DigiByte (DGB) Price Analysis: Will DGB Continue This Favorable Price Trend?

• DigiByte is showing slow and steady recovery in price in the upward range over the past week

DigiByte (DGB) is a decentralized cryptocurrency on the blockchain platform fast becoming the world’s longest, fastest and most secure UTXO blockchain. The coin has been under a lot of pressure from the bears since the month of July when the bear volatility had set in, in the crypto market. The prices have seemed to have settled a little and showing some stability in the upper range over the past week. The seven-day price chart hovers in the range of $0.0086 – $0.01.

Latest Statistics of DigiByte:

As on August 27, 2019, at 5:53:25 UTC, current statistics are as below:

• Current market price of DGB is $0.0092
• Current rank is 54
• Current market cap is around $106,699,912
• 24 h volume is at $2,402,080
• ROI is at a 487.73%
• Circulating supply is at a 12,193,950,107 DGB

DGB to USD Price Comparison:

The price seems to be showing some stability in the case of DGB over the past week. On Aug 21, the price of DGB was $0.0087. It went up to $0.01 on the same day within 10h 10m to the extent of 14.45%. On Aug 22 in 12h 5m, the price fell to $0.0086 to the tune of 13.69%, but within 14h 15m on the same day, the price of DGB rallied to 15.72%. The rally was short lived as the price fell to $0.0092 on Aug 24 to the extent of 7.67%. Today the price is also at $0.0092 which shows a flattish variation in price of DGB.

DigiByte Price Prediction:

DGB is slowly coming out of the bearish mode, which it was in since the beginning of July. The past few days have brought some hope for the DGB community with the prices trying to consolidate their positions above the baseline. Experts feel the time is now right for DGB to surge ahead though the recovery would be a slow one but still a fruitful one and expect a year-end target price of around $0.02.

Conclusion:

Long term investors can keep holding on to their investments, which would give better returns in the long term. Short term and day traders can start resume their investments though with a cautious outlook.