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Cryptos: 20.03M
Exchanges: 842
Market Cap: 
$3.95T
1.26%
24h Vol: 
$199.81B
34.09%
Dominance: BTC: 57.1% ETH: 14.6%
 ETH Gas: 
0.18 Gwei
 Fear & Greed: 
50/100

Latest DigiByte (DGB) Price Analysis

By CMC AI
24 August 2025 03:02PM (UTC+0)
See DGB Price Chart

Why is DGB’s price down today? (24/08/2025)

TLDR
DigiByte (DGB) rose 1.22% over the past 24 hours, contrasting with its -2.01% weekly and -2.95% monthly declines. The uptick aligns with a neutral crypto market (Fear & Greed Index: 53) but lags behind Bitcoin’s dominance (-0.18% daily). Key factors:

  1. Technical Resistance Struggle – Failed to hold above $0.00937 Fibonacci level despite bullish indicators
  2. Altcoin Sentiment Shift – Altcoin Season Index dipped 4% as capital rotated toward Bitcoin
  3. Low Network Activity – No major catalysts offsetting broader market lethargy

Deep Dive

1. Technical Resistance Struggle (Bearish Impact)

Overview: DGB faces resistance near the 23.6% Fibonacci retracement level ($0.00937), failing to capitalize on July’s rounding-bottom breakout. Despite trading above its 50-day SMA ($0.00823), the MACD histogram turned negative (-0.000007) on August 24, signaling fading momentum.

What this means: Bulls couldn’t sustain the July rally, which targeted $0.012. The rejection at $0.00937 suggests traders are taking profits near resistance zones. Weak volume (-25% daily) exacerbates downside risks.

What to look out for: A close above $0.00937 could reignite bullish sentiment, while a drop below the 50-day SMA might trigger a retest of $0.0082 support.

2. Altcoin Sentiment Shift (Mixed Impact)

Overview: Bitcoin’s dominance dipped slightly to 57.41%, but the Altcoin Season Index fell 4% daily, reflecting muted risk appetite. DGB’s 24h turnover (1.78%) trails the market average, indicating low speculative interest.

What this means: Traders aren’t prioritizing mid-cap alts like DGB amid flat market conditions. The coin’s 20% 60-day gain suggests earlier momentum is cooling as Bitcoin absorbs liquidity.

3. Low Network Activity (Neutral Impact)

Overview: Despite growing casino adoption (e.g., 22Bet’s DGB integration) and grassroots community efforts, no major protocol updates or partnerships emerged recently to drive demand.

What this means: DGB’s use cases in gambling (15-second transactions, $0.0005 fees) haven’t translated into sustained buying pressure. Mining decentralization concerns (5 algorithms, per July 2025 data) also linger, potentially deterring institutional interest.

Conclusion

DGB’s minor 24h gain masks underlying weakness from technical resistance and altcoin apathy. While its infrastructure appeals to niche sectors like crypto gambling, broader adoption hinges on network upgrades or market-wide risk-on shifts.

Key watch: Can DGB hold the 50-day SMA ($0.00823) to avoid a deeper correction toward $0.0078?

Why is DGB’s price up today? (23/08/2025)

TLDR
DigiByte (DGB) rose 12.41% over the last 24h, outpacing the broader crypto market’s +2.89% gain. Key drivers include a technical breakout, casino adoption updates, and network upgrade momentum.

  1. Technical Breakout – Golden cross and rounding bottom pattern signal bullish reversal
  2. Casino Adoption – Low-fee gambling use cases drive transactional demand
  3. Network Upgrades – AssumeUTXO and Taproot integration boost efficiency

Deep Dive

1. Technical Breakout (Bullish Impact)

Overview: DGB broke a 4-month resistance zone ($0.0083–$0.0087) on July 19, 2025, forming a rounding bottom pattern with a golden cross (9-day EMA > 50-day SMA). The 24h volume surged 50.54% to $3.93M, confirming trader conviction.

What this means: This pattern typically marks the end of bearish trends, attracting momentum traders. The next resistance sits at the 23.6% Fibonacci level ($0.00937). RSI-14 at 52.5 leaves room for upward momentum without overbought risks.

What to watch: Sustained closes above $0.0091 could validate a push toward $0.010.

2. Casino Adoption Momentum (Bullish Impact)

Overview: A June 18, 2025 analysis highlighted DGB’s integration with 22Bet and FortuneJack casinos, leveraging its 15-second transaction finality and $0.0005 fees.

What this means: Gambling platforms drive consistent transaction volume, creating baseline demand. 22Bet’s 15-minute DGB withdrawals and tailored bonuses (e.g., 500% deposit matches) incentivize user acquisition.

3. Network Upgrade Sentiment (Bullish Impact)

Overview: Community posts on July 30, 2025 highlighted the v8.26 upgrade, introducing AssumeUTXO (faster node syncing) and Taproot privacy features.

What this means: These upgrades address scalability and usability barriers, aligning with DGB’s niche as a transactional blockchain. Node count growth (+18% since July) signals developer confidence.

Conclusion

DGB’s rally reflects a confluence of technical triggers, real-world utility expansion, and infrastructure improvements. While bullish momentum is dominant, the 24h turnover ratio (2.4%) suggests thinner liquidity than top 50 cryptos, amplifying volatility risks.

Key watch: Can DGB hold above the 9-day EMA ($0.00882) to confirm the breakout’s sustainability?

CMC AI can make mistakes. Not financial advice.
DGB
DigiByteDGB
|
$0.00909

0.94% (1d)

See DGB Price Chart