DigitalBits price has made a strong recovery in the past few months as demand for the coin rises. It surged to a high of $0.020, which was the highest level since August 5th of this year. At its peak this month, the coin surged by more than 1,682% from the lowest level this year, giving it a market cap of more than $15 million.
Is XDB a good buy?
DigitalBits is a relatively small but fast-growing blockchain project that makes it easy for developers to tokenize their assets using a transaction and trading layer for the point economy. XDB is a token value proposition that fuels its ecosystem.
The platform has partnered with InterMilan, AS Roma, and Dignitas as its brand partners. It has also partnered with David Beckham and Francesco Totti as its brand ambassadors. To achieve this succes, DigitalBits has partnered with companies like Fireblocks, AstraX, TrustSwap, and LootMogul among others.
DigitalBits price rose after Bitpanda announced that XDB would be the only coin for the ecosystem. This happened after DigitalBits successfully completed the token swap from ERC-20 to the mainnet. This token swap happened on October 9 when over 1.04 billion tokens were swapped.
DigitalBits price prediction
The XDB price has been in a strong bullish trend in the past few weeks as demand for the coin continue rising. The coin has moved above all moving averages. As it rose, the coin managed to move above the important resistance level at $0.0058, which was the highest point on October 9 of this year.
DigitalBits shows that the coin has surged above all moving averages while the Stochastic Oscillator has moved below the neutral level.
Therefore, I don’t believe that the coin will continue rising in the coming days. It has also formed a shooting star pattern. If this happens, the next key level to watch will be $0.0058. A move above the resistance level at $0.014 will invalidate the bearish view.
