DigiByte (DGB) Potentially Undervalued at Current Price
I want to share my thoughts on what I believe to be one of the more undervalued #altcoin #investing assets, which is #DigiByte, or #DGB.
Before I say anything, please note that I own the DigiByte #cryptocurrency, so my opinions are biased. Also note that as a top 60-something #crypto, DGB isn't exactly what you call a stable investment.
Nevertheless, I think it has serious potential. Let's pull up the DigiByte logarithmic analysis:
- The low for this year is 2.2 cents; therefore, I baselined my analysis at 2 cents
- We have some strong trading activity at the bottom 50% sector (4 cents), so I'm hopeful that DGB will jump there as a very near-term target
- Longer-term, I want to see volume improve; if it does, DigiByte could challenge 20 cents by year's end
As a lower-priced altcoin, DigiByte has massive potential, if only from "dumb money."
But also check out their website -- this is one of the most impressively presented #blockchain projects I've seen, so I have high hopes for DigiByte.
Thanks for reading, and be on the lookout for my next crypto update!
#cryptoupdate #digibyte #dgb #cryptocurrency #altcoin #blockchain
I heard about $DGB before and I don't know much about it. Why would you think this coin is undervalued? Just based on TA?
On a different note, I made a new post with a video and I tried to keep it short following your recommendation. I also selected the 50/50 option for rewards and I noticed how much more I received since $SBD's price is higher than $STEEM. If you ever have time to check it out, it would be helpful as always. Cheers!
Cool! Thanks for your kind words, I'll check it out.
As for DGB, I definitely think it's grossly undervalued -- check out my latest post where I go over the fundamental case for DigiByte -- https://steemit.com/blockchain/@bullishmoney/3-fundamental-reasons-to-buy-digibyte-dgb
Awesome! I'll check it out tomorrow
I have been putting all available money into DGB since December. It is SO undervalued at $0.04 or below. I will keep buying up to $0.20. I think it has potential to go over $1.00 or more. It's a sleeper. Clif High said in his last report that it's one of his picks. His predictive linguistics calls for a "mini mania" over DGB to break out in Spring 2018 and yet again in late 2018. Get ready baby! Choo chooooo! Load the boat.
I'm with you there -- I recently posted my 3 fundamental reasons to buy DGB, which I think you might enjoy -- https://steemit.com/blockchain/@bullishmoney/3-fundamental-reasons-to-buy-digibyte-dgb
I m trading it right now, I feel like this is safe coin for now to trade or invest, as I agree that it is undervalued in terms of price.
Many altcoins have been moving up slowly, or with sharp spikes, but not DGB. So anytime price spike is very possible.