DigiByte (DGB) Price Rises on Potential ZBG Exchange Listing

DGB is on the verge of earning increasing volumes on an innovative exchange targeted to the Chinese market.

DigiByte (DGB), a relatively obscure digital asset with a grass-roots following, is rising on expectations of a potential listing on the ZBG exchange. DigiByte rose by 20% in a week, touching prices of $0.015. The vote on ZBG, a part of the ZB.com group, shows DGB in the lead.

https://twitter.com/RudyBouwman/status/1141238961668575232

DGB is an innovative asset that has been trying to recover from the bear market for a long time. During the bear market lows, DGB traded below a penny. Now, the expectations are for the coin to reach $0.02.

DigiByte also got a boost from being supported within the Bitfi wallet:

https://twitter.com/TheBitfi/status/1141499245322784769

Additionally, the asset is making progress in its Android app for payments. The coin remains one of the few assets that are seen as undervalued, and are yet in the grass-roots phase. DGB was lifted as high as $0.11 during the peak bull market in late 2017, sinking by more than 90% subsequently. Now, the asset is entering a stage of renewal, struggling to find new markets and volumes.

DGB is an asset highly dependent on Bittrex and Poloniex. As both exchanges show a slowdown in volumes and restrict US-based traders, the hope for DGB is to boost its volumes based on the heightened activity of Asian traders.

DGB is also highly dependent on the price of BTC, as a significant part of the trades happen in the DGB/BTC pair. At the same time, DGB is near its lows at 160 Satoshi, potentially giving way for appreciation against BTC. The DigiByte project has been in a prolonged fight to get listed on Binance, so far failing in this bid.

DGB remains close to the top 50 of coins, and the relatively low price offers a chance at significant returns. But so far, the asset is lagging and is yet to offer a more robust recovery.

Neither the author nor the publication assumes any responsibility or liability for any investments, profits, or losses made as a result of this information. Cryptocurrency trading and investing are risky propositions, and market participants are advised to always conduct thorough research.

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