Things have not been looking good for Digibyte in the last few weeks. While the entire market has been spiraling downwards, Digibyte (DGB) seems to have taken a bigger hit and has dropped below $0.02. However, today, Digibyte is making minor gains, after holding at $0.019 for some days. It has also moved up one position on Coin market cap to trade at position 38. This could be an indicator that the worst is over for Digibyte (DGB). If it continues with this momentum, it could regain its position back in the top 20. There are a number of factors that point to a possible increase in the price of Digibyte both in the short-term and in the long-run.
One of the key factors that could play a role in pushing up the value of Digibyte (DGB) is its growing use case. Recently, Jared Tate hinted at the possibility of businesses building on top of the Digibyte (DGB) blockchain, on the basis of its strong security features. Once this picks up, it could play a huge role in pushing up the demand for Digibyte (DGB) in the near future.
Another emerging use case for Digibyte (DGB) is in mobile-based payments. The biggest news around Digibyte (DGB) with regards to this use case, is with regards to Digicafe. This is a Digibyte (DGB) based point-of-sale web application. Through this application, users can make Digibyte-based payments at close to zero fees.
The user only gets to pay the Digibyte (DGB) network fee, which is one of the lowest in the crypto ecosystem. Considering the convenience and security that Digicafe will give to users, it could play a huge role in driving up DGB demand, and completely change the trajectory of the Digibyte blockchain. With the right marketing, DigiCafe could transform Digibyte (DGB) into a crypto for everyday conveniences such as paying for coffee. This is a use case that could push Digibyte (DGB) into the top 20. Digibyte (DGB) has the team and the community to see Digicafe become a success. For instance, the Digibyte awareness team has been quite proactive in pushing for Digibyte (DGB) adoption in the last few months. That’s an indicator that they are quite capable of pushing Digicafe in the market.
Digibyte (DGB)’s long-term value is also supported by the fact that its other use cases are growing. For instance, Digibyte’s use case in cybersecurity is already gaining traction in the market. The partnerships with Antum and V-ID are working quite well, and they will play a role in opening up the adoption of Digibyte (DGB) as a cybersecurity tool by other companies as well.
As all these use cases take shape, Digibyte (DGB)’s demand in the market will pick up as well. This makes the possibility of Digibyte (DGB) having hit the bottom quite plausible. It also means that at current prices, Digibyte (DGB) is a low-risk investment, one that stands a good chance of rising past its all-time highs in the future. The possibility of Digibyte (DGB) hitting $1 in the future is quite high.