The blockchain brings an attractive proposition with the potential to transform the landscape of various industries. While the technology is primarily considered in the context of the financial ecosystems, its use cases are anything but limited. There has been a rise in specialized blockchains that are dedicated to a specific niche – like supply chain management. Today, we talk about such blockchain by the name of DigitalBits which operate in a specific niche
What is DigitalBits?
DigitalBits is known as the blockchain for brands as it connects brands with consumers in a unique way. Through the DigitalBits, users can launch their digital assets – like tokens, stablecoins, or NFTs – and connect the digital asset with regular applications in the app store. Branded digital assets are used to boost consumer engagement, market value, and the overall user experience of the brand. Some of the digital assets that can be launched can be loyalty points for brands, gift cards, etc.
The goal of the network is to increase the cryptocurrency adoption. DigitBits is working towards it goal by solving real-world problems. It integrates consumer brands and applications for a seamless user experience. It also utilizes a multi-hop technology which increases on-chain liquidity for users. The multi-hop technology enables consumers to exchange their points earned from, let’s say, coffee to airlines. This technology ensures that DigitalBits create an integrated and global branded economy by empowering consumers as well as brands.
Future outlook
DigitalBits has been one of the well-performing cryptocurrencies in the weekly timeframe. XDB – the native token of the platform – has exploded upwards. It started its upward trajectory towards the end of August and has been on a price rally since. Although the bullish momentum appears to have slowed down in the daily timeframe as DigitalBits starts losing value. At the time of writing, the cryptocurrency stands at a price level of $0.61. The price has declined by less than 1% while the daily trading volume has increased by 12%.
Upcoming days can be expected to be bearish for XDB although the future projections for the cryptocurrency are bullish. Various new developments also boost the future outlook of cryptocurrency. A recent partnership was announced between AS Roma and Zyatara Labs worth $42 million. Both the companies have announced to integrate DigitalBits blockchain. Wallet Investor estimates a price level of $1.48 in five years’ time. Digital Coin Price is even more bullish on DigitalBits. Per their projections, XDB is expected to end the year with a price level of $0.88 and reach $2.09 by 2026.
