The last few months have not been very good for Digibyte (DGB). It has been going downhill for quite some time, even as Bitcoin and some higher ranked altcoins went up. However, the tide is now turning in Digibyte (DGB)’s favor.
In the last 24-hours, Digibyte (DGB) has been on a positive trajectory, and is up by over 17%. This has pushed it back into the top 50, and could possibly be the beginning of something big for DGB going forward. That’s because, going by its fundamentals, Digibyte (DGB) is one of the best cryptos in the market and one of the most undervalued.
For starters, Digibyte is easily one of the most decentralized cryptos in the market. This is a big deal because, it is the whole essence of crypto. When a crypto is not decentralized, then it has no difference from centralized system. In fact, centralized cryptos are worse because they operate in an unregulated environment, and they are not very efficient. In essence, Digibyte being one of the most decentralized, also makes it one of the most valuable.
Adherence to the core values of decentralization makes it highly secure, and this will play a huge role to its adoption in the future. Besides, Digibyte (DGB) has taken steps towards ensuring that it remains decentralized, by ensuring that ASIC miners can never build miners that are specific for Digibyte (DGB). It has done this through Odocrypt, and it’s a big deal in terms of value. That’s because, it guarantees that Digibyte remains, and will continue to be one of the hardest cryptos to pull a 51% attack on. Given the catastrophic effects that a 51% has on cryptos, Digibyte is clearly massively undervalued.
Aside from being one of the most secure, Digibyte (DGB) also happens to be one of the most efficient. Most cryptos have a huge problem with scalability. Most can’t scale, and many of those that can scale lean more towards centralization. Digibyte (DGB) is one of the few that can scale quite well, and in a decentralized environment.
Digibyte (DGB) is designed to scale on-chain and by the year 2035, it will possibly handle the same transaction numbers as Visa. This is powerful, and makes Digibyte (DGB) one of the most successful cryptos in existence, and by extension, one of the most undervalued. That’s because, once decentralization takes root in society, Digibyte (DGB)’s use case in payments will be huge due to its security and decentralized nature.
It is also notable that Digibyte’s core features are already gaining adoption. For instance, the adoption of DigiID, one of Digibyte’s core features is on the rise. Over time, it could end up as a replacement to the traditional email and login password and even centralized 2-FA that is commonly used today. With all these factors at play, it’s not hard to see why Digibyte (DGB)’s bullish momentum is something worth noting. It could be the beginning of something huge.