Let’s face it. The DigiByte price rarely makes cryptocurrency news headlines. In fact, DigiByte is arguably one of the most overlooked coins on the cryptocurrency market. Recently, though, DigiByte has started to attract serious investor attention. - And for a very good reason.
Could DigiByte be a Bitcoin Killer?
Cardano, Tron, EOS. To date, 2018 has been defined by new to market altcoins with game-changing use cases. All of which are being brought to market via several rounds of ICO fundraising.
Sadly, as soon as initial coin offering periods are over, coins like Cardano and Tron seem to start slipping back into obscurity. DigiByte, however, is an entirely different ballgame.
As DigiByte itself says: “After 4 years of consistent, committed development, rapid community growth, and new use cases, the DigiByte Blockchain has become the world's longest, fastest and most secure UTXO blockchain in existence.”
There is, of course, just one question. Namely, could DigiByte be a Bitcoin killer and if so how?
New Blocknet Interoperability & 2,000 TPS Transaction Speeds
DigiByte keeps a low profile on the cryptocurrency market. However, Digibyte is arguably much more advanced from a technological perspective, than both Bitcoin and Litecoin.
To demonstrate, many credit Litecoin creator Charlie Lee, as helping encourage Bitcoin to adopt Segwit in 2017. (Namely, thanks to Lee successfully implementing Segwit on the Litecoin blockchain.) In reality, though, it was DigiByte which first successfully implemented Segwit and which inspired Litecoin to also embrace the protocol. Much more importantly, DigiByte is already capable of processing far more transactions per second than both Bitcoin and Litecoin combined.
Slow but Steadily Increasing Commercial Adoption
At present, the DigiByte price holding steady at just under $0.04, does little to inspire Bitcoin-like confidence in the currency. - At least from an investment perspective. Thankfully, though, recent DigiByte news detailing adoption of DigiByte by merchants such as Coingate.com could be about to change all this.
What is Coingate?
Coingate is a website specific payment gateway service which allows website customers to pay for products and services using 40 different altcoins. Now that DigiByte is one such supported altcoin, websites can now accept DigiByte and benefit from payments being instantly converted into Bitcoin or fiat cash.
Of course, Coingate is just one leading payment merchant starting to accept DigiByte. At the same time, though, DigiByte compatibility with Blocknet, now also allows several other merchants and retail payment processors to start accepting DigiByte.
DigiByte Price Prediction for 2018
Could the DigiByte price top $100 by the end of 2018? In reality, no. However, increasing commercial adoption and investor awareness of DigiByte is something which investors should be taking note of.
Just like with top market cap coins like Litecoin, DigiByte prices will likely continue to increase as more payment merchants start embracing the cryptocurrency. Much more importantly, DigiByte has already held value far better throughout 2018, than even coins like Bitcoin. Investors may, therefore, wish to invest in DigiByte now at $0.04, in expectation of coins possibly reaching as high as $1 in 2019.
Disclaimer: Do not take this article as professional investment advice. We are not a financial institution.