In this guide, we will voice our own and market’s opinion on DGB future while discussing Digibyte price forecast for 2023 and beyond.
Please bear in mind that you should take this and any other prediction with a grain of salt since predicting anything is a thankless task, let alone predicting the future of a novel, highly volatile financial asset like DGB.
Now, let’s head into it.
Before we delve deep into the Digibyte price prediction and answer questions if Digibyte is a good investment or not, why will DGB succeed or fail or why will DGB price rise or drop, let’s quickly throw a glance at what is Digibyte and its to date history.
If you are not too much into cryptocurrencies, you probably didn’t heard about the second tier coins like DigiByte. And that is precisely the reason why DGB, despite their feature-richness and superior tech, will have a hard time surviving the 2020.
DigiByte is widely considered as one of the safest cryptocurrencies out there, in part due to several pieces 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. Seemingly focused on the networking aspect at the time, DigiByte keeps moving along the path of achieving wider adoption in the world of crypto.
However, lack of presence on the biggest exchanges like Coinbase and Binance feeds into an already weak brand recognition which is one of the major factors for the development of the trust in a payment currency. Technology alone won’t get you there – people need to develop a shared belief that a currency is able to preserve their value for the future. Digibyte is far from that status right now.
Captainaltcoin’s DGB Price Prediction 2021
The whole crypto world is on a verge of a complete breakdown. Bitcoin has fallen 75% from its all-time high amid broader market declines caused by raging inflation and US Fed rate hikes. When add the most recent melt-downs of huge industry players (FTX, Celsius, Luna etc) into the equation, the horizont is murky and there will be more blood on the streets of the crypto town. Investors are selling risky assets and moving into more stable markets. Crypto is still perceived as a very risky play and hence the sell off. Our algo still sees a some green in 2023, especially in the second part of the year. This is reflected in our 2023 predictions. Right now, Bitcoin needs to find a bottom before we can move in the opposite direction and reverse the trend. Once Bitcoin settles in the new price range, altcoins will start to do the same - we have witnessed this scenario dozens of times in the distant and more recent history. Our price prediction model is bearish for the next 90 days with a hint of a bull market at the turn of the quarters from Q1 to Q2. We expect whales and other bigger players in the market to finish filling their bags around that time which will cause a typical and sudden crypto spike. CaptainAltcoin team created a price prediction model with a multi-faceted approach to crypto that takes into account both technical analysis and fundamental assessment of each project. Fundamentals that we evaluate are team, tokenomics, use case, community, marketing efforts, liquidity and exchange availability, hype & speculative potential and some other proprietary factors developed in our crypto lab.
Below is a tabular overview of how will DGB develop in the short-term (for the next 90 days), according to our prediction model:
DigiByte Price Prediction 2023
High inflation and extremely unsafe macro situation reflected heavily on Bitcoin price in 2022. When we take the internal crypto troubles with big players like FTX, Celsius, Voyager, Luna going down, 2023 is not looking too good for the bulls. We will probably see a lot of boring sideways price action with a tendency to slip lower with each minor market tremor.
CaptainAltcoin’s prediction model takes market sentiment into an account and reacts accordingly. Below is a month-by-month breakdown of the last months of 2022 and 2023:
DigiByte Price Prediction 2025 – 2030 – 2040
Our prediction model sees DGB reaching $ 0.0161 in 2025.
What will DGB be worth in 5 years?
The price of DGB in 5 years could lie around $ 0.0195, according to CaptainAltcoin’s prediction model.
What DigiByte will be worth in 2030?
Our forecasting model sees DigiByte reaching $0.0403 in 2030.
What DigiByte will be worth in 2040?
Our forecasting model sees DigiByte reaching $0.0805 in 2040.
Will DigiByte replace / surpass / overtake Bitcoin?
No, DigiByte will not replace or overtake BTC.
Can DigiByte reach $0.10?
Yes, DigiByte can reach $0.10 by the end of 2025.
Can DigiByte reach $1?
No, our prediction model sees no possibility for DigiByte to reach $1 in the short or mid-term period.
Can DigiByte reach $10?
No, our prediction model sees no possibility for DigiByte to reach $10 in the short or mid-term period.
Can DigiByte reach $100?
No, our prediction model sees no possibility for DigiByte to reach $100 in the short or mid-term period.
Can DigiByte reach $1000?
No, our prediction model sees no possibility for DigiByte to reach $1000 in the short or mid-term period.
Is DigiByte worth buying?
We are advocates of moderately risky investing – invest most of your crypto portfolio in BTC (50%); 35% in a basket of big cap coins and the rest in small projects with huge upside. So, in this context, DigiByte is worth buying.
Is DigiByte a good investment?
DigiByte is, just like all other cryptocurrencies, a risky investment. It does have higher probability of going up than down because of the good use case, well-designed tokenomics, active community and a solid team behind it.
How much will DigiByte be worth?
For the short-term future, it could reach $0.0066. In the long-term (8-10 years), it could jump to $0.0403 or even higher.
How high will DigiByte go?
Our forecasting model sees DigiByte price exploding and reaching $0.0805 in a distant future.
What is the short-term prediction for DigiByte?
DigiByte will reach $0.0066 in the next 90 days, which is a 39.4% change over the current price which hovers around $0.0110.
Can DigiByte make you a millionaire?
Yes, if you buy large enough sum of it. Do not expect to invest $100 and become a DigiByte millionaire. But 100x price explosions are a common sight in crypto, so a $10k investment in DigiByte could make you a millionaire.
DigiByte Price Prediction Today - What will be the price of DigiByte tomorrow?
DigiByte will hover around $0.0110 tomorrow.
DigiByte Future Outlook
Why will DGB succeed?
Why will DigiByte fail?
Can DigiByte reach $1, $10 or $100?
Is DigiByte dead?
Digibyte should look at the 2020 as the crucial year for them to make a all-in push on all fronts, especially in achieving new partnerships, force more penetration in the merchants markets and generally work more on their marketing efforts. The best technology is not worth much if no one has heard about it.
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CaptainAltcoin's writers and guest post authors may or may not have a vested interest in any of the mentioned projects and businesses. None of the content on CaptainAltcoin is investment advice nor is it a replacement for advice from a certified financial planner. The views expressed in this article are those of the author and do not necessarily reflect the official policy or position of CaptainAltcoin.com