The crypto bear is still on the prowl, as bitcoin (BTC) seems to be struggling at $4K. Given the highly speculative nature of cryptocurrencies, no one can tell for sure how low the market can go, or for how long. Under these circumstances, the best cryptos to go for are those with the highest chance of surviving a prolonged bear market. That’s the biggest risk at this point, not the price. That’s because prices are down across the market unless one is holding a stable coin. Using the ability to survive a multi-year bear run, then Digibyte (DGB) stands as one of the coins that could hold up quite well, and move up rankings as weak coins fall off.
One of the reasons why Digibyte (DGB) will survive is that there is no central entity behind it. This means that there is no entity that can go bankrupt and take the market down with it. The presence of centralized entities behind most cryptocurrencies means that if the bear market persists, then they will go bust. When the central entity behind a token dies, then there is a high chance that the token will die with it. For decentralized cryptos like Digibyte (DGB), this risk is not there. The bear market can persist for a year or more and it will continue to exist and function as it is meant to function. This ability to survive in itself is value for Digibyte (DGB).
On top of that, if the bear market continues to persist, some centralized crypto entities might start misusing their funds, by either outrightly taking money and exiting the market or selling to invest in none crypto related ventures. This has happened a number of times this year, where project founders have sold and move to real estate or into other non-crypto investments. Of course, this is in a bid to protect themselves from further taking a hit from the downturn. The result? Dumping on investors or an end to the coin’s technical development, which further impairs long-term development. Community-driven, trustless coins like Digibyte (DGB) don’t have this risk.
With coins like Digibyte (DGB), the only risks that investors have to deal with is the risk of low rates of adoption. On this front too, Digibyte (DGB)’s risks are relatively low too. That’s because it has got the tech right. It is fast, scalable, and is one of the most secure blockchains in the market. This places it in a good position for mass adoption the moment blockchain goes mainstream, and this is already happening. The number of institutions adopting blockchain technology is on the rise, and it’s happening across industries.
As such, for cryptos that can survive the bear, good times lie ahead. This is the beginning of a major disruption, and blockchain will shape industry for years to come. Digibyte is already gaining adoption in cybersecurity, and momentum is picking up. Once Digiassets become a reality, world-changing applications will be building on top of the secure Digibyte (DGB) blockchain.