After a very rough start to the week, it would appear as if the crypto markets are finally ready to turn bullish again. While there is still a lot of work to be done prior to noting any real gains, it seems some markets are moving in the green again. The Digibyte price is moving up again, although the road ahead will be filled with hurdles along the way.
Digibyte Price Momentum Show Signs of Potential Growth
Although a lot of crypto traders and speculators keep a close eye on all of the top alternative markets, Digibyte is hardly ever mentioned. That strikes a fair few people as odd, even though there is also a reason as to why this is happening. A lot of the initial excitement regarding DGB has quieted down all of a sudden. As such, it seems most of the “influencers” have dropped off the radar in recent months.
Even so, it would appear the Digibyte price is ready to move up once again. Following a 4.6% gain in both USD and BTC value in the past few hours, it seems the momentum is turning in favor of this altcoin again. This price push also brings the value per DGB to $0.011333, or 300 Satoshi. This is a rather promising turn of events for the altcoin, although it remains to be seen what will happen in the coming hours.
The DGB community is still very much in the game as of right now, as can be seen from the Tweet below. Devon is intrigued by the ongoing development of this particular cryptocurrency project and how they try to improve upon scalability at this time. Any crypto project needs to keep evolving at all times, and it seems Digibyte is checking a lot of the right boxes right now.
This is another reason I love #DGB @DigiByteCoin – constant 24/7 development supporting an on-chain blockchain with leading Security/Speed/Scalability @DigiByteCoin @DGBAT_Official https://t.co/Y9189oZnFc
— Devon ($DGB) (@digibytehelper) March 5, 2019
Mr. Hanson is happy with the way Bittrex has recently introduced a small upgrade and their “prize swag” giveaways. This reminded Hanson of how he has bought nearly all of his existing DGB holding son this particular exchange. Bittrex was one of the first major platforms to support the altcoin, and they still do so today.
My first #DGB bag was bought on #Bittrex and the second and third and so on. Love the new update https://t.co/XSXN0qTzcv
— Mr Hanson (@Hanson2024) March 5, 2019
It would also seem some of the Digibyte community members are looking for ways to get this altcoin supported on Wirex. While this approach needs to be commended, one has to wonder if DGB would even be a good fit. As of right now, the platform supports a fair few different currencies and projects, but Digibyte has not been on the short list so far.
Seems like #DGB is the clear choice. Hands down, one of the best coins available.
— SwineMine (@SwineMineApp) March 5, 2019
All of the market signs seem to indicate things are looking well for Digibyte as of right now. While the current gains are not necessarily too spectacular, it is evident the markets are slowly resuming their bullish trend again. Digibyte has no real trading volume – compared to its market valuation – that could keep this push going for very long, though, which is something to keep in mind at all times.
Disclaimer: This is not trading or investment advice. The above article is for entertainment and education purposes only. Please do your own research before purchasing or investing into any cryptocurrency.
Image(s): Shutterstock.com
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