If you were invested in DigiByte last week you would most likely be smiling today however in this fast world of cryptos that can change very fast.
Over 300%+ gains in less than 2 days is DigiBytes first real move towards serious volume in an oversaturated market.
How long will this last?
The future success of all cryptocurrencies and their relative blockchains will come down to the foundation of the business and the longevity of their technology.
Their niche market and their functionality is what will stand them apart from the rest.
Not all cryptos can just be currencies and expect to succeed.
In fact I will say now they will most likely fail as the major currencies that have support of the corporate web and have very specific infrastructure in place will do well and the minnows will struggle if they only focus on being simply a mode of currency.
There will only be a hand full of successful cryptocurrencies and the rest will be fighting for NICHE markets and market share.
That is where DigiByte comes in.
Is it a long term winner or just another coin blowing hot air?
What do I see as being a stand out for DigiByte?
- Secure documents storage in specific industries such as security and health
- Gaming rewards in one of the biggest industries in the world focusing on the biggest gaming brands in the world such as Minecraft, League of Legends and World of Warcraft
- You can mine DGB in 5 different algorithms
The team seems secure and I know they don’t promote or disclose information before it has transpired and it seems they are doing the back end work required for success.
Only time will tell and I will need to keep a close eye on their developments however from what I can see in the charts these recent movements look like they are from strong financial interests rather than a pump group looking for a 1 day gain.
What do they know that we don’t?
Serious news about to be announced?
There is no doubt in my mind if Digibyte can pull off the deal of a life time by integrating DigiByte into these leading games not only from a web based consumer level however at the retail and software end of the market, success will almost be inevitable.
All they need is their brand on mainstream shelves.
Can you imagine the marketing dream?
“Earn Real Crypto Cash With Mine Craft”
That there is when DigiBytes price will go through the roof.
That as mainstream as you can get in this NICHE market.
I feel this a coin to watch and I will be keeping my head in the forums to make sure I am on the same page although at this stage I am already in for the long term.
What do you think and what coins are your favourites based on NICHE!
Please comment below.
Follow Sebastian – @sebastianjago
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