DigiByte (DGB) Live Price Chart & History

Live DGB / USD Price Chart

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Risk Warning: Your capital is at risk

Price USD 10.9%
$0.038768
Price BTC
0.00000415
Volatility (7d)
1.31 %
Volatility (30d)
1.50 %
Market Cap USD
$393.9M
Market Share
Since launching at $0.00148882 on 06/02/2014 DigiByte has achieved a price of $0.0387679, rising 28.66% in the last week alone.

DigiByte Price Analysis: Predictions and Forecasts

Why buy DigiByte? What is it used for?

DigiByte (DGB) is a rapidly growing global blockchain with a focus on cybersecurity for digital payments & decentralized applications. Over 4 years, DigiByte has become the world's fastest, longest and most decentralized UTXO blockchain today... DigiByte is a public, rapidly growing and highly decentralized blockchain. DigiBytes are digital packages that cannot be destroyed, counterfeited or hacked, making them ideal for protecting objects of value like currency, information, property or important digital data. DigiBytes can be sent over the DigiByte Blockchain and forever recorded on an immutable public ledger that is decentralized on thousands of computers across the planet.
DigiByte was launched in 06/02/2014. It uses the Proof of work method of consensus, and is based on the Multiple algorithm. DigiByte's goals include Digibyte addresses the block time issue that many other cyptocurrencies have by providing a 15 second blocktime. Also, it has 5 mining algorithms including Skein, Scrypt and more to further democratize the mining process... DigiByte aims to set itself apart from other cryptocurrencies due to Encryption, 4 times as secure as Bitcoin

Trading DigiByte : The Best Platforms to trade DGB

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Risk Warning: Your capital is at risk

DigiByte Trading: How To Buy + Trade DGB

Many of the 'long tail' of cryptocurrencies are currently only available at a handful of exchanges, many of which will not accept direct US Dollar, GBP or EUR deposits. In order to make a trade, you need to:
  1. Create a Bitcoin, Litecoin or Ethereum wallet
  2. Create a DigiByte wallet to recieve your coins
  3. Buy either BTC, ETH or LTC at an exchange you trust, making a deposit by bank transfer or credit card
  4. Transfer the major coin you have bought to an exchange that trades DGB
  5. Exchange your BTC, ETH or LTC for an amount of DGB, depending on the current exchange rate
  6. Move your DigiByte coins from the exchange to your private wallet to protect yourself from hacks or bankcrupcy at the exchange

The downsides of trading DGB on an exchange

As you can see, the process for trading DigiByte is not entirely straightforward or without risks. Exchanges are notorious for bad security and there have been several major incidents of hacking or an exchange 'going bust' with the losses to coin holders in the hundreds of millions. It is not safe to keep coins on any exchange, yet moving between exchanges or from an exchange to your wallet will incur fees.

Furthemore, its not uncommon for exchanges to go offline during periods of high volatility - means should the price of DigiByte crash you may find yourself unable to trade out of the currency and into a safe haven due to their site crashing.

What's the alternative?

If you plan to trade, rather than buying to hold, we recommend trading with a CFD or forex broker. It may limit your choice of currency, but has considerable advantages:

  • The brokers are established and regulated by financial conduct authorities
  • Brokers regulated in Europe offer deposit protection: if they go bust your deposit will be refunded by the goverment (though not your open trades!)
  • Deposits and trades can be made directly in a currency you are comfortable with - USD, EUR or GBP. No need to calculate multiple exchange rates to know your profit.
  • Forex brokers are accustomed to high volatility and are better prepared for spikes of traffic. In a bear market, you should have a better chance of closing trades and getting your money out before DigiByte goes to zero

You can see our list of featured trading platforms here

Will the price DigiByte fall continue to rise?

