The price of Digibyte (DGB) is not very inspiring at the moment. In fact, it could easily be passed off as a dead project. But then, the same can be said of virtually any other crypto project at this point. Optimism in crypto is at its lowest point in a long time.
Proof to this is Tether’s rise in rankings to 4th position. At this rate, it could easily rise to 2nd and possibly first. This means that investors now perceive all cryptos as risky. In such an environment, the best bet would be to bet on the tech, not so much on the price. By looking at the tech, one easily notices that Digibyte (DGB) is one of the best blockchain projects in the market.
For starters, Digibyte is fully decentralized, an aspect that many cryptocurrencies lack. Decentralization may seem like a cliché term, but it is actually a powerful attribute for Digibyte (DGB). That’s because, it makes it secure, and safe from any attacks that may threaten its very existence. Its decentralized nature also means that Digibyte (DGB) has the staying power to ride through the bear market.
If this bearish sentiment continues for another year, lots of centralized projects will probably run out of finances and possibly close shop. But for decentralized projects like Digibyte (DGB), this will never happen. This is a powerful reason to be bullish on Digibyte (DGB) in the long-run. It may not be performing well now, but you are sure that no matter how long the bear lasts, it is not about to fall off the map for funding issues.
Then there is the aspect of problems that Digibyte (DGB) is looking to solve. While Digibyte (DGB) is good as a currency, this is not its primary use case, and that’s a good thing. It’s a good thing because, this could be the hardest market for cryptos, and the reason why many of them could fail. The reason why cryptocurrencies are yet to gain any major adoption as currencies is due to their volatility.
No merchant wants to use a currency that can lose 10% of its value in a few hours. It’s an unnecessary risk to their businesses. That’s why cryptos that have other strengths are a safer bet in the long-run. Digibyte (DGB) happens to be one crypto with multiple strengths, besides payments. One of Digibyte’s core strengths is in the fast growing cybersecurity market.
Digibyte (DGB) is an unbreakable blockchain that is secured by 5 mining algorithms. This makes it critical for running applications that require top notch security. For instance, IoT systems will require high security once they go mainstream. Due to its almost unbreakable nature, Digibyte (DGB) could see a massive uptake in this market in the future. When this is combined with features like Digiassets for issuing assets on the Digibyte blockchain, it’s not hard to see that there is a huge potential for the Digibyte blockchain.