This comprehensive guide provides an in-depth look at the current DigiByte (DGB) market performance, historical trends, and future price predictions. Whether you're a seasoned investor or new to the cryptocurrency space, understanding these key metrics can help you make more informed decisions.
Understanding DigiByte (DGB)
DigiByte is a decentralized blockchain platform focusing on security, speed, and scalability. It utilizes multiple mining algorithms to enhance decentralization and prevent centralized control. The native cryptocurrency, DGB, is used for transactions, smart contracts, and securing the network.
Key Features of DigiByte
- Multi-Algorithm Mining: Enhances security and decentralization.
- Fast Transactions: Designed for high throughput and low latency.
- Scalable Architecture: Supports growing user demand without compromising performance.
Current DigiByte (DGB) Market Performance
As of the latest data, DigiByte (DGB) is trading at $0.007388** with a 24-hour trading volume of **$217.05K. The market capitalization stands at $131.2M, representing a market dominance of approximately 0.0037%. Over the past 24 hours, the price has increased by +1.08%.
Detailed Price Metrics
- 24h Turnover: $217.05K
- All-Time High (ATH): $0.02275
- 24h High: $0.007397
- All-Time Low (ATL): $0.005
- 24h Low: $0.007202
Market Capitalization Insights
- Market Cap: $131.2M
- Fully Diluted Valuation (FDV): $124.8M
- Market Cap/FDV Ratio: 100%
- Market Sentiment: Neutral
Supply Statistics
- Circulating Supply: 17.75B DGB
- Total Supply: 17.77B DGB
- Max Supply: 16.89B DGB
DigiByte (DGB) Price Prediction
Price predictions for DigiByte (DGB) suggest an average value of $0.007383** in 2025, with potential fluctuations between **$0.004577 (lowest) and $0.008195** (highest). By 2035, projections indicate a possible price surge to **$0.02837, representing a potential return of +204.00% from current levels.
Yearly Price Forecast Table
| Year | Minimum Price | Highest Price | Average Price | Change |
|---|---|---|---|---|
| 2025 | $0.004577 | $0.008195 | $0.007383 | -- |
| 2026 | $0.00662 | $0.01074 | $0.007789 | +5.00% |
| 2027 | $0.00899 | $0.0114 | $0.009268 | +25.00% |
| 2028 | $0.005994 | $0.01374 | $0.01033 | +39.00% |
| 2029 | $0.007103 | $0.01264 | $0.01204 | +62.00% |
| 2030 | $0.006911 | $0.01468 | $0.01234 | +67.00% |
| 2031 | $0.0127 | $0.01432 | $0.01351 | +82.00% |
| 2032 | $0.01113 | $0.01684 | $0.01391 | +88.00% |
| 2033 | $0.01291 | $0.02168 | $0.01538 | +108.00% |
| 2034 | $0.01074 | $0.0265 | $0.01853 | +150.00% |
| 2035 | $0.02049 | $0.02837 | $0.02251 | +204.00% |
Historical Price Trends
DigiByte (DGB) has shown varied performance across different time frames:
- Last 24 Hours: +1.08%
- Past 7 Days: -1.94%
- Past 30 Days: -18.62%
- Last Year: -6.43%
Detailed Historical Changes
| Time Period | Change Amount | % Change |
|---|---|---|
| 1H | +$0.00003016 | +0.41% |
| 24H | +$0.00007893 | +1.08% |
| 7D | -$0.0001461 | -1.94% |
| 30D | -$0.00169 | -18.62% |
| 1Y | -$0.0005076 | -6.43% |
Factors Influencing DigiByte (DGB) Price
Several elements can impact the value of DigiByte, including:
- Market Sentiment: General investor outlook towards cryptocurrencies.
- Technological Developments: Upgrades and new features on the DigiByte blockchain.
- Regulatory News: Government policies and regulations affecting crypto assets.
- Adoption Rates: Increased use of DGB for transactions and smart contracts.
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Frequently Asked Questions
What is DigiByte (DGB)?
DigiByte is a decentralized blockchain platform designed for fast, secure, and scalable transactions. Its native cryptocurrency, DGB, is used for various network functions and transactions.
How is the price of DigiByte determined?
The price of DGB is influenced by supply and demand dynamics, market sentiment, technological advancements, and broader cryptocurrency market trends.
What are the potential returns for investing in DigiByte?
Based on current predictions, DigiByte could offer significant returns by 2035, with estimates suggesting a potential increase of over 200% from today's prices. However, all investments carry risk, and past performance is not indicative of future results.
Where can I buy and store DigiByte?
DGB can be purchased on various cryptocurrency exchanges and stored in compatible digital wallets. Ensure you choose a reputable platform and secure wallet for your assets.
How does DigiByte compare to other cryptocurrencies?
DigiByte emphasizes security, speed, and decentralization through its multi-algorithm mining approach. It often compares favorably to other blockchains in terms of transaction speed and scalability.
What should I consider before investing in DigiByte?
Potential investors should research market trends, technological developments, and regulatory environments. Diversifying investments and consulting with financial advisors is also recommended.
Conclusion
DigiByte (DGB) presents a unique investment opportunity within the cryptocurrency market. With its focus on security, scalability, and decentralization, it has the potential for growth in the coming years. However, like all investments, it is essential to conduct thorough research and consider market risks before committing funds. Stay informed with the latest data and trends to make well-rounded decisions.
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