DigiByte Price Prediction – Will DGB Price Hit $0.5 Soon?

This DigiByte (DGB) Price Prediction 2021 article is based on technical analysis alone. Below, you will see the key metrics that we have taken into consideration upon coming up with our DGB price analysis and prediction.

Over the past few weeks, the entire crypto market looks to be making a fast recovery. After the dip two months back, the crypto market was growing steadily. At present, it seems that the crypto industry might finally be on the up and up again. Will DGB experience the same price volatility? We’ll find out soon in this DGB price analysis 2021 article. But first, let’s have a look at what DGB is.

What is DigiByte (DGB)?

DigiByte (DGB) is an open-source blockchain and asset development platform, its development began in October 2013. Moreover, the DGB token’s genesis block was mined in January 2014 as a fork of Bitcoin (BTC).

More so, DigiByte which is a longstanding public blockchain and crypto utilizes five various algorithms to improve security and was originally developed to improve the Bitcoin blockchain’s security, capacity, and transaction speed.

Furthermore, DigiByte is composed of three layers: a smart contract App Store, a public ledger, and the core protocol, which lets nodes communicate to relay transactions. Now that we are clear about DGB do you think DGB will be beneficial crypto in 2021? Join me and let us see the charts in this DGB price analysis and DGB price prediction.

DigiByte (DGB) Current Market Status

As of the time of writing this DGB price analysis, DGB trades at $0.035 with a 24-hour trading volume of $34,726,853. The price of DGB has decreased by 8.99% in the last 24 hours.

Currently, the top cryptocurrency exchanges for DGB are Binance, OKEx, Mandala Exchange, Huobi Global, and KuCoin. Now, let’s go to the next part of this DGB technical analysis for 2021.

DigiByte (DGB) Price Analysis 2021

Currently, DGB holds 135th place on CoinMarketCap. But will the latest upgrades, development, and changes in the DGB blockchain help the cryptocurrency price to reach higher? Let’s proceed to the charts in this DGB price prediction article.

In the chart above, which is set in a daily time frame, we can see the Descending Triangle pattern. This is an important indicator since DGB has been showing bearish over the past month. Consequently, the descending triangle pattern hints that DGB will finally go bearish.

In the foreseeable future, we can say that DGB has a higher chance of going bearish than bullish. As shown above, at the beginning of this month, DGB turned from its bear to bull trend. This is the result of the high trade volume that happened in that period.

The Relative Strength Index (RSI) is at 27.12, which means that DGB is in a nearly oversold state. With this traders need to stay cautious while trading, turning away from further losses.

Let us also look at the Simple Moving Average (SMA) and the Exponential Moving Average (EMA) of DGB.

Since the start of 2021, DGB’s price has seen many bullish moves which are higher than the previous one. More so, these are followed by fluctuations, consolidation, and corrections right away. Taking this into consideration, DGB has a competitive market this 2021.

DigiByte (DGB) Price Prediction 2021

The chart below shows that DGB has performed great over the past few days. Moreover, the DGB price shows a bullish trend. If this trend continues, DGB might run along with the bulls, overtaking its $0.18 resistance level and moving even higher to $0.35.

Conversely, if the investors turn against the crypto, the bears might take over and push DGB from its uptrend position. In simpler terms, the price of DGB might decrease to almost $0.026, a bearish signal.

Meanwhile, our long-term DGB price prediction for 2021 is bullish. It has a high possibility of reaching new heights. More so, that will only happen if it breaks many previous psychological resistances.

DigiByte (DGB) Price Prediction by 2022

If this bullish trend continues, DGB will reach $1 by the end of 2022. Moreover, the first half of 2022 is going to show fast growth, up to $2. Then this rise will slow down, but no major falls are expected. With upcoming, partnerships, and developments reaching $1 is quite optimistic in the price point of view but undoubtedly feasible for the near future.

DigiByte (DGB) Price Prediction by 2023

If DGB holds the support level around 200-MA, the long-term moving average of 200 days firmly, buyers will then have ample time and stability to forge the next attack mission on the vital level at $3.5, making it not plummet but play consistently.

DigiByte (DGB) Price Prediction by 2024

As per the latest upgrades, developments, DGB price prediction, and new project forecasts of the platform, DGB investors could expect many partnerships and integrations around 2024. Moreover, this might boost the price of DGB in the crypto market, and it will be the best investment as the price can spike and reach around $5.

DigiByte (DGB) Price Prediction by 2025

In the next four years, DGB’s price could race up to $8. However, reaching this level could not be so difficult for DGB as additional medium, short-term, and long-term price targets could be found to purchase or sell orders. This indicates that DGB has a high possibility of reaching a new ATH soon in the next five years as per the prediction.

Conclusion

DGB has a bright future ahead of it in 2021. With the ongoing developments happening within the DGB ecosystem, as well as in the overall crypto market, we may see DGB reach new heights.

Bullish DGB price prediction 2021 is $0.5. As said above, it may even reach its new ATH if investors have decided that DGB is a good investment in 2021, along with mainstream cryptocurrencies like Bitcoin and Ethereum.

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Disclaimer: The views and opinions expressed in this article are solely the author’s and do not necessarily reflect the views of CoinQuora. No information in this article should be interpreted as investment advice. CoinQuora encourages all users to do their own research before investing in cryptocurrencies.