Marketing Overhaul Begins Feb 1: https://www.reddit.com/r/Digibyte/commen...
With over 100,000 full nodes (compared to BTC's 11,000), Digibyte is highly decentralized. Digibyte uses five separate mining algorithms to ensure mining decentralization. It’s also one of the oldest blockchain projects out there (2013), with early SegWit implementation. It offers super fast transactions.
For those who know da woo, Clif High’s web bots have found hints of a “minor mania” for Digibyte in the summer of 2018. Considering the man’s accuracy up until now, I’m more than happy accumulating DGB at these current levels. Now’s a killer time to be shopping.
Official website: https://www.digibyte.io
DGB has respected a global Fibonacci range ever since the enormous run-up in the summer of last year. I would argue that it is now in a good range to begin some kind of movement, but first let’s establish some congestion zones and look at the .
The is lining up almost perfectly with this Fibonacci range.
The Higher lows in price and lower lows on the indicate hidden , while declining and a symmetrical triangle forming with the 50 and the 200 MA are creating a solid base for a sort of . It could be a and will need more time to consolidate. The has flipped just as there was a golden cross of the MA’s a week or so ago. Here I see a pattern similar to some other reputable projects out there — en edge-to-edge cloud break, followed by a retracement to the top of the cloud, and then the establishment of a new price floor. Bulls would be careful, however, as it is beginning to look like a pattern. Now all of this may be difficult to see at once (unless you’re as bugged out as I am), but I also see what could be a forming in the . included to show how tight the price is getting.
Here’s the triangle using the 200 MA as the base. Long term I see a lot of upside for DGB , though it may end up consolidating for many months so I’m not so interested in it for swing trading. Below are your levels indicated by blue horizontal lines.
These targets are primarily based on the , the global Fibonacci range, and previous congestion zones discovered around those areas.
Entry: 0.00000355 - 479
Target 1: 0.00001074
Target 2: 0.00001383
I've laid out some key price levels to watch out for, one being right around the corner. The alts are following BTC, so don't be afraid to move into fiat if BTC begins to look heavily overbought on multiple time frames.
And of course it depends what condition of BTC will be by the end of year as for that moment it is connected by many correlations.
Here you have my view against USD.
It is the longest UXTO chain and essentially an improved faster more secure and decentralized BTC, it is more secure due to its 5 mining algorithms and about 50 times faster in transactions and confirmations.
DGB is segwit activated and supports lightning network just like VTC only DGB is faster more secure and decentralized then either BTC, LTC or VTC those have limited supply going for them and BTC has first movers advantage but in terms of technology I find DGB superior. The DGB supply is a 1000x larger then the BTC maximum supply, 21 million for BTC and 21 billion for DGB so for DGB to be worth atleast 1/1000 of a BTC in the longer term or about $8 with current BTC prices is not a stretch by any means.
LTC is centralized through the Scrypt ASIC mining algorithm so regular GPU miners can't mine Litecoin which makes it more centralized same as BTC and BCH, only larger ASIC mining farms can mine BTC, BCH and LTC = centralization.
DGB uses 3 GPU friendly algorithms and 2 ASIC algorithms so it is much more decentralized then LTC and cannot be held hostage by any one of those algorithm miners.
From personal experience in using and testing every major UXTO based crypto currency DGB is the most efficient and one of the traditional crypto-currencies that is ready for a much wider adoptation.
You are right DGB isn't used to its fullest potential yet because the majority of people is only now starting to catch up and look past first movers advantages to the actual technologies functionality and useability.
Steam dropped BTC support also because bitcoin is not usable as a currency and essentially crippled as a decentralized peer to peer transaction system with its long confirmation times, high fees and centralized SHA-256 ASIC miner algorithm. Lightning Network only partially solves these things because it will sacrifice the direct peer to peer cash system between users for a centralized middle man lightning channel system on top of the centralized ASIC mining algorithm.
DGB doesn't have this problem and doesn't even need LN for speed only for atomic cross chain swaps to swap DGB directly for BTC or LTC or VTC.
Just like VTC which supports LN, DGB being one of the first segwit activated cryptos cannot be denied either with its LN and cross chain atomic swap support plus its advantages of being the fastest most secure and with the lowest fees compared to those other UXTO based cryptos.
I view VTC and DGB as improved alternatives for BTC and LTC, and I use those two low key sleeping giants much more often in transactions because they are more efficient.