DigiByte. Sleeping giant awakens or yawning?Coin of the day id DigiByte
DigiByte refers to the type of cryptocurrency that is developed to provide an alternative to bitcoin; the creators try to improve or correct the shortcomings of bitcoin.
DigiByte’s supporters call DGB coin a sleeping giant of cryptocurrency. The coin exists more than four years now. Founded in 2014, it’s part of the older class of cryptocurrency projects, focusing on improving security, decentralization, and speed.
Jared Tate developed DigiByte in 2013 and launched the genesis block in January 2014. At the time, DigiByte was one of only a handful of public blockchain projects. It launched without an initial token sale and with little fanfare. Since then, funding for the project has come through donations to the DigiByte foundation. It’s also reasonable to assume that Tate and others involved in the project hold a significant amount of DGB (the DigiByte coin) from mining and initial transactions.
Technicals
DGBBTC confirmed a rebound pattern on 12.04.2018 by piercing through the 100-days EMA. Since then the coin showed a solid uptrend pattern, holding above Bullish Trend Line. Recent attempt to hold above 0.000005 failed, and coin rolled back, but found support on the Bullish Trend Line and now testing 0.000005 again. Update of the past peak at 0.00000525 will confirm the breakthrough and send the coin to the next resistance, allegedly on the 38,2% Fibo level 0.000055 or higher to the 0.000006. Bullish Trend Line should stay strong to confirm the bullish scenario. Break below the 100-days EMA will dismiss the Bullish scenario.
Digibyte
DGBBTC BITTREXEntered into DGB as it was looking decent for another push. DGB has been respecting its new trend line on multiple occasions and seems like it will continue to do so for the time being.
After breaking through a 4hr resistance and retesting, I made an entry. A bullish engulfing close on this 4 hr candle could indicate it will head up to retest previous high at roughly 530 sats.
Digibyte is on fire, most decentralised most long-term potentialWhat makes DigiByte More Secure?
Global Decentralization
The DigiByte blockchain is spread over a 200,000+ servers, computers, phones, and nodes worldwide.
5 Mining Algorithms
DigiByte uses five secure and advanced cryptographic mining algorithms to prevent mining centralization compared to single algorithm blockchains.
Advanced Difficulty Stability
Difficulty adjustments protect a blockchain from several forms of malicious attacks. By creating and implementing DigiShield & MultiShield, DigiByte has the most advanced difficulty stability of any blockchain in the world today.
What makes DigiByte Faster?
15 Second Blocks
DigiByte has the fastest block speed of any public UTXO blockchain in the world today with 15 second block timings.
Early SegWit Implementation
Segregated witness allows for several innovations to occur on top of the DigiByte blockchain such as cross chain transactions and single confirmation transactions.
Blockchain Rigidity
DigiByte transactions, unlike other transactions on other blockchains, are limited in size and scope to increase speed, efficiency, and throughput. Most importantly this maintains security.
What makes DigiByte Forward Thinking?
Cybersecurity
DigiByte Blockchain technology can be leveraged and applied to applications, fixing 90% of the most common vulnerabilities affecting the internet today.
IOT Devices
The future of DigiByte includes the focus of applying DigiByte security to IOT devices and services that require robust communications.
Artificial Inteligence
By combining advancements in DigiByte Blockchain technology with artificial intelligence, we are exploring new innovations in automation and data analysis.
Digibyte $DGB Short term ideaPossible scenarios for digibyte in the next 24 hours. Waiting on BTC to decide on steady rise/fall or follow more stochastic pattern.
DGB - Digibyte - Running Well - 50% Profit PotentialDGB has been running well for a month.
Volume increasing. 4hr MACD bouncing up.
Looks like bowl pattern can easily be completed.
My DGB trade strategy for Bittrex
T1: 600
T2: 700
T3: 800
DIGIBYTE: MASSIVE PUBLICITY = 33.51% PROFIT!!!Our "Crypto Scalper" Trade Indicator has correctly identified a buy in point on the 22nd of April 2018.
Using this buy in point and selling at today's price, you would have expected to net 33.51% PROFIT!!!
The increase in price may also be explained by positive developments including:
April 4: Abra the first and only all-in-one app adds Digibyte to its app (Abra is an app that allows users to buy, sell and store over 20 cryptocurrencies and 50 legal currencies)
April 4: OkCoin (Korean cryptocurrency exchange) adds support for Digibyte.
April 6: Exodus Wallet adds Digibyte support.
April 14: Proposal that Digibyte will fund David Hay's Cúcuta humanitarian project.
April 18: South African cryptocurrency exchange Artis Turba adds Digibyte to its list of tradeable cryptocurrencies.
April 25: Digibyte releases their Android wallet.
April 25: Digibyte officially announces Digi-ID (integrated with their wallets). This is a DigiByte Blockchain-powered authentication service that can be used to replace username & password combinations and even 2FA. This allows users to register and login to any website or webshop with a single click or QR code scan.
