Digibyte was launched in January 2014 by its creator Jared Tate. During the launch, 0.5 percent of the total supply of the cryptocurrency was released, with half of these coins going to early users of the platform and the other half being used to finance the project’s early development during the first 18 months.
Today, Digibyte is supported by three separate groups including:
Open-source developers: These are the volunteers who continue to support the project through code contribution and application development.
The Digibyte Foundation: This is a non-profit organization that supports the development of DigiByte project. The group sponsors development, research, education and marketing of the project.
Awareness Team: This is the group that is tasked with promoting the cryptocurrency. They have an outreach program that is community-driven and makes use of social media, marketing and press releases to get the information about the project to the public.
Today, DigiByte has over 15 billion coins, with a maximum total supply capped at 21 billion DGB coins.
Another important aspect of Digibyte for investors is that it is highly competitive and contains most functionalities found in other cryptocurrencies. This includes the ability to be transacted, transferred, and exchanged in decentralized exchanges (DEX).
DigiByte has shown its ability to enter a bull run throughout its short history. For instance, During the months of May-June 2017, prices of DigiByte swelled from $0.0017 to $0.05. This was a 2,900 percent price rise in a month.
By December 2017, the crypto had entered a bull wave, which saw the prices dramatically rise by more than 400 percent, breaking the $0.10 mark.
The prices would then start to drop, and by mid-January 2018, a long-term bearish move had formed. The prices dropped to below $0.06, and for the next 12 months, they could not move past the mark. This all changed in January 2021 when the cryptocurrency prices started picking again and moving past the 0.06 mark.
The prices would later move past the $0.1 mark, and by March of 2021, DigiByte had set a new high of $0.182.
DigiByte has four cutting edge technologies that make it easily adoptable by other cryptocurrency networks and decentralized applications. These technologies include:
The DigiAsset platform: This is the protocol that allows other cryptocurrency projects to develop decentralized applications (dApps). This is achieved by building this applications on top of the DigiByte blockchain.
Digital Asset/ Public ledger: The immutable public ledger functionality of the DigiByte, where all transacitons of the crypto are recorded also allows other participants to trust the project. The platform uses five proof of work algorithms to ensure security of the platform. The project also does not allow releasing of new coins without them getting mined.
Global network: Thousands of people around the world trust the DigiByte projects and currently run it on their servers, computers, tablets and mobile phones that are connected to the DigiByte network. These connections forms what is known as nodes, and they help relay transactions.
The open source and permissionless project: Digibyte is an open source project, using the MIT license for all its products. This means that developers can easily fork the project, and also go through its source code. This level of transparency is one of the reasons why many clients trust the DigiByte project.
DigiByte price prediction 2022
Digibyte has been on a four-day bull run and currently trading at $0.025. However, this year alone, the crypto has lost over 25 percent of its value, setting a yearly low trading price of $0.015.
My DigiByte Price Prediction 2022 indicates that the crypto will close the year at a $0.08 level. This is based on my analysis of long-term support levels and the recent yearly gain of the crypto.
In 2020, the prices of DigiByte rose by a mere 6 percent by year’s end. However, during the same year, the prices of Digicoin rose by almost 500 percent before dropping and closing the year at only 400 percent. This clearly indicates that DigiByte is volatile enough to double in price within a year and lose all its gain during the same period.
During the 2021 bull run, the crypto also set new resistance levels of $0.07. This is near the level of my DigiByte Price Prediction 2022 prediction of $0.08.
Based on today’s prices, this will be a 229 percent price increase by the end of the year. My DigiByte price prediction 2022 also shows that the prices will trade within the blue area of the daily chart shown below.
DigiByte Daily Price chart
DigiByte price prediction 2025
My DigiByte Price prediction for 2025 is also based on past prices of the crypto is based on past growth of the crypto, where the prices will be around their all-time high of $0.182 by 2025. So these prices will be a growth of over 600 percent.
My DigiByte price prediction for 2025 also shows that the prices will trade within the brick red area highlighted on the weekly chart below.
DigiByte Weekly Chart
DigiByte price prediction 2030
If the prices of DigiByte continue to rise at the same annual rate of between 150 to 200 percent increase, the prices will be around $0.640 by the year 2030. This will be a 2,500 percent increase based on the current prices.
One of the main reasons my 2030 DigiByte analysis is aggressively bullish is its fundamentals and the problem the underlying network promises to solve. By 2030, the network will have more decentralized applications running on it, making it virtually the future cryptocurrency.
Is DigiByte a Good Investment?
Based on my DigiByte price prediction for 2022,2025, and 2030, the cryptocurrency I expect to grow by an average of 150 percent annually.
Compared to other traditional investments, whose returns are mostly below 20 percent, DigiByte remains one of the most attractive investment opportunities available today. In my opinion, investing in DigiByte today will see your investment grow by 2,500 percent by 2030.