DigiByte Price Forecast 2022: DigiByte is now trading at $0.025 in USD, a 0.16 percent increase over the previous hour. DGB has a market value of $379,194,339 and a 24-hour trading volume of $18,432,012.00. DigiByte (DGB) has risen to 146th place in the cryptocurrency market.
If you are a crypto investor, you may be wondering what the DigiByte price forecast for the end of 2022 is and how much DigiByte 2022 will cost. Is DigiByte a good investment, or should you buy it in 2022? Will the price of DGB surpass the previous high? In this cryptocurrency overview, you will find out about DigiByte price forecasts for the future.
DGB Price and Project Overview
Unlike bitcoin, the first and foremost decentralized digital currency, DigiByte is a fork of a well-known project – Bytecoin which was launched in late 2013. At the beginning of 2014, it was already being traded on some exchanges and found on exchangers like Changelly. And now, DigiByte has officially launched.
The main goal of the DigiByte project is to create a digital currency with high fungibility, with its own blockchain, and it will provide all the features of its parent, Bytecoin. DigiByte development team decided to follow the approach of Bytecoin – a currency with the possibility of mining, it will be possible to sell its mining rights, create tokens, and transfer the tokens of the company with other tokens from all over the world, not only from Bytecoin (a currency with a total amount of 9.8 million coins).
In DigiByte tokens will be distributed in different ways. The first group of tokens is released in the ICO (Initial Coin Offering) stage. The total amount of DigiByte tokens is 20 billion and the amount will be distributed as follows:
- ICO stage: 5% (approx. 10% – 13% of total supply);
- Development stage: 5% (approx. 10% – 13% of total supply);
- Founders stage: 2% (approx. 4% – 6% of total supply);
- Community: 30% (approx. 55% – 75% of total supply);
- Stores: 10% (approx. 20% – 23% of total supply);
- Miners: 1% (approx. 2% – 3% of total supply);
- Team: 10% (approx. 20% – 23% of total supply).
DigiByte is a very interesting project because it will not have a centralized structure and its users are no longer forced to use the centralized payment gateways, so the DigiByte blockchain will be decentralized.
DigiByte also will be faster and cheaper than bitcoin, so you can buy cryptocurrency. Since DigiByte will not require mining as its parent, it will save a lot of energy.
Price Prediction for DGB: Key Factors
Now that we have all the necessary information about DigiByte, we are going to analyze and point out the key factors that will influence the price of an exchange cryptocurrency in the next few years.
The Development of the DigiByte Project
The development of the DigiByte (DGB) project is one of the most important factors to look at when it comes to predicting the price of the cryptocurrency in the next few years.
The most significant fact to remember is that DigiByte is going to change its consensus algorithm in the next few years, something that is going to impact its future.
The second crucial fact to remember is that DigiByte has only been around since 2014, so the project will continue to develop in the years to come. In this way, we will see new features and tools that will increase the cryptocurrency’s value.
The Emergence of New Cryptocurrencies
The fact that there will be many new cryptocurrencies is also going to affect the DGB price forecast, as it will take time for the DigiByte community to adapt and take advantage of these new currencies.
The last thing that is essential to keep in mind is that DigiByte is now going to face new competitors, as the crypto industry is still under development, and we are going to see many new cryptocurrencies emerge in the future.
Based on DigiByte’s price target and USA/EN technical analysis, DGB is expected to reach $0.027 by the end of this year. In addition, the expected low price of DigiByte by the end of this year should be $0.026. In addition, DGB may reach a maximum price level of $0.031.
In addition, it is critical to understand that DigiByte is still a small cryptocurrency that needs to develop, grow and gain value in the next few years. We know that it has the potential to grow in the future, and this will determine how its price rises in the next few years.