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Review on DigiByte by Bradley Callum
With this market cap, DigiByte is currently ranked 51st on coinmarketcap…
With this market cap, DigiByte is currently ranked 51st on coinmarketcap (ranked from highest to lowest according to market cap). If DGB were to reach a price of $0.48 USD (roughly 10x current price) it would put the market cap at roughly $4,911,686,446 USD. This would put DGB at about 11th place ranking, given the current total overall crypto market cap stays the same (given that my calculations were correct). This is possible, but may be difficult. If the entire crypto market cap grows, this price valuation may be easier to hit.
Pros
- Not built on another platform, such as Ethereum or Neo: This means that DGB is a coin, not a token. This is good in that DGB has it’s own blockchain and does not rely on the speed of a different blockchain. For example, ERC20 tokens may only be as fast as the Ethereum network will allow at any given time
Cons
- DigiByte states that they have a dedicated founder who is active full time. DigiByte seems to have the mindset of trying to stay ahead of the competition, stating that they have “shown industry-leading firsts over the last four years including Digishield, MultiAlgo, MultiShield and SegWit” (digibyte.io) There was no ICO, which aids to its’ decentralization as a coin. It is stated that DigiByte has encountered scaling problems, and has continued to prosper. “Growing to 6 million blocks, the DigiByte blockchain has encountered and overcome scalability issues not yet seen by most other major blockchains”
