Digibyte (DGB) and Nano (NANO) are two cryptos that both have the capacity to transform the digital economy. That’s because both are superfast, highly scalable and with some of the lowest transaction fees in the market. These are all attributes that give them a huge potential for mass adoption. But from an investor perspective, which one of the two has better chances of giving higher returns in the long-run? To understand this, it’s best to compare them on a fundamentals basis.
The best starting point of comparison would be on the supply. While the supply of a coin does not necessarily impact on its value, it does matters. A coin with a low supply always has a better chance of growth, when you hold other factors constant. In this case, Nano (Nano)’s supply is lower, which means that demand is chasing a lower number of coins. Nano has a coin supply of 133, 248,290. That’s quite low when you compare it with Digibyte’s circulating supply of 10,411,862,404. In essence, Nano (Nano) has a higher chance of growing in value as compared to Digibyte (DGB). That’s not to say that Digibyte (DGB) won’t grow in value. It’s just that Nano (Nano) stands a higher chance, on the dynamics of demand and supply.
The second important point of comparison between Nano (NANO) and Digibyte (DGB) is in their past performance. While in finance they say that past performance doesn’t determine the future, it wouldn’t hurt to test how the two have performed in the past. In the last one year, Nano (Nano) has gained 99% in value, which is quite impressive, when compared to Digibyte’s 44% in the same period. To make the comparison clearer, let’s compare their performance in the last 6 months, when the entire crypto market has been on a downward trend. If someone held Nano (Nano) consistently for the last 6 months, they would have lost 68% of their money. While that’s a huge percentage, the losses are even higher for Digibyte (DGB). Anyone who has been holding Digibyte (DGB) in the same period has lost 85% of the value of their money. While the reason for the drop is due to the bearish trend of the entire crypto market, Digibyte might have dropped harder due to its higher supply of coins in circulation.
We can, therefore, conclude that on a par-to-par basis, Nano (NANO) is a better investment. However, Digibyte has a good chance of growth too. Part of the reason why Digibyte has lagged behind is due to low publicity. The Digibyte team has mainly focused on the technical aspects of the project and ignored marketing. It is only recently that they have launched the Digibyte (DGB) awareness team. This team’s efforts seem to be bearing fruit since Digibyte is now listed on more exchanges than before. This will help improve its market performance in the long-run.
In essence, it is best to invest in both, since the long-term prospects of both coins are good. Besides, it always pays to diversify your investments.