The crypto market continues to bleed with no end in sight. At the time of writing, Bitcoin (BTC) is trading at $3700, with no signals of any major reversal. Simply put, at this point, it is uncertain, where the bottom could be. Things have gotten so bad that crypto projects are beginning to run out of funding for their development needs. The shutdown of the ETCDEV is a good example.
Under these circumstances, the only safe projects are those with an element of real usage in the market. That’s because these projects are to a large extent assured of surviving the bear market, and hitting new heights the moment bullish sentiment comes back to the market.
Digibyte is one of the projects that fall under the category of cryptos that have visible usage in the market. Digibyte features such as Digi-ID are gaining an element of visibility in the market. A few months ago, AntumID announced that were using Digi-ID. They have now taken it a step further and are launching Digi-Zipper. This is a product that aims to replace WinZip. With this feature, it is possible to zip and unzip encrypted files using Digi-ID.
This product will be launched in Q1 of 2019 and could revolutionize the Digibyte blockchain. That’s because WinZip is a widely used tool, and it’s needed in the market. As such, if Digi-Zipper takes over the market, there is a good chance that it will be transformative for Digibyte (DGB). Besides, the cybersecurity market is wide, and it’s growing. This use case makes Digibyte (DGB) a relatively safe bet, in spite of the bear market threatening the very existence of most cryptocurrencies. With a use case in such a high demand market, Digibyte (DGB) will make it through the bear market and come out bigger.
On top of that, Digibyte (DGB) is supported by the fact that it is quite efficient as a currency. Digibyte (DGB) is one of the few decentralized cryptocurrencies that are practical for use as currencies. That’s because Digibyte is fast and has some of the lowest transaction costs in crypto. Most of the projects that can match Digibyte (DGB) on this front have some element of centralization to them.
This gives Digibyte (DGB) an element of longevity in the market. That’s because, anyone looking to transfer money using crypto would be looking for three things: Speed, Cost, and Security. While there are many other cryptos that can offer the first two, Digibyte (DGB) is the best when it comes to security. Not only is the Digibyte (DGB) blockchain unbreakable, it is also trustless and cannot be censored. This security aspect to it makes Digibyte (DGB) a high-value blockchain that has what it takes to take the top spot.
With such a potential for adoption, Digibyte (DGB) has what it takes to rise in value in the long-run. As more features like DigiZipper come up, Digibyte’s position in the market will rise. One of the most promising ones is Digiassets, which will enable companies to build on top of the Digibyte blockchain.