April 26: Digibyte announces their IOS wallet (beta).
April 30: CryptoLark (Youtube Personality) has interview with Jared Tate (founder and creator of Digibyte). This has generated publicity for the cryptocurrency.
An increase is trading volume is driven by Bittrex and Poloniex accounting for 44.75% and 20.67% respectively.
Digibyte getting awfully close to breaking neckline.Get entry point on digibyte most likely...keep in mind that there is a higher peak to the left of the cup where a deeper cups rim could form should breaking this neckline fail to initiate a big surge of bullish voluem. That would mean we would then still need to form a handle. If this is the real rim line you will know withing 2-3 4hr candlees closing above it from a big momentum surge.
DGB: BTCDoji close on daily at the top of the ichi cloud, with a potential evening star Doji pattern forming. Potential supports 431, 385, 360 on the daily. A break above the Ichi and close above would be a strong bullish sign and price would likely consolidate above.
DGB to rest test 780-800sat by mid MayShould follow these patterns.. OR it can fly to 2000sat tomorrow OR it can fall to 200sat. Crypto is like a box of chocolates.. you never know what you're gonna get
DIGIBYTE: NEW DEVELOPMENTS = 22.65% PROFIT!!!Our "Crypto Scalper" Trade Indicator has correctly identified a buy in point on the 26th of April 2018.
Using this buy in point and selling at today's price, you would have expected to net 22.65% PROFIT!!!
The increase in price may also be explained by positive developments including:
April 4: Abra the first and only all-in-one app adds Digibyte to its app (Abra is an app that allows users to buy, sell and store over 20 cryptocurrencies and 50 legal currencies)
April 4: OkCoin (Korean cryptocurrency exchange) adds support for Digibyte.
April 6: Exodus Wallet adds Digibyte support.
April 14: Proposal that Digibyte will fund David Hay's Cúcuta humanitarian project.
April 18: South African cryptocurrency exchange Artis Turba adds Digibyte to its list of tradeable cryptocurrencies.
April 25: Digibyte releases their Android wallet.
April 25: Digibyte officially announces Digi-ID (integrated with their wallets). This is a DigiByte Blockchain-powered authentication service that can be used to replace username & password combinations and even 2FA. This allows users to register and login to any website or webshop with a single click or QR code scan.
April 26: Digibyte announces their IOS wallet (beta).
An increase is trading volume is driven by Bittrex and Poloniex accounting for 46.61% and 23.27% respectively.
DGB ProposalDGB strong resistance at 500 sats. We should see a small retrace to the fib line before breaking the 500 sat mark and breaking out.
DigibyteI looking for new cycle of DGB
Storng News
litepal is in some capacity involved with #DigiByte & DigiByte Foundation.
LitePal is a free platform and service for merchants and buyers to transact without the clutter and complexity that would otherwise be associated with accepting, sending, or receiving cryptocurrency.
twitter.com
DGB the sky is the limitPrepare for liftoff on this one. Digibyte has broken or is in the process of breaking an almost four year down trend line. It depends what time frame you view the chart to tell if the trend line has broken. I am using a weekly in this chart but on the daily it looks to be breaking the downtrend today.
I expect a retrace up to 0.00002 BTC at least. The time frame I am looking at is by August or September. In US dollar terms it would put DGB between 0.20-0.40 depending on if BTC is closer to $10,000 or 20,000. That would put DGB's market cap somewhere between 2-4 billion.
In my opinion Digibyte is one of the most undervalued coins out there. I would look for large corporations to start investing large sums into coin specific blockchains going forward, if these corporations want to stay relevant. DGB would be an ideal candidate for an investment by a large firm.
Wave 5 is coming!DGB ( Digibyte ) tested 363 sat level as support and we believe Elliott Wave 5 is happening now!
363 sat level is also 0.618 Fibonacci Retracement, measured from wave 2 bottom to wave 3 peaks, 0.618 is a golden number of Fib Retracement and Elliott Wave 4 relation.
Bounced perfectly from that.
BUY ZONE
0.00000370 - 0.00000390
SELL TARGET
T1: 0.00000467
T2: 0.00000549
STOP-LOSS
0.00000349
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Digibyte | DGBBTC Don't need to make professional charts. Just draw lines that can make us happy :)
Please always DYOR!
DGB is looking very good after this cup & handle had formedDigibyte is looking very good on 3h chart, after this cup & handle had formed, I hope it will respect the Eliot waves and hit 850 sat soon.
!!!This is not a trading idea, take care of your money!
Digibyte is above the rim of its picture perfect cup & handledgb has formed a picture perfect cup and handle and has broken above the rim/neckline...if it closes the current 4hr candle above the neckline then I think it's ready for blast off. Also take a look at the volume boost on it on the last 4 hour candle...explosive.