It's impossible to predict for sure if DigiByte is due for a crash or is headed to the moon, but this is what we do know:

  • In the past 7 days DigiByte has risen by 28.66%
  • In the past month it has gained 39.965635826827%
  • In total it has appreciated by $0.03727908 since its inception, a change of 2,603.93%

Can DigiByte reach, replace, pass or overtake bitcoin?

At present DigiByte is trading at 0.00000415 BTC. In order to reach Bitcoin's current price of $15000 USD it would need to grow by 24,096,385.5%. If we assume DigiByte continued to as it has in the last month - with a price change of 39.97% it would take 3.1888123730748 years just to reach Bitcoin's current price. To overtake bitcoin will take longer.

Price Targets:

If you're wondering if the price of DGB is going to take off and increase in price to a higher level we've done the math for you.
In order for DigiByte to reach $0.05 it needs to increase in price by a factor of 1.29x. Given its present growth rate of 39.97% per month, it could take just 1.1 months to hit a price target of $0.05 USD

What is the probability of hitting $0.05 over time?

Time periodChance final price > $0.05Chance final price < $0.05
1 week11%88.9%
1 month27.7%72.2%
3 months36.6%63.3%
6 months40.4%59.5%
1 year43.2%56.7%
2 years45.2%54.7%
3 years46.1%53.8%
4 years46.6%53.3%
5 years46.9%53%
These probabilities are an illustration based on a Monte Carlo simulation, calculated on the past 30 days historical volatility. We make no claim for real world accuracy
In order for DigiByte to reach $0.10 it needs to increase in price by a factor of 2.58x. Given its present growth rate of 39.97% per month, it could take just 4.0 months to hit a price target of $0.1 USD

What is the probability of hitting $0.10 over time?

Time periodChance final price > $0.1Chance final price < $0.1
1 week0%99.9%
1 month1.3%98.6%
3 months10.2%89.7%
6 months18.4%81.5%
1 year26.4%73.5%
2 years32.7%67.2%
3 years35.8%64.2%
4 years37.6%62.3%
5 years38.9%61%
These probabilities are an illustration based on a Monte Carlo simulation, calculated on the past 30 days historical volatility. We make no claim for real world accuracy
In order for DigiByte to reach $0.20 it needs to increase in price by a factor of 5.16x. Given its present growth rate of 39.97% per month, it could take just 7.0 months to hit a price target of $0.2 USD

What is the probability of hitting $0.20 over time?

Time periodChance final price > $0.2Chance final price < $0.2
1 week0%100%
1 month0%99.9%
3 months1.4%98.6%
6 months6%93.9%
1 year13.7%86.2%
2 years22%77.9%
3 years26.4%73.5%
4 years29.2%70.7%
5 years31.2%68.7%
These probabilities are an illustration based on a Monte Carlo simulation, calculated on the past 30 days historical volatility. We make no claim for real world accuracy
In order for DigiByte to reach $0.25 it needs to increase in price by a factor of 6.45x. Given its present growth rate of 39.97% per month, it could take just 7.9 months to hit a price target of $0.25 USD

What is the probability of hitting $0.25 over time?

Time periodChance final price > $0.25Chance final price < $0.25
1 week0%100%
1 month0%99.9%
3 months0.6%99.3%
6 months3.8%96.1%
1 year10.7%89.2%
2 years19%80.9%
3 years23.7%76.2%
4 years26.7%73.2%
5 years28.9%71%
These probabilities are an illustration based on a Monte Carlo simulation, calculated on the past 30 days historical volatility. We make no claim for real world accuracy
In order for DigiByte to reach $0.50 it needs to increase in price by a factor of 12.90x. Given its present growth rate of 39.97% per month, it could take just 10.9 months to hit a price target of $0.5 USD

What is the probability of hitting $0.50 over time?

