- DigitalBits price has been in a strong bullish trend in the past few days.
- It has surged by almost 500% from the lowest level this month.
DigitalBits price has done well in the past few days as investors react to the coin’s token swap. XDB, its native token, rose to a high of $0.0170, which was the highest level since August 13 of this year. It has surged by almost 500% from its lowest leve this month.
What is DigitalBits and why is it rising?
DigitalBits is a layer-1 blockchain project that makes it possible for developers to build quality applications. It is mostly known for the brand partnerships that it has made in the past few years. For example, it has t-shirt brand partnerships with Inter Milan, As Roma, and Dignitas. Also, the company formed a brand ambassador partnership with David Beckham and Franchesco Totti.
DigitalBits is a project that makes it possible for companies to leverage the blockchain industry to build quality products. For example, companies can now build loyalty and rewards points (LRTs) using its technology. The developers believe that blockchain LRPs are useful to solve some of the biggest challenges that conventional programs have.
Read more about the best cryptocurrency robots.
Precisely, DigitalBits main goal is to provide a platform in the asset-tokenization program using a transaction and trading layer for the point economy. As a result, global companies can easily build loyalty programs that are scalable and more efficient. DigitalBits handles transactions in about 2 to 5 seconds while transaction costs in the network are substantially low. XDB is the native token for this ecosystem.
DigitalBits price has been in a strong bullish trend in the past few days. A likely reason for this rally was the XDB asset swap from being an ERC20 token to the DigitalBit mainnet. This swap was completed last week. However, in a statement, the company announced a new extension to October 18. Historically, cryptocurrencies tend to do well in such periods.
DigitalBits price forecast
The four-hour chart shows that the XDB price has been in a strong bullish trend in the past few days. As it rose, the coin managed to move above the important resistance level at $0.0090, which was the highest level on September 10.
DigitalBits moved above all moving averages while the Relative Strength Index (RSI) has pulled back. A closer look shows that the coin has started consolidating. Therefore, there is a likelihood that the coin will likely start falling as the momentum slows.
