Digibyte (DGB) is one coin that has many worried at the moment with its current downward slope in recent weeks as the crypto market has not fared well of recent with several coins stuck within the bearish zone.
However, there have been signs from some top coins that there could be an extended bullish run in the second quarter of the year. Digibyte (DGB) has shown none of this rather it has moved to the opposite direction as it continues to drop in market value.
Digibyte (DGB) Has Moved Down The Ranking In The Past Month
The coin was the 43rd largest coin based on marketcap at the beginning of March but has dropped to its current position of 49th and currently is in danger of dropping out of the top 50 coins for the first time since 2018.
You could look at this drop-in value from two perspectives, that other coins are beginning to gain on DGB or that the coin is losing value faster than its rivals. The current situation points to the later as the general trend in the market has not been overly positive.
Digibyte (DGB) May Need To Put Out More Publicity To Attract Investors
One of the contributing factors to this is the nature of the project. Digibyte despite its possibilities has not been marketed at the same level of similar projects such as Cardano (ADA)and Zilliqa (ZIL).
It is an open secret that big announcements tend to sway the current price levels of digitokens. Justin Sun the CEO of Tron has been known to use announcements to boost the overall reputation of his coin.
Digibyte (DGB) looks more like a laid-back project which is not exactly the type of scenario that makes investors want to put their money into despite its recent developments.
Digibyte (DGB) Continues To Push New Developments Ahead of Q2
Despite these issues, Digibyte has continued to make developments that bode well for the future. The blockchain platform recently unveiled its latest project named DigiAssets which is expected to usher in unique features.
DigiAssets is a secure scalable protocol on the global Digibyte blockchain that would provide an enabling environment for the issuance of decentralizes tokens, smart contracts and other features.
We have great hope that Digibyte, would be able to rebound in the second quarter of the year as more developments roll-in.