It has been a tough year for crypto investors. However, there is one crypto that seems to have taken a significantly bigger hit, even though its fundamentals remain intact. That coin is none other than Digibyte (DGB). Digibyte (DGB) has over the last few weeks dropped below a cent and most investors, even the most hardcore ones, are now feeling the heat. It is a true test of faith for any investor.
Anyone who doesn’t believe in the tech, and was in it for quick riches, has most likely exited the market at this point. That’s because, once it broke below a cent, there is no clear support in sight. It could possibly go much lower. Such a risk is elevated by the fact that Bitcoin (BTC) is weak too, and could test new lows if nothing bighappens in the short-term.
While this looks like a doom and gloom situation for Digibyte (DGB), anyone who believes in the tech and hangs in there long enough will be rewarded. That’s because Digibyte has solid fundamentals, and if history is anything to go by, fundamentally strong assets always perform well in the long-run. There are a number of examples that prove this assertion. Back in the 1990s, Amazon was just another internet startup and was as volatile as all the other internet companies at the time.
In spite of this, there are people who could see through the volatility and understood its value. Those investors are extremely wealthy today. That’s because Amazon is now one of the most powerful companies in the world. So powerful that sometimes it falls short of being termed a Monopoly. The same goes for Apple, another trillion dollar company that was struggling to stay afloat in the early 1990s. Anyone who saw the strength in its value proposition is extremely wealthy today. That’s because, Apple has over the years emerged as one of the biggest tech companies inthe world.
Digibyte has what it takes to follow a similar path. One thing that makes Digibyte a fundamentally sound crypto is that it could be on the right side of history. The world today is trying to define its future, a future which will either be centralized or decentralized. Centralization has been the prevailing modus operandi of the internet age, but it has failed.
It has failed due to security vulnerabilities, and most importantly, due to the invasion of personal privacy by large internet companies. People are increasingly demanding more control over their personal data, and this cannot work in a centralized environment. A centralized internet has become so invasive that even the father of the web, Tim-Berners-Lee, is building a decentralized version of it. If decentralization is the future, then truly decentralized blockchain projects like Digibyte (DGB) will be the future. Digibyte is one of the few cryptos that can confidently lay claim to decentralization.
As the idea of decentralization takes root, the other capabilities of Digibyte such as cybersecurity will thrive as well. However, like the internet in its early days, it will take time before the masses understand what decentralization is, and why it is important.
As such, in the short-term Digibyte could easily be passed off as a dead project, at least in terms of price. But once the market is ready for a truly decentralized internet, this project will take many by surprise, just like Amazon did. Web 3.0 is decentralized, and only decentralized projects that can capture this vision and implement it will thrive. A $10 Digibyte in a decade would not be surprising, for those who can grasp how advanced of aproject Digibyte is, relative to the rest of the market.