In this guide, we will share our and the market’s view of DGB’s future as we discuss Digibyte’s price forecasts for 2023 and beyond.
Please keep in mind that you should take this and any other forecast with a grain of salt since predicting anything is a thankless task, let alone predicting the future of a new highly volatile financial asset like DGB.
Now, let’s get into it.
Before we delve into Digibyte’s price prediction and answer the questions of whether Digibyte is a good investment or not, why DGB will succeed or fail, or why the DGB price will rise or fall, let’s quickly take a look at what Digibyte is and its history to date.
Introduction to DigiByte
If you’re not too interested in cryptocurrencies, you probably haven’t heard of second-tier coins like DigiByte. And that’s exactly why DGB, despite their wealth of features and superior technology, will struggle to survive 2020.
DigiByte is widely regarded as one of the most secure cryptocurrencies out there, partly due to several pieces of cryptographic technology (such as the DigiShield or its 5 mining algorithms) that the project has developed and implemented. Its existence of 5 years makes it one of the oldest projects on the market, which has managed to expand to over 200,000 nodes throughout the time frame. Seemingly focused on the networking aspect at the moment, DigiByte continues to move along the path to achieving wider adoption in the crypto world.
However, the lack of presence on larger exchanges like Coinbase and Binance fuels an already weak brand recognition that is one of the main factors for developing trust in a payment currency. Technology alone won’t get you there: people need to develop a shared belief that a currency can preserve its value for the future. Digibyte is far from this state right now.
Captainaltcoin DGB Prediction 2021
The entire cryptocurrency world is on the verge of complete collapse. Bitcoin fell 75% from its all-time high amid broader market declines caused by furious inflation and the US Fed’s rate hikes.
When you add the most recent collapses of huge industry players (FTX, Celsius, Moon etc.) into the equation, the horizon is murky and there will be more blood on the streets of the crypto city.
Investors are selling risky assets and moving to more stable markets. Crypto is still perceived as a very risky game and therefore sell off.
Our algo still sees some green in 2023, especially in the second half of the year. This is reflected in our forecast for 2023.
Right now, Bitcoin needs to find a bottom before we can move in the opposite direction and reverse the trend.
Once Bitcoin settles into the new price range, altcoins will start doing the same – we’ve seen this scenario dozens of times in distant and more recent history.
Our price forecasting model is bearish for the next 90 days with a hint of a bull market straddling quarters from Q1 to Q2. We expect whales and other larger players in the market to finish filling their bags around that time, which will cause a typical and sudden crypto spike.
The CaptainAltcoin team created a price prediction model with a multifaceted approach to crypto that takes into account both technical analysis and fundamental evaluation of each project.
The fundamentals we evaluate are teams, tokenomics, use case, community, marketing efforts, liquidity and availability of exchange, hype and speculative potential, and some other proprietary factors developed in our crypto lab.
DigiByte Price Prediction 2023
High inflation and the extremely dangerous macroeconomic situation have been heavily reflected in the price of Bitcoin in 2022. When we take the internal crypto issues with big players like FTX, Celsius, Voyager, Luna going down, 2023 doesn’t look too good for bulls. We’ll likely see a lot of boring sideways price action with a tendency to slide down with each minor market tremor.
DigiByte Price Prediction 2025 – 2030 – 2040
Our forecast model sees DGB reaching $0.0125 in 2025.
How much will DGB be worth in 5 years?
The price of DGB in 5 years could be around $ 0.0139
How much will DigiByte be worth in 2030?
Our forecast model sees DigiByte reaching $0.0313 in 2030.
How much will DigiByte be worth in 2040?
Our forecast model sees DigiByte reaching $0.0627 in 2040.
Will DigiByte replace/surpass/surpass Bitcoin?
No, DigiByte will not replace or exceed BTC.
Can DigiByte reach $0.10?
Yes, DigiByte can reach $0.10 by the end of 2025.
Can DigiByte reach $1?
No, our forecasting model sees no chance for DigiByte to reach $1 in the short or medium term.
Can DigiByte reach $10?
No, our forecasting model sees no chance for DigiByte to reach $10 in the short or medium term.
Can DigiByte reach $100?
No, our forecasting model sees no chance for DigiByte to reach $100 in the short or medium term.
Can DigiByte reach $1000?
