The recent bitcoin hash wars and the ensuing crash have left the crypto market in a very bad state. By hitting lows that were thought unlikely in 2018, it has increased fear in new investors looking to enter the market, given that the market was already weak for the better part of the year. This could slow down the duration it takes for the market to turn bullish.
On the bright side, it could actually be an opportunity for good cryptos, which were hitherto lost in a sea of low-quality coins, to shine. That’s because, anyone looking to invest in crypto at this point, especially institutional investors will be looking for something a little deeper than just blockchain hype. As such, there is a good chance that low-quality cryptos are probably not coming back, and volumes will be concentrated in a few good coins in the future. One crypto that is well placed to draw in higher levels of investments in the future is Digibyte (DGB). Digibyte (DGB) is an all-rounded crypto that has a competitive advantage in all its use cases as can be seen below.
Digibyte is one of the best cryptos out there for payments. That’s because Digibyte transactions are some of the fastest and cheapest in crypto. Once people start using cryptocurrencies at scale, they will not care about most of the things that crypto insiders care about. For the average Joe using cryptos for payments, their main concern would be cost, speed, and security.
This gives Digibyte an edge in the market because on top of being extremely fast and low cost, it is also one of the most secure cryptocurrencies in the market. It is secured by 5 mining algorithm, which makes the Digibyte (DGB) blockchain impenetrable, and impossible to do a 51% attack on. As users learn about these capabilities of the Digibyte (DGB) blockchain, its utility value in the market will rise as well, and so will its position in market cap rankings.
Just like in payments, Digibyte has an edge in the cybersecurity market. That’s because, on top of its unbreakable nature, Digibyte’s cybersecurity features like Digi-ID are free. Digi-ID is one of the most advanced cyber security tools in the market. It allows for authentication without the need for passwords or usernames, which eliminates any chances of getting hacked. With the increased cases of cyber-attacks, a powerful, yet free tool like Digi-ID stands to gain wide adoption in the future, and drive up the value of this crypto.
With such a competitive edge in multiple use cases, there is no doubt that Digibyte is a highly underrated crypto, whose value in the market will be revealed by this crash for its fundamentals. Of course, the fact that Digibyte (DGB) adheres to Satoshi Nakamoto’s vision of decentralization is a major plus for Digibyte (DGB). It’s truly decentralized nature makes it very attractive to investors looking to avoid the risks that come with ICOs, given that many of them have failed terribly in 2018.