DigiByte (DGB) is an open source blockchain and asset creation platform. Development began in October 2013, and the original block of the DGB token was mined in January 2014 as a fork of Bitcoin $BTC.
DigiByte, a long-time public blockchain and cryptocurrency, uses five different algorithms to improve security and was originally aimed at improving the security, capacity and transaction speed of the Bitcoin blockchain. DigiByte consists of three layers: an “App Store” smart contract, a public ledger, and a core protocol where nodes communicate to relay transactions.
🛠 What about technical analysis?
The coin has already fallen by -96% from historical highs, so the downside potential here is limited. The coin received support at $0.006 and tested this level three times, failing to break down this level.
⚠️ If BTC drops below the level of $45-50k, the DGB coin may experience a temporary drawdown of up to 50%. But you need to take into account that the coin has been in the “accumulation” stage since May 2022 and the growing trading volume on the global floor is an excellent signal for a medium-term long on the spot with a small volume. It makes no sense to place a stop on a trade, since it can be easily taken away.
💼 Buying DigiByte for a medium-term portfolio.
🔎 Ticker: $DGB
✳️ Entry price: $0.01
🛡 Stop loss: it is better to take a deal without a stop in investment
💼 Volume per transaction: up to 1-2% of the crypto portfolio.
🎯 Objectives:
$0.035 (in the coming months);
$0.073 (until the end of September 2024)
$0.018 (until the end of 2024)
📈 Потенциал роста сделки: до 1200%
Среднесрочный портфель обгонит по доходности любую стратегию трейдинга, поэтому я тщательно собираю портфель. В нем я делаю ставку на крипту, сырье и металлы. Впереди пачка новых идей с большим потенциалом, подпишись 🚀
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