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DigiByte (DGB) Price Prediction 2022 – Will DGB Hit $0.1 Soon?

DigiByte (DGB) Price Prediction 2022 – Will DGB Hit $0.1 Soon?

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  • The rising DGB price forecast is $0.01787 to $0.04118.
  • The DGB price will also rise to $0.1 soon.
  • DGB’s bearish market price forecast for 2022 is $0.00820.

In DigiByte (DGB) Price Predictions 2022, we use statistics, price patterns, RSI, RVOL and other DGB data to analyze the future movement of the cryptocurrency.

DigiByte (DGB) Current Market Status

According to CoinGecko, DigiByte (DGB) is trading at $0.01046723 with a 24-hour trading volume of $4,065,782 at the time of writing. However, DGB has fallen to 1.6% in the last 24 hours.

Additionally, DigiByte (DGB) offers 15,618,745,709 DGB. DGB currently trades on cryptocurrency exchanges such as Binance, OKX, Bybit, DigiFinex and KuCoin.

What is DigiByte (DGB)?

DigiByte (DGB) is an open source blockchain and resource creation platform. The DGB token was created in January 2014 as a fork of Bitcoin (BTC). DigiByte uses five different algorithms to improve security, and the main goal is to improve the security, capacity and transaction speed of the Bitcoin blockchain. DGB is a proof-of-work (PoW) cryptocurrency, and miners earn tokens for validating blocks through block rewards

DigiByte (DGB) Price Prediction 2022

DigiByte (DGB) is currently ranked #192 on CoinGecko. DGB Price Forecast 2022 is explained below week by week.

DGB/USDT Horizontal Channel Model (Source: Trading view)

A horizontal channel or lateral orientation looks like a rectangle pattern. It consists of at least four connection points. This is because it needs at least two low values ​​to connect, plus two high values. The buying and selling pressures are the same, and the prevailing direction of the price movement is sideways. Horizontal channels provide a clear and systematic way to trade by providing buy and sell points. When the price hits the top of the channel, sell your existing long position or take a short position. The difference between the other two is that the horizontal channel has the same ups and downs.

Currently, DigiByte (DGB) is at $0.01046723. If the pattern continues, DGB price may reach the resistance levels of $0.01094, $0.01371 and $0.02126. If the trend reverses, the price of DGB may drop to $0.00857.

DigiByte (DGB) Support and Resistance Levels

The table below shows support and resistance levels for DigiByte (DGB).

DGB/USDT support and resistance level (Source: Trading view )

From the daily time frame above, we can clearly interpret the following as resistance and support levels for DigiByte (DGB).

Resistance level 1 $0.01787
Resistance level 2 $0.02765
Resistance level 3 $0.04118
Support level 1 $0.01195
Support level 2 $0.00820
DGB resistance and support level

The charts show that DGB has risen over the past month. If this trend continues, DGB may go along with the bulls that will pass its resistance level at $0.04118.

Thus, if investors turn against the crypto, the price of DGB may drop to close to $0.00820, which is a bearish signal.

DigiByte (DGB) Price Prediction 2022 — RVOL, MA and RSI

DigiByte (DGB) relative volume (RVOL) is shown in the table below. It is an indication of how the current trading volume has changed over a period of time from previous trader volume. Currently, DGB’s RVOL is below the cutoff line, indicating weak participants in the current trend.

Additionally, the moving average (MA) of Digibyte (DGB) is shown in the table above. In particular, the DGB price is slightly below 50 MA (short-term), so it is in a downtrend. Currently, DGB is in a declining state. A reversal of the DGB trend is possible at any time.

Meanwhile, DGB’s relative strength index (RSI) is at the level of 47. This means that DGB is almost in oversold condition. However, this gives traders the confidence to trade without fear.

DigiByte (DGB) Price Prediction 2022 — ADX, RVI

Now let’s take a look at the Average Directional Index (ADX) of DigiByte (DGB). It helps measure the overall strength of the trend. The indicator is the average of the values ​​of the expanding Price Category. This system tries to measure the strength of price movement in positive and negative direction using DMI indicators with ADX.

The chart above represents the ADX of DigiByte (DGB). Currently, DGB is in the area of ​​28.73502, indicating a very strong trend.

