DigiByte, Altcoins Market & New All-Time High (2125% Or 7327%?)
Updated
I was looking at DigiByte trying to figure out how things are going to play-out in 2025. New All-Time High or no new All-Time High?
We know that the big wave happens every four years. Some Altcoins made an exception and grew exceeding well last year but these are the exception and not the rule. The majority of Crypto produced a small "recovery wave" in the year 2023 leading into early 2024, and then we had a massive correction.
We are back in the "accumulation zone" for most Altcoins, DigiByte (DGBUSDT) is no exception. These are amazing prices right for long-term growth.
For DigiByte —we will continue with the Altcoins in general in a different article— we have some mixed "feelings." No, actually, we have some mixed signals. Yes! Signals, is the right word.
Ok. The major low after the bear-market came in June 2023. Good.
The recovery wave correction that started in April 2024 ended up producing a lower low on a wick last month, August 2024. Here is the mix, the session that produced the lower low closed higher than in June 2023. So we have a lower low based on candle wick but a higher low based on candle close. The close is more important than the wick but both are of relevance for TA and for making future projections.
This means that we need to consider both possibilities; A scenario where DGBUSDT peaks near the last ATH, can be below or above it, and another one where it hits a new strong All-Time High.
The first scenario, we could see DGBUSDT grow to around 0.14275 for 2,125%. Due to monetary expansion and all that, money changed a lot since 2021, it could go to ATH around 0.184 and even a bit higher and this would still count as a double-top based on technical analysis. Total growth would amount to ~2,800%.
The truth is that DigiByte is not a heavy project, based on its market capitalization, but it is indeed a strong project, based on its fundamentals (developers, community, structure, etc.). This means that a strong bull-market can easily reach a new ATH, specially if we get friendly regulations and favorable socio-political market dynamics.
Growth potential for this second scenario and a very strong new All-Time High would amount to 7,327% with a price tag 0.4817.
Seems a bit high right now...
Whatever happens in 2025 and regardless of how high the market goes, what we know for certain is that Cryptocurrency will be really strong. Stable, reputable, trusted and solid projects will shine and we will not be caught by surprise.
Thank you for reading.
Namaste.
We know that the big wave happens every four years. Some Altcoins made an exception and grew exceeding well last year but these are the exception and not the rule. The majority of Crypto produced a small "recovery wave" in the year 2023 leading into early 2024, and then we had a massive correction.
We are back in the "accumulation zone" for most Altcoins, DigiByte (DGBUSDT) is no exception. These are amazing prices right for long-term growth.
For DigiByte —we will continue with the Altcoins in general in a different article— we have some mixed "feelings." No, actually, we have some mixed signals. Yes! Signals, is the right word.
Ok. The major low after the bear-market came in June 2023. Good.
The recovery wave correction that started in April 2024 ended up producing a lower low on a wick last month, August 2024. Here is the mix, the session that produced the lower low closed higher than in June 2023. So we have a lower low based on candle wick but a higher low based on candle close. The close is more important than the wick but both are of relevance for TA and for making future projections.
This means that we need to consider both possibilities; A scenario where DGBUSDT peaks near the last ATH, can be below or above it, and another one where it hits a new strong All-Time High.
The first scenario, we could see DGBUSDT grow to around 0.14275 for 2,125%. Due to monetary expansion and all that, money changed a lot since 2021, it could go to ATH around 0.184 and even a bit higher and this would still count as a double-top based on technical analysis. Total growth would amount to ~2,800%.
The truth is that DigiByte is not a heavy project, based on its market capitalization, but it is indeed a strong project, based on its fundamentals (developers, community, structure, etc.). This means that a strong bull-market can easily reach a new ATH, specially if we get friendly regulations and favorable socio-political market dynamics.
Growth potential for this second scenario and a very strong new All-Time High would amount to 7,327% with a price tag 0.4817.
Seems a bit high right now...
Whatever happens in 2025 and regardless of how high the market goes, what we know for certain is that Cryptocurrency will be really strong. Stable, reputable, trusted and solid projects will shine and we will not be caught by surprise.
Thank you for reading.
Namaste.
Trade active
Very strong bullish breakout is now in place. We can say this trade is active.
We are looking at, and aiming for, long-term growth.
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