-The Current Hike is due to rumors of it listing on Binance. ( 'N' number of people have been rekt in This Binance listing Hypes)
-Highly Speculated Coin : There are even Telegram groups for its speculation : @DGBwaves & @DGB_Speculation
That being said I am entering this trade upto 50 Sat. You can still wait for this Binance Hype to be over but for me High Risk Yields High Return !
For Lazy or To the point readers :
Long : 0.0000050 or Below ( Step buy orders Downside )
Take Profit : Step short orders
T1 : 0.0000054
T2 : 0.0000058
T3 : 0.0000064
T4 : 0.0000070++
SL : 0.0000040 ( Risk Apetite : Normal )
0.0000025 ( Risk Apetite : High )
Keep Raising your SL at 3-5% with the increase in Price.
Risk : Medium
Term : Short / Mid ( Depending on the Total Market )
Invest : 8% or Less of Your Portfolio
Warning Again : This is not a safe investment looking at the current indecisive market. The current atm technical indiactors are but do not rely them on much. Invest only if you have good risk apetite.
Why Are you suggesting for this trade then ?
- Highly Speculated
- Hard fork 21 June
- Artis Tumba Listing 30 June
- Somewhere Keynote Speaker 12 July ( Irrelevant Factor )
Spikes & Crashes in Price
As with all cryptocurrency, DigiByte’s price has been volatile recently. Up until 2017, it’s price remained relatively constant, with only slight growth. However, 2017 and 2018 saw a series of spikes and crashes for DGB .
A June 2017 spike came when DigiByte hinted at an impending announcement on Twitter . Investors looking to make money off the announcement quickly bought into DigiByte. This pumped the price. However, the announcement didn’t come for several more days. It introduced a new wallet and a few added features. By the time of the announcement, the price of DGB had already collapsed to near pre-announcement levels.
Digibyte’s price spiked again in December 2017-January 2018. John McAfee , a popular crypto-investor, tweeted about DigiByte as a company worth watching. The resulting December spike carried into the new year. But, it eventually collapsed along with the rest of the crypto market in the correction of January 2018.
Future of Digibyte
Traction is the name of the game for DigiByte. So far in its four-year history, it hasn’t gotten much. 100,000 nodes is a respectable network size for an alternative currency. However, DigiByte is a relatively old currency, and it has had opportunities to gain massive support with the right messaging and public relations.
DigiByte is currently gaining traction in gaming community. An offshoot of DigiByte, DigiByte Gaming, offers DGB to gamers in exchange for time spent playing certain games.
Tate, the CEO, has promised to focus on public outreach and the DigiByte Foundation this year. At this point, gaining greater adoption is the largest challenge facing the project. DigiByte’s fate hangs in the balance. It could take off as a leader in speed, scalability, and security; or it could languish in continued relative obscurity.