Crypto prices have been on the rise for the past one week. However, in the last 24-hours, bullish momentum seems to have slowed down. Bitcoin (BTC) is hovering, just slightly above $4000 and momentum in most altcoins has reduced too.
Considering that no consolidation has happened since this upside push started, chances are that it may not be sustainable, unless something major happens in the markets, and acts as support to the price. Digibyte (DGB) is already showing signs of weakness, and is down by about 5% in the past 12-hours. But this is crypto, and prices could easily continue with the week’s upside momentum all the way into 2019.
The good thing is that even if prices were to start dumping from this point, the core fundamentals remain strong. Digibyte (DGB), for instance, is still gaining traction in the adoption of its core use cases. For instance, in the payments space, Digibyte is gaining adoption fast. The latest big news in terms of adoption of Digibyte as a payment is by Travela.
Its other use cases are gaining too, especially in the digital authentication space. All this points to the increased adoption of Digibyte (DGB) in the market and the growth of its intrinsic value. This takes off the pressure from the need to anticipate the direction that the price will go in the short-term. If it holds, and continues on its current trajectory, it will be a pointer that bullish sentiment is on the rise.
On the flipside, if it fails and Digibyte (DGB) drops back to last week’s prices, it will simply be an opportunity to buy more, on the basis of Digibyte’s increased intrinsic value. That’s because as long as its fundamental value is growing, the price will ultimately catch up. Digibyte (DGB), like most of the market pumped in 2017, in spite of the fact that adoption was low, and its core attributes were still unknown to many. In essence, Digibyte (DGB) has what it takes to keep growing, irrespective of how random and inconsistent prices may be in the short-term.
On top of that, Digibyte (DGB)’s marketing is getting better. The Digibyte Awareness Team now has a website and has been getting more coordinated in terms of pushing Digibyte (DGB) in the market. The result is that Digibyte (DGB) has made tremendous progress in terms of getting investors interested in Digibyte (DGB). Since marketing has always been one of Digibyte (DGB)’s biggest weaknesses, the fact that it is getting better at it is a good reason to be bullish on Digibyte (DGB) no matter the direction that the market is taking.
In essence, the current market drop could be a good opportunity for investors to load up on Digibyte (DGB). That’s because, once bulls gain real momentum, Digibyte (DGB) will without a doubt make it big in this market. This pump has already shown that recovery could come fast, and push prices to new highs.