Time periodChance final price > $0.5Chance final price < $0.5
1 week0%100%
1 month0%100%
3 months0%99.9%
6 months0.7%99.2%
1 year4.4%95.5%
2 years11.4%88.5%
3 years16.3%83.6%
4 years19.7%80.2%
5 years22.3%77.6%
These probabilities are an illustration based on a Monte Carlo simulation, calculated on the past 30 days historical volatility. We make no claim for real world accuracy
In order for DigiByte to reach $1.00 it needs to increase in price by a factor of 25.79x. Given its present growth rate of 39.97% per month, it could take just 1.2 years to hit a price target of $1 USD

What is the probability of hitting $1.00 over time?

Time periodChance final price > $1Chance final price < $1
1 week0%100%
1 month0%100%
3 months0%99.9%
6 months0.1%99.8%
1 year1.5%98.4%
2 years6.3%93.6%
3 years10.6%89.3%
4 years13.9%86%
5 years16.6%83.3%
These probabilities are an illustration based on a Monte Carlo simulation, calculated on the past 30 days historical volatility. We make no claim for real world accuracy
In order for DigiByte to reach $5.00 it needs to increase in price by a factor of 128.97x. Given its present growth rate of 39.97% per month, it could take just 1.7 years to hit a price target of $5 USD

What is the probability of hitting $5.00 over time?

Time periodChance final price > $5Chance final price < $5
1 week0%100%
1 month0%100%
3 months0%100%
6 months0%99.9%
1 year0%99.9%
2 years1.1%98.8%
3 years3.1%96.8%
4 years5.3%94.6%
5 years7.4%92.5%
These probabilities are an illustration based on a Monte Carlo simulation, calculated on the past 30 days historical volatility. We make no claim for real world accuracy
In order for DigiByte to reach $10.00 it needs to increase in price by a factor of 257.95x. Given its present growth rate of 39.97% per month, it could take just 2.0 years to hit a price target of $10 USD

What is the probability of hitting $10.00 over time?

Time periodChance final price > $10Chance final price < $10
1 week0%100%
1 month0%100%
3 months0%100%
6 months0%100%
1 year0%99.9%
2 years0.4%99.5%
3 years1.6%98.3%
4 years3.2%96.7%
5 years4.9%95%
These probabilities are an illustration based on a Monte Carlo simulation, calculated on the past 30 days historical volatility. We make no claim for real world accuracy
In order for DigiByte to reach $15.00 it needs to increase in price by a factor of 386.92x. Given its present growth rate of 39.97% per month, it could take just 2.1 years to hit a price target of $15 USD

What is the probability of hitting $15.00 over time?

Time periodChance final price > $15Chance final price < $15
1 week0%100%
1 month0%100%
3 months0%100%
6 months0%100%
1 year0%99.9%
2 years0.2%99.7%
3 years1.1%98.8%
4 years2.3%97.6%
5 years3.8%96.1%
These probabilities are an illustration based on a Monte Carlo simulation, calculated on the past 30 days historical volatility. We make no claim for real world accuracy

Is DigiByte a good investment? Is it safe to put my money into DGB?

No, it is not a 'good investment' to buy DigiByte, and given the market volatility it is certainly not safe either. We would urge you to not to consider buying or trading DigiByte as an investment but purely speculation.

It is certainly possible to profit from an increase in the value of DGB - and if you short the coin you might even profit from a crash in the market.

However with so much uncertainty in the market the best you can do is make an educated guess as to the direction of the price or the mood of the market. If you're not informed on the fundamentals that's pretty close to a gamble.

Remember, your capital is at risk.. Trading conditions can change at any time without prior notice. Buying, holding or trading is a high risk activity that may incur significant losses over a short period of time

Market Sentiment

DigiByte Development + Team

There are @research_team_dev_size developers coding the source behind DigiByte There are no sales or marketing staff on the team which could impede the coin's growth.

DigiByte doesn't publish bios or social profiles of their team members, making it harder to understand who is behind the project.

The team for DigiByte is lead by Jared Tate,

The team is not active on the social media channels, which can be a troubling sign. Their blog is not regularly updated, making it hard to track progress on their work

.

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