DigiByte (DGB) price forecast after current appreciation

DigiByte DGB/USD has advanced from $0.024 to $0.043 in less than twenty-four hours, and the current price stands at $0.035.

There are already many projects on DigiByte blockchain, and it has united forces of an incredibly vibrant community.

DigiByte is a community driven project

DigiByte is an innovative blockchain that can be used for decentralized applications, digital assets, smart contracts, and secure authentication.

This open-source blockchain was created in late 2013, and it has become one of the fastest, safest, and most decentralized UTXO blockchains in existence.

DigiByte uses cryptographic algorithms to prevent malicious mining, and its blocks occur every fifteen seconds, which is 40X faster than Bitcoin and 10X faster than Litecoin.

Any computer, server, tablet, or mobile phone connected to the DigiByte network becomes a node that helps relay transactions, and thousands of people are already using DigiByte.

All types of digital assets can be created with the DigiAssets protocol, while decentralized applications can be built on top of the DigiByte blockchain. The team of DigiByte added:

DigiAssets can be used to securely represent anything we find in the physical world, from tangible assets such as real estate or cars, through to scarce digital pieces of art. Signed documents such as deeds and medical bills can be protected.

DigiByte is a volunteer-based community-driven project, and it is important to say that DigiByte has not been founded through ICO.

This open-source blockchain can scale to meet the needs of a growing ecosystem in the best possible way, and it already has clients from real estate, finance, remittance, identity, point of sale, racing, trade, healthcare, supply chain, government, and more.

DGB is a cryptocurrency that powers DigiByte, and it enables industry-leading transaction speeds with negligible fees. Users can send and receive DGB by mobile phone or computer, and all they need is to install a DigiByte supported wallet.

DGB is also a great solution for making digital payments, and all exchanges and services that support DGB can be found on the DigiByte Wiki.

$0.050 represents important resistance

DigiByte (DGB) was one of the best performers on the cryptocurrency market this Sunday, and the price of this cryptocurrency has advanced above $0.040.

Data source: tradingview.com

DGB is currently trading below its recent highs, but if the price jumps above $0.050 resistance, it would be a signal to trade DGB.

The next price target could be around $0.060 or even above; still, if the price falls below $0.030 support, it would be a strong “sell” signal.

Summary

DigiByte is an innovative blockchain that can be used for decentralized applications, digital assets, smart contracts, and secure authentication. DigiByte (DGB) was one of the best performers on the cryptocurrency market this Sunday, and according to technical analysis, bulls control the price action for now.

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