Yesterday, Bitfinex announced the listing of Digibyte (DGB) and it pumped the price of this crypto, for the first time in a while. Bitfinex being one of the world’s largest exchanges is a crown jewel to the efforts of the Digibyte (DGB) awareness team and the entire Digibyte community in 2018. It also makes up for the frustration that the community has endured after getting skipped by Binance and Coinbase, two major exchanges that have bypassed Digibyte all through this year, irrespective of the community’s efforts to list on them. But even without these two, the Bitfinex listing will be pivotal to the growth of Digibyte in 2019.
First, the awareness it has created will drive up more demand for Digibyte (DGB) in 2019. That’s because Bitfinex accounts for a significant volume all the crypto traded on exchanges. With Digibyte trading on it, lots of investors who hitherto this listing were not aware of Digibyte (DGB) will research on it a bit more, and it’s a project that is easy to like. Anyone looking at Digibyte (DGB) for the first time would quickly realize that it is more like bitcoin 2.0, more like the better version of bitcoin (BTC).
Features like true decentralization, on-chain scalability, unrivaled security, and low transaction costs make Digibyte very attractive as an investment. As more of Bitfinex investors get to learn of these features, many will FOMO into it. It’s incomparable to most of the coins that trade on Bitfinex that can’t match its fundamentals. This is a factor that could play a role in creating FOMO around Digibyte (DGB) going into 2019 and help push up market cap ranks.
Secondly, it could be a trigger for other exchanges to start listing it as well. If by trading on Bitfinex, Digibyte rises higher in ranking and gets more investor attention, more exchanges could start listing it as well. Exchanges are businesses and if Digibyte (DGB) has high demand, then they would list for their own benefits. That’s because with high volumes, an exchange can earn more from transaction fees. As such, if the excitement that Digibyte (DGB) has created in the market continues, then investors can expect more high profile exchanges to list this coin in 2019. It places Digibyte (DGB) in a good position to grow in 2019.
Of course one cannot discount the efforts of the Digibyte (DGB) awareness team in pushing Digibyte (DGB) not just into the exchanges, but to merchants as well. In 2018 the number of merchants accepting Digibyte (DGB) has increased, mostly in Venezuela. This is all thanks to the charity works of the Digibyte (DGB) awareness team. Since DGBAT’s efforts are only getting better, it follows that Digibyte (DGB) could gain more adoption by merchants in 2019.
Everything points to a good 2019 for Digibyte (DGB) going into 2019. Bitfinex could have triggered the momentum, one that could see Digibyte (DGB) close 2019 in the top 10. It has the fundamentals to push it to this level, and possibly take it back to its all-time highs, or even higher. 2019 could be an interesting year for Digibyte and crypto in general.