It’s getting boring in the crypto market. Even search engine interest in crypto has reduced significantly in 2019. That’s because the price barely moves. However, this boring period is an amazing time to accumulate on Digibyte (DGB) and other good cryptos. It is an indicator that the market is in an accumulation phase, which is always the best phase to invest in any assets. That’s becauese, you get a good average entry price, in anticipation for a new Bull Run. It’s much more efficient than trying to buy in a falling market, which is usually referred to as catching a falling knife.
The risk with catching a falling knife is that you miss out on better opportunties while investing in the hope that price will rebound. For instance, someone who held on to fiat all through 2018 and is buying Bitcoin (BTC) now, will have more than someone who was buying all the way down. That’s why for fundamentally strong altcoins like Digibyte (DGB), this is a good opportunity to accumulate in anticipation of the next Bull Run.
Then there is the fact that Bitcoin (BTC) could be primed for another uptrend. For some time now, Bitcoin (BTC) has been bouncing off a key support level at $3200 on the weekly charts, and selling volumes seem to have plateued at this level. This could be an indicator that after more than 12 months of a sustained bear market, the bottom is in, or its very close.
This means that Bitcoin (BTC)’s next major move will possibly be upwards. This possibility is reinforced by the increased bearish voices calling even lower prices, such as under $2k Bitcoin (BTC). In case this is the bottom and Bitcoin (BTC) is up for a major run up, strong altcoins like Digibyte (BTC) could see their values rise significantly in the next Bull Run. The last Bitcoin (BTC) Bull Run saw Digibyte (DGB) rise by a huge margin. This time round, it could gain even more since it is more easily accessible on exchanges, which could significantly drive up volumes in the next Bull Run.
Digibyte is also supported by the fact that it has some major use cases in the market. For instance, some of its key features such as DigiID are already being used by major companies. The adoption of DigiID by AntumID was a major confidence boost in the capabilities of Digibyte (DGB). It opens up Digibyte (DGB) for adoption in other areas including in industries as diverse as banking to ordinary websites. This could see its value grow significantly in the next Bull Run.
It’s definitely a good reason to be bullish on Digibyte (DGB) both in the short-term and in the long-run. The possibility of it hitting a dollar or even more are quite high. This may sound far-fetched, but it was the same case prior to 2017. No one would have imagined that Digibyte (DGB) could reach the highs it hit in 2017, and the same scenario is likely to play out in the next Bull Run.