The chart above shows DigiByte (DGB) Relative Volatility Index (RVI). The RVI measures the continuous deviation of price changes over a period of time rather than price changes. DGB’s RVI is above 50, indicating higher volatility. In fact, DGB’s RSI is 47, confirming a potential buy signal.

Comparison of DGB to BTC, ETH

The chart below shows a price comparison between Bitcoin, Ethereum and DigiByte (DGB).

BTC vs ETH vs DGB price comparison (Source: Trading view )

From the chart above, we can interpret that ETH, BTC and DGB are moving in a similar trend. This shows that when the price of BTC goes up or down, the price of ETH and DGB will also go up or down accordingly.

DigiByte (DGB) Price Prediction 2023

If the bearish price action slows down completely and the trend reverses, DigiByte (DGB) may reach $0.7 by 2023.

DigiByte (DGB) Price Prediction 2024

With several updates online, DigiByte (DGB) may move into an uptrend. If the coin catches the attention of large investors, DGB could reach $1 by 2024.

DigiByte (DGB) Price Prediction 2025

If DigiByte (DGB) maintains high resistance levels and continues to be recognized as a better investment option among investors for the next three years, DGB will rise to $1.8.

DigiByte (DGB) Price Prediction 2026

If DigiByte (DGB) maintains major resistance levels and continues to be recognized as a better investment option among investors for the next four years, DGB will rise to $2.4.

DigiByte (DGB) Price Prediction 2027

If DigiByte (DGB) maintains high resistance levels and continues to be recognized as a better investment option among investors over the next five years, DGB will rise to $3.

DigiByte (DGB) Price Prediction 2028

If DigiByte (DGB) maintains a strong position as a better investment option for the next six years, it could see significant price rallies. Thus, by 2028, DGB would reach $3.5.

DigiByte (DGB) Price Prediction 2029

If investors pile in and continue to stake DigiByte (DGB), it would see major spikes. DGB may rise to $4.2 by 2029.

DigiByte (DGB) Price Prediction 2030

With greater progress in the DigiByte ecosystem, the crypto community may continue to invest in DigiByte (DGB) for the next 8 years and cause significant price rallies for the token. Thus, DigiByte (DGB) may reach $5 by 2030.

Conclusion

With the continuous improvement of the DigiByte network, it can be said that 2022 will be a good year for DGB. Hence, the rising price forecast for DigiByte (DGB) in 2022 is $0.04118. On the other hand, DigiByte (DGB) bearish price prediction for 2022 is $0.00820.

In addition, with the progress and upgrades of DigiByteecosystem, DigiByte (DGB) performance may rise to $0.1, which will attract investors’ attention. It would also rise above the all-time high (ATH) of $0.178084 on DGBfuture.

FAQ

1. What is DigiByte?

DigiByte is a highly scalable peer-to-peer digital currency that enables industry-leading transaction speeds at extremely low prices.

2. Where can you buy DGB?

DGB is listed on many crypto exchanges such as Binance, OKX, Upbit, Bybit and DigiFinex.

3. Will DGB hit a new ATH soon?

Due to the continuous development and updates of the DGB platform, it has a great chance to reach ATH soon.

4. What is DigiByte’s All Time High (ATH) currently?

On May 1, 2021, DGB reached a new all-time high (ATH) of $0.178084.

5. Is DGB a good investment in 2022?

DigiByte (DGB) seems to be one of the most rising cryptocurrencies this year. Based on DGB’s performance in recent months, DGB is considered a good investment in 2022.

6. Can DigiByte (DGB) Reach $0.1?

DigiByte (DGB) is one of the active cryptos that continues to rise. Finally, if this uptrend continues, DigiByte (DGB) will soon reach $0.1.

7. What will be the price of DGB by 2023?

The price of DigiByte (DGB) is expected to reach $0.7 by 2023.

8. What will be the price of DGB by 2024?

The price of DigiByte (DGB) is expected to reach $1 by 2024.

9. What will the price of DGB be by 2025?

The price of DigiByte (DGB) is expected to rise to $1.8 by 2025.

10. What will be the price of DGB by 2026?

The price of DigiByte (DGB) is expected to rise to $2.4 by 2026.

Disclaimer: The opinion expressed in this chart is solely the author’s. It is not interpreted as investment advice. The NewsCrypto team encourages everyone to do their own research before investing.

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