by Rushali 
Today’s world has become a digital one. Everything almost everything has to become digital in this era. All the thing was changing slowly then this pandemic spread and it made us realize the importance of digital world. And now from education to payment, everything has been on the internet now. Gone are the days when you have to carry a stack of currency and be worried about it being lost or stolen. Now, you can do your payments with just a few clicks while sitting in the comfort of your homes or anywhere else in the whole world. With the increasing demand for digital currency, the rise of cryptocurrency has begun. In the last few months, the cryptocurrency market has been booming with new investors and some of the big market players.
Nowadays, you don’t need to keep your degree or certificates as well it is also available on the internet. There were many issues with them like if it is lost or damaged then you have again applied for another one which is quite a cumbersome task as maybe the institution doesn’t exist anymore. So, there was a high demand for a platform that has a secure framework for storing and restoring all the data on a blockchain-based platform. A tamper-proof and secured network that will also be used in trading and payments is highly needed. And for that reason, DigiByte was launched.
This article will focus on all the details related to that invention only.
First of all, let’s learn about the basic concept of DigiByte.
Introduction
DigiByte was invented in the year 2014, by Jared Tate. It was invented with the ain objective to solve the issues of security, increasing the speed of transactions, and decentralization. It was based on the background of blockchain and also has the benefits of decentralized finance, DigiByte has become the first blockchain network that has invented Segregated Witness or SegWit. This is a unique feature that ensures that information related to transactions will get gathered separately and will not be mixed with the other information on the same block, which will automatically facilitate transactions’ exponential speed. This technology is a revolution in the field of payments.
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Features
- The DigiByte tokens have enabled smart contracts and transfer funds.
- Another major factor behind the success of this cryptocurrency is its speed and affordability that ensures secured transactions at a high speed but at a low cost.
- Just like other cryptocurrencies, DigiByte is also don’t come under any governing body and people have their assets in their own hand.
- In the future of the financial world, DigiByte will be a prominent name because of its factor of reliability.
Partnerships
In February 2018, DigiByte has hired a PR agency with the objective of promoting its own products. That worked for their native token DGB and it is listed on prominent exchanges like Coinbase, Binance, etc. DigiByte offers a safe and dependable platform to its users and enables fewer fees and a wide range of digital assets to pick and choose from. All these things worked for the currency’s momentum and it accelerated with many smart contracts. DigiByte has also signed a partnership with ThreeFold’s decentralized Grid for taking its aggressive technological initiatives to the next level. The main objective behind this alliance is to make the world equal, sustainable, and decentralized. They also have an alliance with ThreeFold Grid to utilize the affordable and decentralized cloud computing capacity.
Past price movements
From the launch in 2014 till May 2017, DigiByte had didn’t seen any price movements, even people didn’t know that this cryptocurrency exists. Its price didn’t move from$0.001. Then suddenly its prices rise like a rocket and reached $0.06 in just a few weeks. Then in April 2018, the DigiByte price shot up to $0.049, increasing more than 188% in just 4 weeks. But due to the pandemic, the price has again fallen to the levels of $0.04.
Today it is trading at $0.079 that is 14.15% high.
Future price prediction
DigiByte will be one of the prominent cryptocurrencies in the future because of its unique features. Experts believe that the price of this cryptocurrency could reach the level of $150 in the next 10 years. Today it is a great investment opportunity as in the future it will definitely give returns.
- DigiByte Price prediction 2021
The year has given a positive start to the cryptocurrency it has recovered from the covid levels. It can reach the levels of $0.080 by the end of the year.
- DigiByte Price prediction 2022
It will be a major attraction for the investors and that will give it an amazing price movement and we can expect the levels of $0.082.
- Digibyte Price prediction 2023
If the crypto market will see a huge bull run this year then the price of this cryptocurrency will also cross the levels of $0.085.
- Digibyte Price prediction 2024
The progress of DigiByte will continue this year as well and the price will be around $0.088 by the end of the year.
- Digibyte Price prediction 2025
5 years is a long term to predict anything but we can expect that the overall mood of the market will be pessimistic and the price of DigiByte will see the levels of $1.
We can conclude that this cryptocurrency has many distinct features that make it a reliable and secured network. And this will make it chosen by the investors also and it will lead to a great future for DigiByte.
Note- This article is written from a personal point of view, and doesn’t guarantee any kind of price movement. We are also not responsible for the profit and loss incurred by you. Invest at your own risk. This article also doesn’t promote any cryptocurrency.
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