigixDAO onto the market. Focus on putting some real intellectual value behind crypto, instead.
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