No, our forecasting model sees no chance for DigiByte to reach $1000 in the short or medium term.
Is DigiByte worth buying?
We are supporters of moderately risky investments: invest most of your cryptocurrency portfolio in BTC (50%); 35% in a basket of large-cap coins and the rest in small projects with huge increases. So, in this context, DigiByte is worth buying.
Is DigiByte a good investment?
DigiByte is, just like all other cryptocurrencies, a risky investment. It is more likely to go up than down because of the good use case, well-designed tokenomics, active community, and a strong team behind it.
How much will DigiByte be worth?
For the short-term future, it could reach $0.0046. In the long term (8-10 years), it could jump to $0.0313 or even higher.
How high will DigiByte go?
Our prediction model sees the price of DigiByte explode and reach $0.0627 in the distant future.
What is the short-term forecast for DigiByte?
DigiByte will reach $0.0046 over the next 90 days, which is a 41.8% change from the current price which hovers around $0.0080.
Can DigiByte make you a millionaire?
Yes, if you buy a large enough sum. Don’t expect to invest $100 and become a DigiByte millionaire. But 100x price explosions are a common sight in crypto, so a $10k investment in DigiByte could make you a millionaire.
DigiByte
Price Prediction Today – What will be the price of DigiByte tomorrow?
DigiByte will hover around $0.0087 tomorrow.
Future Prospects for DigiByte
Why will DGB succeed?
Bitcoin supports 7 transactions per second with 10 minutes of block time. Bitcoin Cash supports 34TPS and 10 minutes lock, Western Union supports 30, Litecoin supports 56tps with a lock time of 2.5 minutes, and PayPal supports 130TPS.
Digibyte currently supports 560TPS and only 15 seconds of lock time, and 2000TPS by 2020 and exponentially growing 280,000TPS in the near future.
DigiByte is the fastest, longest, most secure and most distributed UTXO blockchain in the world. DigiByte is not only a method of storing and exchanging value, but it has the scalability to handle much more, such as authenticating documents in the blockchain, validating identity, or even having tokens built on it without having to worry about a cat game slowing it down when it reaches peak enthusiasm.
Why will DigiByte fail?
When it comes to exchanging money and value, it’s really not just about technology as people are erratic and choose to use something that isn’t the best or most efficient. People are emotion-driven and rigid, analytical programmers are foreigners to that side of human nature and rely too much on their “superior” technology to bring them into the promised land. DGB exemplifies how other profiles of people are needed who can paint the picture of that technology in much warmer colors so that customers can see the value and start using it.
Well, a DGB holder presented an analysis as to why he believes that DGB lacks recognition and adoption. The gist is the lack of a business project management – it’s run more like a hobby according to him.
The analysis is quite long and is a combination of praise and criticism of the leadership of the project. After praising the culture of DGB communities, he complains about the lack of responsibility and seriousness in project management.
DGB works pretty well behind the scenes; It is a functional product but lacks any kind of adoption and the prospects for the future are bleak.
Since the Lightning Network is accelerating the pace and growing substantially every month, DGB and other payment coins are in serious existential danger as LN could make them all obsolete.
Can DigiByte reach $1, $10 or $100?
Everything is in the realm of possibility, but probability levels vary. Considering Digibyte’s rather high annual inflation of 11.65% and the massive total supply of 21 billion tokens, reaching $1 will require a staggering and unprecedented price surge that borders on the wildest fantasies.
DGB is expected to grow almost 77 times above the current price level. It would need to completely wipe out bitcoin and assume its aspiring role as a global reserve currency or would it need to grow in tandem with bitcoin. In that case, bitcoin should be at $392k per coin.
Reaching $10
or even $100 is completely out of the realm of reality and if you know someone who claims DGB will reach those heights, make sure the applicant receives good psychiatric treatment.
Is DigiByte dead?
No, judging by the team’s activity on social media, github, their own website. Their communities on Reddit and Telegram are also active, although engagement levels are much lower than in 2017. Coin is also still listed on most major exchanges, indicating that DGB is far from a dead project.
Conclusion
Digibyte should consider 2020 as the crucial year to make an all-in push on all fronts, especially in reaching new partnerships, forcing greater penetration in merchants’ markets, and generally working more on their marketing efforts. The best technology is not worth much if no one has heard of it.