A few days ago, Jared Tate sent out a series of twitter rants that were aimed at Binance. Given that this is the second time that this happening, it is safe to conclude that Digibyte is never getting listed on Binance. At least not any time soon. As this door closes, it is only natural that some sections of the investing community are now confused about the future of DGB. Does this mean that the value of this crypto could stagnate now that it has no chance of it getting listed on Binance? Absolutely not.
While the two largest exchanges in the world, Binance and Coinbase are important, they are not the ultimate determinant to the rise of a cryptocurrency. Prove to this is the rise of Dogecoin (DOGE). Dogecoin has in the recent past rose significantly to make it to the top 20, and it has a good chance of making even further gains, if its price action is anything to go by. Dogecoin (DOGE) has achieved this without Binance or Coinbase. It has rose mainly because it has a vibrant community behind it, a community that is always spreading the good word about Dogecoin.
The Dogecoin community is constantly rated as one of the best in crypto and this has stood out as its key pillar all along. Though it has some strong technical capabilities behind it, the Dogecoin community has focused more on spreading the philosophy of this coin, and that’s fun. They share memes with each other, and best of all, they actually spend the coin. This gives Dogecoin value, because it gets to do what it was designed to do, and that is send value over the internet, fast, cheaply and in an easy to follow process. Simply put, the value of Dogecoin (DOGE) is hugely derived from its usage, and marketing, not from exchange listings.
Digibyte (DGB) too could follow a similar model. Digibyte (DGB) is constantly ranked as one of the most technically superior projects in the market. It is much better than bitcoin (BTC) on most aspects. To grow Digibyte, the community needs to be more proactive in using Digibyte. For instance, something like Digi-ID is free. If the DGB community were to become more proactive in using it in their own websites, as well as pressuring their favorite websites to utilize it, word would spread pretty fast. This would quickly create buzz around Digibyte (DGB) and drive up its value, just like Dogecoin (DOGE) has been rising.
Luckily there is hope. The community is slowly becoming active in using DGB. Besides, the Digibyte awareness team has made significant progress in marketing. Things could slowly be headed the Doge way in terms of marketing and adoption. Once marketing gains traction and the community gets more proactive in rallying behind Digibyte (DGB), its value in the market will rise. With its strong fundamentals, Digibyte has what it takes to make it to the top 10, if it were to take Dogecoin’s approach. Binance or any other exchange would be irrelevant.
Like this:Like Loading…