Coin of the day id DigiByte
DigiByte refers to the type of cryptocurrency that is developed to provide an alternative to bitcoin; the creators try to improve or correct the shortcomings of bitcoin.
DigiByte’s supporters call DGB coin a sleeping giant of cryptocurrency. The coin exists more than four years now. Founded in 2014, it’s part of the older class of cryptocurrency projects, focusing on improving security, decentralization, and speed.
Jared Tate developed DigiByte in 2013 and launched the genesis block in January 2014. At the time, DigiByte was one of only a handful of public blockchain projects. It launched without an initial token sale and with little fanfare. Since then, funding for the project has come through donations to the DigiByte foundation. It’s also reasonable to assume that Tate and others involved in the project hold a significant amount of DGB (the DigiByte coin) from mining and initial transactions.
Technicals
DGBBTC confirmed a rebound pattern on 12.04.2018 by piercing through the 100-days EMA. Since then the coin showed a solid uptrend pattern, holding above Bullish Trend Line. Recent attempt to hold above 0.000005 failed, and coin rolled back, but found support on the Bullish Trend Line and now testing 0.000005 again. Update of the past peak at 0.00000525 will confirm the breakthrough and send the coin to the next resistance, allegedly on the 38,2% Fibo level 0.000055 or higher to the 0.000006. Bullish Trend Line should stay strong to confirm the bullish scenario. Break below the 100-days EMA will dismiss the Bullish scenario.
DigiByte refers to the type of cryptocurrency that is developed to provide an alternative to bitcoin; the creators try to improve or correct the shortcomings of bitcoin.
DigiByte’s supporters call DGB coin a sleeping giant of cryptocurrency. The coin exists more than four years now. Founded in 2014, it’s part of the older class of cryptocurrency projects, focusing on improving security, decentralization, and speed.
Jared Tate developed DigiByte in 2013 and launched the genesis block in January 2014. At the time, DigiByte was one of only a handful of public blockchain projects. It launched without an initial token sale and with little fanfare. Since then, funding for the project has come through donations to the DigiByte foundation. It’s also reasonable to assume that Tate and others involved in the project hold a significant amount of DGB (the DigiByte coin) from mining and initial transactions.
Technicals
DGBBTC confirmed a rebound pattern on 12.04.2018 by piercing through the 100-days EMA. Since then the coin showed a solid uptrend pattern, holding above Bullish Trend Line. Recent attempt to hold above 0.000005 failed, and coin rolled back, but found support on the Bullish Trend Line and now testing 0.000005 again. Update of the past peak at 0.00000525 will confirm the breakthrough and send the coin to the next resistance, allegedly on the 38,2% Fibo level 0.000055 or higher to the 0.000006. Bullish Trend Line should stay strong to confirm the bullish scenario. Break below the 100-days EMA will dismiss the Bullish scenario.
