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DigiByte Price Analysis: Will DGB Price Subside The Bear Momentum?

 

 

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DigiByte Price Analysis: Will DGB Price Subside The Bear Momentum?

  • DigiByte price is continually pressurized by the bears as seen from the monthly chart

DigiByte (DGB) is one of the emerging coins in the blockchain platform known for its unique technology of cybersecurity for digital transactions. The bear sentiment in the crypto market has managed to push the prices of most altcoins in the lower range. The bears are expected to continue their outburst at least in the short-term with chances of the prices going down further. The monthly chart for DGB indicates that the bears have been putting pressure on its price for the most part of the month with the price moving in the range of $0.0093 – $0.013.

Latest Statistics of DigiByte:

As on August 14, 2019, at 4:46:45 UTC, the current market statistics of the coin are as below:

  • Current market price of DGB is $0.00947
  • The coin is currently ranked at 55th position in the crypto market.
  • Current market cap is around $115,228,817
  • 24 h volume is at $1,216,323
  • ROI is at a good 537.30 %
  • Circulating supply is at a healthy 12,144,463,224 DGB

DGB to USD Price Comparison:

DigiByte Price Prediction
DigiByte Price Chart by TradingView

DGB was performing well during mid-July, but then the bears took over the price, as visible from the monthly chart. From a great trading price of $0.0121 on July 16, the price had fallen to $0.0100 on July 17 to the extent of 17.21%. However, in a matter of 3d 11h on July 20, the price shot up to $0.0126 to the tune of 24.66%. The bears took over the price in 3d 3h 30m on July 24, and the price fell to $0.0101 to the extent of 19.22%. In a matter of 1d 7h 30m on July 25, the price showed stability and moved to $0.0120 to the extent of 17.88%. The bears had made their presence stronger by now in the market, and the prices were continually sliding and reached $0.0095 on Aug 02 in 8d 9h to the tune of 20.54%. On Aug 06 within a time span of 3d 22h 30m, the price of DGB got some push with the same rising to $0.0119, to the extent of 25.28%. With the bears putting pressure on the prices, DGB price again slid to $0.0093 on Aug 13 in 7d 5h 30m, the downward movement being to the extent of 21.52%. Today the price is at $0.00947, which is higher by 2.15%.

DigiByte has a bright future and one of the few mature coins on the blockchain network, but for now, the price has been hammered by the bears. Analysts still have high hopes on the coin and expect the medium-term to be bullish for the coin.

Conclusion:

Existing investors should think of a long-term investment plan which may yield great returns. Short-term and intraday investors should trade cautiously.

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