TO SHINE A LIGHT ON DIGIBYTE (DGB)

THE CURRENT MARKET

As the cryptocurrency market is again about to close in on the 100 Billion $ mark. Today we see almost every single currency up.

DIGIBYTE IN SHORT

DIGIBYTE is one of 15 high supply coins like Ripple, Reddcoin, Bytecoin, Dogecoin, Status, Siacoin etc. which each one´s stakes starting at 1 Billion coins. The highest the coinmarket has seen so far is that of Bytecoin with more than 138 Billion coins.

Image source: https://bitcointalk.org/index.php?topic=408268.0

It is one of numerous decentralised payment methods that claims to have highly secure wallets and aims to be one of the fastest payment methods where you unlike with paypal don´t have to sign up with or pay x amount of transaction fees.

There will be 21 Billion Digibyte mined over the course of 21 years. At least one will see all of them beeing distributed within one lifespan. Actually there are only 18 more years to go as Digibyte already exists since the beginning of 2014.

It also already has a strong partnership with the online battle game LEAGUE OF LEGENDS which does give it a real value. There you can earn it Digibyte to either up your game buy reinvesting or cashing out.

Future outlook on DIGIBYTE investment

Since a high percentage of Steemit.com users are also invested directly or more indirectly through the beforementioned you may have heard of overoptimists saying that they are awaiting the day of DIGIBYTE coins being worth upwards of 1$.

When the market tries to estimate how much capitalization Digibyte would need to reach to get to that level you take the whole coin supply by 1 $ which means DIGIBYTE would need to see a staggering market capitalization of 138 Billion $ . For the time being we saw Bitcoin at its peak having roughly 50 Billion $. That said it doesn´t take to much time to figure out that there have to pass a few more years for the cryptospace to mature to these kind of numbers. Assuming Digibyte up to thispoint remains active up and running we might see these cryptic levels if Bitcoin hits 55.000 $ like it was stated by cnbc here. So far Digibytes ATH was at almost 0.065 cents on the 8th of June 2017 where many currencies set new highs. Currently it is trading at 0.017$ which means it is still a cryptolong way to go.