DigiByte, a decentralized public blockchain, is focused-on speed and security. It aims to solve the major challenge that Bitcoin and other popular cryptocurrencies have been facing. It offers the fastest block generation speed of all UTXO blockchains. DGB integrates segregated witness implementation to maintain processing speed and efficiency.
The developers of DigiByte think the blockchain has the capability to resolve all potential security-related leaks due to the global-level decentralization system. It also offers industry-leading DigiShield and MultiShield technology to protect itself from malicious attacks. It has three key technologies parallel with the blockchain.
- Artificial Intelligence (AI)
- Internet of Things (IoT)
- Cybersecurity
DigiByte also extends its real-world business in these segments to deliver more automation, data analytics, and cybersecurity-related service. The best part is all these facilities will be available as a decentralized system, which integrates better security and privacy for the users.
DigiByte (DGB) also focuses on architecture development such as scalability, payment security, speed, and decentralization system, which is divided into three layers.
- Core Protocol Layer: It is the basis of the layered structure that manages basic data transfer and communication between nodes. It also handles the operation taking place on the blockchain network.
- Public Ledger Layer: It is the treasure layer that stores all the data on the network. It also maintains its security mechanism that prevents malicious attacks.
- Application Layer: It is the front of the architecture that interacts with the user, and it is the ‘Interactive’ home of the DigiByte interface. It also hosts both centralized and decentralized applications.
Indeed, DigiByte as architecture will develop along with DGB price because it is more advanced than its competitors. However, you should not invest for the long term until the indicators suggest it. Read our price analysis to learn more.
At the time of writing this post, DGB was trading around $0.011. DGB has been bullish from the support of $0.0089. However, $0.0127 is strong resistance for this token. Considering the technical indicators, we think the DigiByte price prediction will cross the resistance decisively because RSI is at 56, MACD, and Bollinger Bands are also bullish. So, it is the ideal time to invest for the short term in DGB.
On the weekly chart, DigiByte has been in a downtrend. After hitting its ATH of $0.1825, it has never reached closer to that level. The weekly candlesticks are forming around the baseline of the Bollinger Bands; MACD and RSI are also not bullish. We do not think you should invest for the long term, but you can capitalize on the momentum for a short-term gain.