Disclaimer: This is not financial advice. Do not buy or sell anything without doing your own due diligence. This report is for entertainment purposes only. I may own, buy or sell the cryptos mentioned here at any time without notice to anyone. Now to the fun stuff.!
I am looking for a particular type of setup, being a bottom feeder, I am looking for cryptos that are solid long term and have been beaten down and look as though they may be ready to turn around and head higher.
With that said, today's crypto of interest is Digibyte (DGB).
DigiByte (DGB) is a rapidly growing three year old decentralized global blockchain with a focus on cyber security, payments & secure communications. As the era of the blockchain continues to disrupt industries across the global DigiByte is emerging as a FinTech leader.
DigiByte has shown steady growth in price over time but really made some people rich in about a one month period starting on May 1st 2017. The price of DGB in Bitcoin rose from BTC 0.00000072 to BTC 0.00002465 which is 34 times higher in the period from May 1st 2017 to June 3rd 2017. So anyone wise enough (read lucky) to have purchased DGB made 34 times their money in one month if they sold at the top.
Here is the all time chart:
So what has happened since? As you would expect after such a run up in price, DGB has been heading lower ever since. Here is a shorter term price chart that shows this:
I like to buy cryptos that I believe have a long term outlook of survival that have been beaten down and have massive upside potential.
DigiByte may be one of these. If DigiByte is for real, then it may be nearing the end of this correction and when it does, it can move fast to the upside just like it can to the downside.
DGB is trading at BTC 0.00000286 at the time of the report.
Look for my next Undervalued Crypto - breakOUT report coming soon.
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Could you elaborate on that? There are so many coins these days, why is this one so good?
As of today DigiByte is the fastest, largest, most scalable and secure decentralized multi-algorithm blockchain in the world.
Launch Date: January 10th, 2014 Blockchain Type: Public, Decentralized, UTXO based, Multi-Algorithm Ticker Symbol: DGB Genisis Block Hash: "USA Today: 10/Jan/2014, Target: Data stolen from up to 110M customers" Max Total Supply: 21 Bilion DigiBytes in 21 Years (2035) Current Supply: 8,107,031,908 DGB (May 2017) Yearly Supply Inflation: 12% in 2017 Block Reward Reduction: 1% Monthly Current Block Reward 891 DGB Mining Algorithims: Five (Sha256, Scrypt, Groestl, Skein & Qubit) Block Timing: 15 Second Blocks, (1.5 Minutes per algo) Algo Block Share: 20% Block Share Per Algo (5) Difficulty Retarget Every 1 Block, 5 Seperate Difficulties, 1 For Each Mining Algo SegWit Support Yes. First major altcoin to successfully activate Segwit. (April 2017) Hardforks 4. DigiShield, MultiAlgo, MultiShield, DigiSpeed Softforks 3. SegWit, CSV, NVersionBipsThanks!
DigiByte vs Other Leading Blockchains
Over the past three years DigiByte has set itself apart in the Blockchain World
1st Major Altcoin to Activate SegWit (April 2017) Pionereed DigiShield Difficulty Adjustment (2014, Now used in many blockchains) MultiShield Algorithm Mining (2015) UTXO, Proof of Work, Decentralized, Open-Source Fair Initial Ditribution Focus on Utility, Security & Real World UsesDigiByte Transaction Speed
DigiByte has introduced special code that doubles block size every two years to scale the amount of transactions the network can handle well into the year 2035. Additonal work is underway to further increase transaction speed and network capacity.
Year 2016: 280 Transactions Per Second Year 2017: 560 Transactions Per Second Year 2019: 1,120 Transactions Per Second Year 2021: 2,240 Transactions Per Second Year 2035: 280,000+ Transactions Per SecondCool but blockcodes are for
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STOPFinally!