In this guide, we will voice our own and market’s opinion on DGB future while discussing Digibyte price forecast for 2022 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.
What you'll learn 👉
DigiByte Intro
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 full-fledged bear market. Bitcoin has slumped 50% from its all time high amid the broader market drops impacted by raging inflation and US Fed rate increases. 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 2022, especially in the second part of the year. This is reflected in our 2022 predictions. Right now, Bitcoin needs to find a local 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 distanced 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:
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DigiByte Price Prediction 2022
La mayoría de los expertos están de acuerdo en que este mercado bajista durará al menos el primer trimestre de 2022 antes de que veamos cierta estabilización y pequeños cambios de tendencia. El modelo de predicción de CaptainAltcoin tiene en cuenta el sentimiento del mercado y reacciona en consecuencia. A continuación se muestra un desglose mes a mes de 2022:
DigiByte Price Prediction 2025 – 2030 – 2040
Our prediction model sees DGB reaching $ 0.0276 in 2025.
What will DGB be worth in 5 years?
The price of DGB in 5 years could lie around $ 0.0292, according to CaptainAltcoin’s prediction model.
What DigiByte will be worth in 2030?
Our forecasting model sees DigiByte reaching $0.0689 in 2030.
What DigiByte will be worth in 2040?
Our forecasting model sees DigiByte reaching $0.1378 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 $0.0083. In the long-term (8-10 years), it could jump to $0.0689 or even higher.
How high will DigiByte go?
Our forecasting model sees DigiByte price exploding and reaching $0.1378 in a distant future.
What is the short-term prediction for DigiByte?
DigiByte will reach $0.0083 in the next 90 days, which is a 37.6% change over the current price which hovers around $0.0132.
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 $0.0137 tomorrow.
DigiByte Future Outlook
Why will DGB succeed?
Bitcoin supports 7 transactions per second with 10 minutes of block time. Bitcoin Cash supports 34TPS and 10 minutes block, Western Union supports 30, Litecoin supports 56tps with a 2.5min block time, and Paypal supports 130TPS.
Digibyte currently supports 560TPS and only 15 seconds of block time, and 2000TPS by 2020 and exponentially growing 280,000TPS in the near future.
DigiByte is the fastest, longest, most secure and most distributed UTXO blockchain in the world. DigiByte is not just a method of storing and exchanging value, but has the scalability to handle so much more, such as notarizing documents into the blockchain, identity validation, or even having tokens built on top of it without having to worry about a cat-game slowing it down when it reaches peak enthusiasm.
Why will DigiByte fail?
When it comes to money and value exchange, it really is not all about the technology as people are erratic and chose to use a thing that is not the best or most efficient. People are lead by emotions and rigid, analytical coders are foreigners with that side of human nature and rely too much on their “superior” technology to bring them to the promised land. DGB exemplifies how you need other profiles of people that can paint the picture of that technology in much warmer colors so customers can see the value and start using it.
Well, one DGB holder put forward an analysis as to why he thinks DGB lacks recognition and adoption. The gist of it is the lack of business-like handling of the project – it is run more like a hobby according to him.
The analysis is pretty long and is a combination of praise and critique towards the project leadership. After praising the culture of DGB communities, he laments about lack of accountability and seriousness in running the project.
DGB is functioning well enough behind the scenes; it’s a functional product but it lacks any kind of adoption and the outlook for the future is grim.
Since Lightning Network is picking up the pace and grows substantially every month, DGB and other payment coins are in a serious existential jeopardy as LN could render them all obsolete.
Can DigiByte reach $1, $10 or $100?
Everything is in realm of possibility, but probability levels vary. Considering Digibyte’s pretty high yearly inflation of 11.65% and massive total supply of 21 billion tokens, reaching $1 is going to take a jaw-dropping and unprecedented price surge which borders with the wildest fantasies.
DGB would need to grow almost 77x from the current price level. It would either need to completely obliterate bitcoin and take its aspiring role of reserve global currency or it would need to grow apace with bitcoin. In that case, bitcoin would need to be at $392k per coin.
Reaching $10 or even $100 is completely out of the domain of reality and if you know someone claiming DGB will get to those heights, make sure the claimant gets a good psychiatric treatment.
Is DigiByte dead?
No, judging by the team activity on social media, github, their own website. Their communities on Reddit and Telegram are also active, although much lower engagement levels are noticeable when compared to 2017. Coin is also still listed on most of major exchanges which indicates that DGB is far from a dead project.
Conclusion
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
