As of late there has been a lot of talk about DigiByte (DGB), a lot of which has been purely speculation to this point. Over the first 2 days of June 2017 DigiByte saw an amazing 43% increase in price, which saw it topping it's previous high from May 21st. Now for the new traders/investors who are watching the prices of BTC and other altcoins as often as they can; some of these currencies, DigiByte included, may seem very volatile (don't get me wrong they certainly can be) however in the past month DigiByte alone has seen a whopping increase in value exceeding 1,000%.
In the particular case of DigiByte, there are a few reasons - 3 main ones in my opinion.
Firstly - their integration with Minecraft.
When initially hearing about this I imagined there to be something massive in mind, however the Minecraft integration is a little bit smaller than what most people will be expecting. Basically a DigiByte supporter is starting their own server where users will be able to play the game and earn DigiByte through mining blocks. This should definitely have a positive effect on the value of the coin, but maybe not as much as some investors would have been hoping.
Still a cool little addition however in my opinion!
Secondly - 'Meme Contest'.
The news is that there is some sort of meme contest that is currently taking place over a few different social media platforms. It seems that this is providing more brand exposure than anything for DigiByte, judging by the statistics for the past month I believe that this could have contributed to increased value of their coin.
Lastly - DigiByte Citibank Presentation.
DigiByte may not have won this presentation yet, however it certainly got a lot of people talking about the coin and investing in it (evidently). Again I believe that this would also have been great brand exposure for DigiByte.
Feel free to leave a comment and let me know what you think. Follow me @heff for more.
Thanks for reading.