Crypto rankings may not matter much in theory, but in reality, they do matter. A crypto that ranks in the top 5 has a much higher chance of surviving long-term, than a low volume crypto ranking in the lower top 100. Reason? Institutional money! Institutional money will most likely focus more on Bitcoin (BTC) and a few top 10 coins. Indicators of this happening are already there, with platforms like Bakkt offering a glimpse into the future. As this happens, many altcoins will be starved of volumes as the market consolidates around a few big players. It’s the natural flow that all markets follow. As such, there is a huge risk for most altcoins below the top 10, with a few exceptions of course. One of those exceptions is Digibyte (DGB).
Why Digibyte (DGB)?
Digibyte is a unique altcoin in many aspects. The most outstanding is its longevity in the market. It has proven to have the power to survive prolonged bear markets, and that’s important to investors. Of course, this is due to its decentralization, and the fact that it never had an ICO. There is simply no organization that will ever go under and affect Digibyte (DGB). This is a magnet for investors in this highly volatile and uncertain market, where no one can predict when the bear market will come to an end. But this is just a small part to Digibyte’s potential astronomical rise. The most important reason is its huge potential in the cyber security market.
In the last few years, cybersecurity threats have grown by a huge magnitude. Nowadays, news of major organizations getting hacked is common. Even a tech company like Facebook has increasingly been exposed as being vulnerable to cybersecurity threats. Amidst all these threats, Digibyte is coming out as a simple yet effective solution, and that’s a big deal. Digibyte is offering a paradigm shift by doing away with the easy to compromise email and password login. Through DigiID, one simply uses their Digibyte wallet to log into any website. It is simple, efficient, and most importantly, it is free. Already AntumID has taken it to the next level and created a chrome plugin that enables you to log in to any website using DigiID. This includes popular websites like Facebook and Coinbase.
With such a powerful tool, Digibyte (DGB) is likely to grow fast, as more people get to learn of DigiID. The moment DigiID gains worldwide traction, the popularity of Digibyte (DGB) will rise as well. It may be trading way below the top 10, but its potential adoption is up there with the likes of Bitcoin (BTC).