Digibyte has hit this channel multiple times, each time has shown massive growth.
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If you had drawn this channel back in May of 2016, you could have predicted Digibytes run to $0.06 and then it's next run to $0.13.
I'm making a prediction, that if this current pattern is followed, depending on when Digibyte starts to take off, we can see massive gains for Digibyte. With an unbelievable price tag of around $150 and then $300 before another major correction.
Again, it all depends on when Digibyte takes off, the longer it consolidates, the higher the gains.
By the way I found this idea pretty interesting. Not because $150 but because there seems to be some technical confluence zones what blows some more sense to this vision.
When I made this chart, I didn't make it with a $150 price tag in mind. I made the chart and it just so happens to hit around that price.
Some people will make charts based off a preconceived price they think it can or should reach. I think this is a wrong approach you have to let the chart speak for itself. No matter how ridiculously the price might look.
Yes, I thought the same thing to, even just reaching $5 - $10, but the chart shows differently. The possibility is there. Especially if Bitcoin reaches $1,000,000.
DGB has a supply ratio of 1000:1 compared to BTC.
BTC quite often, has been a million times greater in value than DGB, at point it was only 129,000 times greater. I belive one day, will see BTC 1000x greater than DGB price.
So if BTC is at 1,000,000 then DGB could be at $1000. Which would put it's market cap a little higher than Gold.
jamm2781
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@BeingCryptic, i can see that happening. Within the next 5 years
jamm2781
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Jamm2781. What do you think LTC should be since they compare it to bitecoin little brother. Is it 1.5 to 2 % of whatever BTC price is at the time?
I haven't done much analysis, but I can take a look for you. It's supply is small, so going to $10,000 or above is not unlikely, but I would need to do an in-depth analysis.