After months of massive drops in value, there is some light at the end of the tunnel for DGB. Yesterday Travela.com announced that they would start accepting Digibyte (DGB), as a form of payment. This means that Digibyte (DGB) is now accepted at over 550,000 hotels all the world. This is a big deal because it gives Digibyte (DGB) a foothold in the tourism industry. If just 1% of this company’s clientele were to pay with Digibyte (DGB), it would have a huge impact on the overall volume of Digibyte (DGB). On top of that, if demand picks ups, other tours and travel companies would possibly adopt it too, as a way to drive up customer demand. Already Travela could have gained a boost in potential clients just by accepting Digibyte, as can be seen by the feedbackthat the company has received, from the Digibyte (DGB) community on twitter.
This move by Travela is an indicator that Digibyte’s capabilities as a currency are rock solid, and is a sign of good things to come. It’s an indicator that corporations are slowly beginning to appreciate the value of Digibyte (DGB).
For Digibyte (DGB) investors, this is a plus, because it shows that all of DGB’s use cases are equally strong. That’s because payments is not Digibyte’s core use case. Its core use case is in cybersecurity, and in this market, it is unrivaled in terms of technical capabilities. Its strength comes from the fact that Digibyte (DGB) is secured by 5 mining algorithms, which makes it technically unbreakable. On top of that, it is free.
This makes it highly competitive when compared to other blockchains, as well as centralized systems in terms security capabilities. With the increased complexity of cybersecurity threats all across the world, Digibyte (DGB) is well positioned for growth, especially as existing systems continue to fail. When the security systems of companies like Facebook start getting compromised, as was the case a few months ago, it is a sign that centralized security systems are no longer viable. A shift towards decentralized security systems would place Digibyte in a good position for adoption, and potential market dominance.
From a price perspective, Digibyte (DGB) is placed in a good position for long-term growth. That’s because the levels of adoption of DGB in 2018 are way higher than they were at any other point in Digibyte’s existence. This means at its current valuation when it is trading at under a cent, it is highly undervalued. The current price collapse has very little to do with Digibyte’s core fundamentals, but rather with market sentiment.
It’s the same for all other cryptocurrencies. The moment this sentiment changes and turns bullish, Digibyte (DGB) will be among the biggest gainers. That’s because, of the major cryptos, it is one of those that have lost the most value. This makes it extremely undervalued at current prices, with massive upswing potential, when its fundamentals are put into consideration. The potential for DGB to outpace its all-time highs is quite high.