If one needs to make research into the future of Digibyte token, it is important to switch from Reddit news to serious analytics. ChangeNOW has done the research for you.
What Is Digibyte
Many experts agree that the increase in the capitalization of the military-technical cooperation and LTC leads to increased exchange rate fluctuations and the risk of speculation. Digibyte is here to resolve the problems that LTC and BTC are facing.
This paves the way for new assets that offer users more favorable conditions, including low fees, discounts, advanced functionality, the ability to implement their own projects on blockchain platforms.
The issue of DGB coins will be limited to $ 21 billion, which will reduce volatility, and linking to traditional money (dollars, euros, and yuan) will make it possible to exclude speculation, focusing on the use of a new asset for payment transactions.
For mining bitcoin, powerful processors and video cards were used at first. A little later they passed to the equipment created specifically for the extraction of cryptocurrencies (ASIC miners). The creators of Digibyte coin propose using Scrypt for this purpose — an effective algorithm that allows optimizing the process of generating new blocks.
As this technology enjoys well-deserved popularity among users and is highly appreciated by experts, DGB developers decided not to reinvent the bicycle, but to create favorable conditions for maximum use of ASICs. The mining scheme is similar to that already used by other projects but is more economically efficient.
What Does DigiByte Value Depend On
- High-speed payments. In this indicator, the new cryptocurrency significantly exceeds both the BTC and LTC.
- Maximum adaptation for use as a payment instrument. The developers believe that the issue of 21 billion tokens should increase the usability of DGB coins to pay for specific goods and services and exclude exchange speculation. If in the future the rate is about $ 5 (which is hundreds of times lower than the PTS rate), it will be much more convenient for users, which means it will help stabilize the value of DGB.
- Serious research work. Work on the project is carried out slowly, all updates are made taking into account the opinions and wishes of users. For network members helping to improve technology, a system of discounts and bonuses is provided.
- Project openness. The launch of the site was announced in three days. All the innovations declared in it began to work immediately, and not step out of the shadows gradually, as is usual with other startups. Due to the availability of detailed information about the project, distributed in advance, the miners were able to start working immediately after the network was launched.
Digibyte Future Price Prediction
Let us analyze the Digibyte price charts made by the leading forecast sites. Before going in for Digibyte price prediction take into consideration that the current Digibyte price is about $0.007093.
By the end of 2019, the price of one DGB token will be $0.01169685. Digibyte price prediction 2020: the rate will be pretty much the same. 1 DGB will rise up to $0.01375725. By 2025, the price will reach $0.02919818.
DGB coin must go down to $0.000897 in one year. Digibyte price prediction 2022: the price may rise to $ 0.330. DGB price prediction 2025: it is going to be up to $4.
The most moderate prediction that the price of DGB will be $0.0073197 by the end of December 2019. Next year, the Digibyte rate will slightly increase up to $0.0077373. In 2022, the price will reach $0.0080242.
Where To Buy Digibyte
The first way to become the owner of Digibyte coins is to get them using an ASIC miner. It takes about one minute to create a new block on the network, which is a very high indicator. The disadvantage of this method is the cost of equipment, which still remains very high.
The second way is to buy coins on the cryptocurrency exchange. The best way for beginners is to exchange them for other digital or fiat currency units at one of the online exchange services. It is more profitable for professionals to use the exchanges. There you can place an order, wait for its execution and get the necessary amount. It will not be so fast, but more profitable.
*This price prediction is based on the data collected from various sources. The information presented in this article should not be considered as any sort of investing advice and the reader should do their own research before taking any actions.
Originally published at https://changenow.io on February 2, 2020.