If you're a long-term holder of DGB, you might be frustrated to see the price drowning in its own blood after the June 10 crash. But this is completely normal in cryptocurrency world. Once the price gets too high too fast, it is always followed by a free fall regardless of the technology it offers. That's just how the market works.
Now, let's do some technical analysis.
If you are new to trading, you might have heard the word "support line" and "resistance line". Support line is due to buying movements which "supports" the price and keeps it from free falling. On the other hand, resistance line is due to selling movements, which "resists" further increase in price. Going back to our graph, most of the time, when the support line intersects with resistance line, there will be price movement uncertainties which will attract speculators to get it into the market resulting in massive price increase (reversal).
Digibyte to compete in July #CitiT4IChallenge
If DGB wins, it can definitely break its all time highs (ATH). But even if they don't, it would still be a great exposure to the business sector allowing them to build connections with some of the most influential personalities in the industry. Not every great actors get to win an Oscar award but being invited to be part of it is already an achievement. Same goes with DGB. They may not win but being the only cryptoproject to be invited among hundreds of popping new ones, is already a huge testament of the coin's intrinsic value.
So what are you waiting for? Go shopping! Buy Digibytes now!
The buy walls are being eaten up gradually, a bullish run underway.
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Thanks for your comment. Please resteem to spread the news! DGB for the win! Following you.
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I am gonna swap some more ltc for dgb today 👍
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LTC has been doing quite good recently.. today it went down though
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Nice article. I was about to post a similair thread. The decision to buy a coin should be based on real analysis of the coin. I found that people keep buying coins without have any knowledge of them. This is considered high risk. This is quite an interesting website I found: https://www.coincheckup.com An amazing crypto research site. They researched every single crypto out there. This is truly great.
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