It’s another sluggish day for crypto, but cryptos that have upcoming news are showing some strength. For instance, Cardano (ADA) is showing strength at the moment as investors anticipate the Shelley release. As for Digibyte (DGB), there is likelihood that it could start showing strength in April due to the upcoming Digibyte summit on the 19th of April to be held in Amsterdam. There are a number of factors that are likely to drive excitement around this event.
For starters, the community will be looking forward to some news about Digiassets. Sometime back, Jared Tate hinted on the idea of Digiassets, and the community will be looking forward to more concrete details about it during this summit. It will even be more interesting if there are major institutions that could be taking an interest in Digiassets.
Since this is one aspect to Digibyte (DGB) that has the potential to impact on multiple industries including the finance industry, the anticipation around it will play a role in driving up the value of Digibyte (DGB). If any positive announcements are made with regards to Digiassets, demand could rise, and drive up the value significantly.
On top of that, the Digibyte community will be looking forward to more information on the progress of DigiID, another key growth area for Digibyte. So far DigiID has been adopted by AntumID, a European identity authentication organization. The community will be looking to learn and engage more on how to grow DigiID and push it to the next level. This is likely to drive interest in Digibyte (DGB) as the event approaches.
Beyond the anticipation of technical advancements, Digibyte (DGB) could gain traction due to the publicity that this event will receive, as D-Day approaches. Two days ago, Yahoo Finance, a major publication in the finance world touched on this event. There are lots of people who trust the mainstream media, and when such an event is highlighted, it adds to its profile. In essence, as this event approaches, and it gets more attention, it could create FOMO going into the month of April.
If the event comes at a time the entire market is on the rise, Digibyte could pump hard. In essence, current prices make for a good time to take positions in Digibyte (DGB) in anticipation of a probable price pump. Digibyte (DGB) is trading at a massive discount and a pump would give a good profit to speculators.
Beyond the upcoming summit, there is so much for Digibyte (DGB) investors to look forward to. This is one of the most decentralized cryptos in the market, and as decentralization takes root in most aspects of society, Digibyte (DGB) will be huge. Financial institutions, social media, and other internet companies could leverage the power of Digibyte (DGB) to thrive on the decentralized web. Organizations like AntumID are already leading the way on this front, and will play a role in revolutionizing Digibyte.