Digibyte (DGB) may not be moving much in price, but big things are happening in the background. For instance, after Digiassets were announced last year, testing is going on smoothly. This is according to a Digibyte tweet, where they demonstrate the launching of an asset on top of the Digibyte blockchain.
This means that what started out as an idea is now becoming reality, and it’s a big deal for Digibyte (DGB). That’s because, of all the platform blockchains in the market today, none of them can rival Digibyte (DGB) in terms of technical capabilities. After the testing phase is over, Digibyte could easily become the go-to platform for anyone looking to launch a security token. There are a number of factors that give Digibyte an edge in this market.
For starters, the Digibyte blockchain is one of the most decentralized out there, which also makes it one of the most secure. This means that anyone looking to launch an asset on the Digibyte blockchain can bank on its security. The result is that Digibyte (DGB) is likely to attract reputable companies looking to launch assets on the blockchain. This could see the value of this Digibyte (DGB) rise significantly, based on the forces of demand and demand. ICOs made Ethereum (ETH) huge in 2017, and as they die out and STOs take over, Digibyte (DGB) could go big.
Then there is the fact that Digibyte (DGB) cannot be censured. By extension, this means that any assets launched on top of it cannot be censored. This is a big deal because, it gives Dapps developers the leeway to launch applications that cannot be shut down on flimsy grounds. Freedom-lovers will have a field day launching applications on the Digibyte blockchain, and the result will be an increase in the demand of the Digibyte blockchain.
Digibyte is also one of the most scalable blockchains in this market, and it will only get better over time. This means that any assets launched on the Digibyte blockchain can be used at scale, without any problems. This means that any serious application targeted at a wide audience would find it easy to launch on the Digibyte blockchain. In fact, this could be the biggest driver to the adoption of Digiassets. That’s because, without the ability to scale, it will be difficult for decentralized applications to ever compete with centralized applications.
In essence, the launch of Digiassets increases the chances of Digibyte (DGB) making it big in this market. It drives up the probability of Digibyte rising to $1 or more. There are lots of coins out there with a far higher supply than DGB that hit a dollar in the 2017 rally. Therefore, with its ever strengthening fundamentals, chances of Digibyte hitting this price, or even higher are quite strong. Therefore, at its current price, Digibyte (DGB) is one of the most undervalued cryptos in the market. The future looks good for this coin.