- Bullish DGB price prediction is $0.01791 to $0.04097.
- The DGB price will also reach $0.1 soon.
- DGB bearish market price prediction for 2022 is $0.00816.
In DigiByte (DGB) price prediction 2022, we use statistics, price patterns, RSI, RVOL, and other DGB information to analyze the cryptocurrency’s future movement.
DigiByte (DGB) Current Market Status
According to CoinGecko, the price of DigiByte (DGB) is $0.01348537 with a 24-hour trading volume of $12,601,149 at the time of writing. However, DGB has decreased to 0.4% in the last 24 hours.
Moreover, DigiByte (DGB) has a circulating supply of 15,565,124,180 DGB. Currently, DGB trades in cryptocurrency exchanges such as Binance, OKX, Bybit, DigiFinex, and KuCoin.
What is DigiByte (DGB)?
DigiByte (DGB) is an open-source blockchain and asset creation platform. DGB token is created in January 2014 as a fork of Bitcoin (BTC). DigiByte uses five different algorithms to improve security, and the main aim is to improve the Bitcoin blockchain’s security, capacity, and transaction speed. 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) holds the 185th position on CoinGecko right now. DGB price prediction 2022 is explained below with a weekly time frame.
<embed>https://www.tradingview.com/x/ZDlOH7NN/</embed>
DGB/USDT Horizontal Channel Pattern (Source: Tradingview)
A horizontal channel or sideways trend has the appearance of a rectangle pattern. It consists of at least four contact points. This is because it needs at least two lows to connect, as well as two highs. Buying and selling pressure is equal, and the prevailing direction of price action 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 a horizontal channel is characterized as having equal highs and lows.
Currently, DigiByte (DGB) is at $0.01348537. If the pattern continues, the price of DGB might reach the resistance level of $0.01368, and $0.02127. If the trend reverses, then the price of DGB may fall to $0.01073, & $0.00852.
DigiByte (DGB) Support and Resistance Levels
The chart below shows the support and resistance levels of DigiByte (DGB) .
From the above daily time frame, we can clearly interpret the following as the resistance and support levels of DigiByte (DGB) .
| Resistance Level 1 | $0.01791 |
| Resistance Level 2 | $0.02779 |
| Resistance Level 3 | $0.04097 |
| Support Level 1 | $0.01192 |
| Support Level 2 | $0.00816 |
The charts show that DGB has performed a bullish trend over the past month. If this trend continues, DGB might run along with the bulls overtaking its resistance level at $0.04097.
Accordingly, if the investors turn against the crypto, the price of the DGB might plummet to almost $0.00816, a bearish signal.
The Relative Volume (RVOL) of the DigiByte (DGB) is shown in the below chart. It is an indicator of how the current trading volume has changed over a period of time from the previous volume for traders. Currently, the RVOL of DGB lies below the cutoff line, indicating weak participants in the current trend.
Moreover, the Moving Average (MA) of the DigiByte (DGB) is shown in the above chart. Notably, the DGB price slightly lies above 50 MA (short-term), so it is in an upward trend. Currently, DGB is in a bullish state. There is a possibility of a reversal trend of DGB at any time.
Meanwhile, the relative strength index (RSI) of the DGB is at a level of 67.17. This means that DGB is in a nearly overbought state. However, this gives confidence to the traders to trade without any fear.
DigiByte (DGB) Price Prediction 2022 — ADX, RVI
Let us now look Average Directional Index (ADX) of DigiByte (DGB) . It helps to measure the overall strength of the trend. The indicator is the average of the expanding price range values. This system attempts to measure the strength of price movement in the positive and negative directions using DMI indicators with ADX.
The above chart represents the ADX of the DigiByte (DGB). Currently, DGB lies in the range of 56.48978, indicating a very strong trend.
From the above chart, the Relative Volatility Index (RVI) of DigiByte (DGB). RVI measures the constant deviation of price changes over a period of time rather than price changes. The RVI of DGB lies above 50, indicating higher volatility. In fact, DGB’s RSI is at 67.17, thus confirming a potential buy signal.
