There has been a lot of talk over the past few weeks about the price decline. I think that many people are using their individual short-term trading mistakes as a reason to suggest that there is a problem with DigiByte.
DigiByte has had a fantastic year. Let's look at the facts:
Over the past 12 months, the DGB market cap has increased from $138,423 (at the beginning of 2015) to $912,837 (today). That is a 559% increase in market cap over the past 12 months.
By way of comparison. The BTC market cap has increased approximately 65% over the year. LTC has had a good year; the market cap for LTC has increased 130% over the past 12 months. Dash has had a pretty good year; the DASH market cap has gone from $8,398,731 to $14,801,837; that is a 76% increase. XMR (Monero) is up almost 90% in market cap for the year. DOGE has had a hard year, they are down about 11% for the year. Ripple is down about 55% in market cap for the past 12 months. Etherium is down about 21% in market cap from mid-summer (release) to today.
We could keep going (I honestly got a bit bored doing the math for other coins) but the point is clear. DGB's 559% increase in market cap is one of the most successful of the past 12 months.
Our exchange ratios are also up. The liquidity (volume/price daily) is looking good and the average volumes are keeping pace with the increase in market cap.
Over the past 12 months DigiByte has released multiple wallets for Android. DGB also released an iOS wallet (today that wallet is getting updated for version 4.0.3). And, DGB released the chrome browser extension wallet.
Over the past 12 months DigiByte has developed and introduced three major new services DigiByteTip (beta), DigiByte Gaming, and DigiByte Market. All three of those services are still growing and developing and they will continue to get updated and developed over the next 12 months.
Over the past 12 months DigiByte also collaborated with TofuGear to release the omnichannel retail platform, which is a huge leap forward for bringing the internet-of-things into the retail environment.
And, in addition to all of the above, DigiByte developed and released DigiSpeed. Some people have asked recently about why DigiSpeed was necessary. I would answer that DigiSpeed is not about yesterday or today. DigiSpeed is about tomorrow. It provides the capacity to scale the DGB network in the future as the existing services grow and as we add and develop new services.
Over the past 12 months DGB has developed and released 5 new wallets (for mobile devices, browsers, and the core DGB-QT wallets), they have developed three significant new services that are proprietary to DigiByte, and collaborated on the omnichannel retailing platform, and developed, and released a hardfork to lay out the foundation for development and services in the coming year(s).
Read back over all of that ... it's not surprising at all that the DGB market cap has increased 559% during the same time. DigiByte has significantly increased the underlying value of the services and network over the past 12 months.
I would challenge anyone to give me an example of a digital currency that has accomplished the same amount in the past 12 months.
a simple and awesome summary of DigiByte's Development for the past 12 months EPLDCC! a post like this once in a while is great to have to serve as a reminder to all of us, as well as providing a quick overall view of DigiByte's progress for the new people. 2015 alone has about 5 new developments. i wonder what 2016 will have in store for DigiByte!
i am okay if 2016 doesn't have anything new. But instead, bring all the 5 new developments from 2015 to Cryptocurrency 2.0 Level! In other words, tons of improvements, additional features & functions, image and design overhaul change with a more sleek professional look (tidier and neater too), massive marketing, etc.
buckle up everyone. 2016 is not a year for slackers and fudders! Time to get serious!
◈◈◈ Trading Tip ◈◈◈
Miss the boat? Prices have risen too high for you to enter? Just buy on the way down and sell on the way up.
This is to decrease your average cost per unit.