After close to two months of big losses, the crypto bear seems to have taken a back seat, at least for the moment. However, whether this pump lasts, or it is a short-lived one, it has provided a glimpse that a rebound back to 2017 prices will happen fast once sentiment changes. Clearly, the crypto bear is largely sentiment driven, and if that sentiment changes from bearish to bullish, volumes would rise fast, as hashappened in the last 24-hours.
This is especially true for Digibyte (DGB), which was beginning to look like a hopeless situation after it dropped below a cent and continued to slide lower. However, in yesterday’s pump, Digibyte (DGB) pushed back above a cent in less than 2-hours. Today, it is still up by over 10%, even though momentum seems to have eased up. The lesson for Digibyte (DGB) investors from this pump is that it makes sense to focus on the project’s core fundamentals. The direction the price takes in the short-term has no bearing on what Digibyte (DGB) can or cannot do or its potential for future growth. It’s just a measure of how much fear is in the market right now. Once that fear turns to greed, the market will shoot backup, and fast.
To further give context on the need to focus on the fundamentals is the fact that, in spite of the price drop, the number of companies accepting Digibyte (DGB) has shot up in the last12-months. As per the Digibyte Awareness Team website, Digibyte (DGB) is now accepted by 16 reputable organizations. That’s not counting the endless number of small websites that now accept Digibyte as a form of payment. Some of the companies listed on the DGBAT website include Travela.com, OGM digital among other fast-growing organizations. This growing rate of adoption is a good indicator that there is something fundamentally good in Digibyte when used as a currency, and this will play a major role in giving Digibyte exponential growth in a bull market.
Besides, Digibyte (DGB) other use cases have been rising too. For instance, in cybersecurity, Digibyte (DGB) has gained adoption by a number of companies that have clout in the cybersecurity market. Antum ID, for instance, is well-known, and the fact that it is using Digi-ID is a plus to the adoption of Digibyte, and a possible trigger to exponential growth.
With such strong use cases, all it will take is a change in sentiment, and Digibyte (DGB) will be on the way back to the top. In fact, if the gains from the last 24-hours sustain, Digibyte(DGB) would hit its all-time highs in less than a month, and clear out all the losses it has accumulated in the last 12-months. It even has a chance of hitting higher valuations, based on its high levels of adoption and awareness in 2018. Digibyte (DGB) FOMO could be huge in the next Bull Run, and HODLERs will be rewarded big.