Comparison of DGB with BTC, ETH
The below chart shows the price comparison between Bitcoin, Ethereum, and DigiByte (DGB) .
From the above chart, we can interpret ETH, BTC, and DGB are moving in a similar trend. This indicates that when the price of BTC increases or decreases, the price of ETH and DGB also increase or decrease respectively.
DigiByte (DGB) Price Prediction 2023
If the declining price action completely slows down in momentum and the trend reverses, DigiByte (DGB) might probably attain $0.7 by 2023.
DigiByte (DGB) Price Prediction 2024
With several upgrades in the network, DigiByte (DGB) might enter a bullish trajectory. If the coin grabs the attention of major investors, DGB might rally to hit $1 by 2024.
DigiByte (DGB) Price Prediction 2025
If DigiByte (DGB) sustains major resistance levels and continues to be recognized as a better investment option among investors for the next 3 years, DGB would rally to hit $1.8.
DigiByte (DGB) Price Prediction 2026
If DigiByte (DGB) sustains major resistance levels and continues to be recognized as a better investment option among investors for the next 4 years, DGB would rally to hit $2.4.
DigiByte (DGB) Price Prediction 2027
If DigiByte (DGB) sustains major resistance levels and continues to be recognized as a better investment option among investors for the next 5 years, DGB would rally to hit $3
DigiByte (DGB) Price Prediction 2028
If DigiByte (DGB) holds up a strong stance as a better investment option for the next 6 years, it might witness significant price rallies. Thus, by 2028, DGB would hit $3.5.
DigiByte (DGB) Price Prediction 2029
If investors flock in and continue to place their bets on DigiByte (DGB) , it would witness major spikes. DGB might hit $4.2 by 2029.
DigiByte (DGB) Price Prediction 2030
With greater advancements in the DigiByte ecosystem, the crypto community might continue to invest in DigiByte (DGB) for the next 8 years and drive significant price rallies for the token. Hence, DigiByte (DGB) might hit $5 by 2030.
Conclusion
With continuous improvements in the DigiByte network, we can say that 2022 is a good year for DGB. For this reason, the bullish price prediction of DigiByte (DGB) in 2022 is $0.04097. On the other hand, the bearish price prediction of DigiByte (DGB) for 2022 is $0.00816.
Furthermore, with the advancements and upgrades in the DigiByteecosystem, the performance of DigiByte (DGB) might hit $0.1 gaining investors’ attention. It would also rise to reach above its all-time high (ATH) of $0.178084 in the near future.
FAQ
DigiByte is a highly scalable peer-to-peer digital currency that enables the leading transaction speeds in the industry at very low rates.
DGB has listed on many crypto exchanges which include Binance, OKX, Upbit, Bybit, and DigiFinex.
With the ongoing developments and upgrades within the DGB platform, it has a high possibility of reaching its ATH soon.
On May 01, 2021, DGB reached its new all-time high (ATH) of $0.178084.
DigiByte (DGB) seems to be one of the top-gaining cryptocurrencies this year. According to the recorded achievements of DGB in the past few months, DGB is considered a good investment in 2022.
DigiByte (DGB) is one of the active cryptos that continues to maintain its Bullish state. Eventually, if this bullish trend continues then DigiByte (DGB) will hit $0.1 soon.
DigiByte (DGB) price is expected to reach $0.7 by 2023.
DigiByte (DGB) price is expected to reach $1 by 2024.
DigiByte (DGB) price is expected to reach $1.8 by 2025.
DigiByte (DGB) price is expected to reach $2.4 by 2026.
Disclaimer: The opinion expressed in this chart solely author’s. It does not interpreted as investment advice. TheNewsCrypto team encourages all to do their own research before investing.
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Source: https://thenewscrypto.com/digibyte-dgb-price-prediction