Yesterday, Kucoin announced that Digibyte (DGB) was one of the coins that would be promoted to the Kucoin plus Trading area. The promotion is an indicator that Digibyte (DGB) is getting more recognized by investors in the market. That’s because Kucoin has a very strict criteria for promoting coins as can be seen below.
To be upgraded, projects must meet criteria number 3 listed below. This criterion is in regards to the initial rating score for the project, as well as our continuous checks. Projects must also meet at least one more of the criteria listed below. The rules required to be promoted to the KuCoin Plus Trading Area are:
- Tokens must be ranked in the top 30 on coinmarketcap.com.
- Token’s volume performance will be tested within the market. Tokens with well-performing trading volume are eligible. The project needs to rank in the top 10% for trading volume out of all projects listed on KuCoin for two months consecutively. (Once implemented, KuCoin will go back and check all eligible token’s trading volume history before the launch of The KuCoin Plus Trading Area.)
- Tokens will be regularly rated, after the initial rating. Only tokens with high ratings from KuCoin’s review system are eligible.
From the above criteria, it is clear that Digibyte (DGB) is a strong project, one that consistently receives high ratings on the Kucoin platform. The impact of this is that Digibyte (DGB) will gain more recognition from traders on Kucoin, and drive up its volumes.
This will be aided by the fact that, Kucoin explicitly states that coins listed on the Kucoin plus trading area are less risky than the rest. That’s a major marketing boost for Digibyte (DGB) investors. It adds to the marketing efforts of the Digibyte (DGB) awareness team, which has been quite proactive in pushing for the adoption of Digibyte (DGB), not just by exchanges but by merchants as well.
While these efforts may not have created any significant boost to the value of Digibyte (DGB), the level of awareness is definitely higher than in the past. Digibyte’s core attributes are now being applied in the real world. For instance, in the field of cybersecurity, established platforms like Antum ID are already using Digibyte (DGB). Digibyte is also being used for everyday transactions in Venezuela, a country that is under financial duress. This means that once bullish momentum returns to the markets, Digibyte’s value will most likely surge.
Current market conditions are really nothing to do with Digibyte (DGB). It is the result of a market that has been bearish for close to a year now. After people got burnt from buying at the top in 2017, many are wary of getting back to the markets in haste. However, with institutional money taking an interest in crypto, that momentum will surely return. With a fast-growing use case, the value of Digibyte (DGB) will be among those that rise the fastest in a bull market. The fundamentals are right for Digibyte (DGB) to make a significant upside push in the long-run.