The Digishield, participation of development team, and great community are starting to bring the price up to an almost reasonable level. Many people bought around 250-300, so have it at around 70 is still ridiculously low.
Unfortunately, DigiByte is a large total coin crypto. The price/value ratio is much more sane at the moment. Unfortunately, many bought in at the top of the 400 satoshi pump, but that does not mean that the current price is "under-valued".
That said, I would expect growth from the current reasonable price any time one of two things happen:
1. Demand in the market rises. More money chasing fewer coins = higher prices.
2. Over time, as the block reward goes down, assuming demand remains stable. Again, more demand chasing fewer coins = higher prices.
Guys, now is the time to get more people on board! Promote DigiByte on your twitter, on reddit, in another thread - someplace! Say it's due to DigiShield, say it's Wolong, I don't care how you spin it - DGB is moving up, tell people and get them on the train!
Promoting a coin you believe in is always a good idea. "Jumping on the train", is unfortunately like saying, "Pump". In the short run it can be fun, in the longer run not so much.
In the long run, promote and argue in such a way that brings people into the fold for the long run.
Just my two digis
As for the first part of the analysis - it's all good, but you're willfully ignoring competition and interest. All of those increases based on the numbers still rely upon interest and growth in the coin. You can also easily see it is undervalued in comparison to nearly any other altcoin that we're attempting to compete with. Take a coin's total supply, current supply, market prices, and compare those ratios to DGB. DGB is undervalued for it's pure supply numbers - period. There is no arguing that point until the rest of the coins come way down in relation to DGB. Is it undervalued as a whole? Normally I would say so - but I'm losing faith...
As for the 2nd point - I don't disagree, but promotion is near zero on this coin in any official capacity. I'm a long term holder - today is the first day I've daytraded any DGB at all after following it since launch - but that's what this coin has going for it now, it has attention. Grasp it now while you have it. Lots of people paying attention to crypto are speculators, I daresay most, and the slant of my suggestion is to entice speculators to take a look. I was a speculator for profit when I first mined DGB, but I later decided to hold as I learned more. So you're saying we
shouldn't try to coax the biggest segment of the crypto audience over - because they're acting in a purely speculative manner to start? You want to be picky about the type of people who should come grab holdings of your coin ASAP? Are you really the face of PR? *blink* I'm not trying to be a dick, but this is a pretty conservative stance in a bubble market full of speculators.
All interest is good interest, the whales are already playing with it, the pumpers who can move markets aren't going to get the news from me or anyone in this thread that DGB should be looked at - they're already playing it. This is an *opportunity where attention has spiked* - stop analyzing the quality of the attention and fucking grab the opportunity to promote. The whales and pumpers you seem to imply you don't want around are the exact people giving you the opportunity RIGHT NOW to attract smaller speculators due to their actions with the markets. It doesn't matter if it leaves a bad taste in your mouth cause pumpers are behind the spike, this is a great opportunity to embrace the exponential effect of social awareness and expand the user-base. Your goal should be more people using DigiByte, period. You want everybody.
I'm quickly losing faith with the complacency of how marketing of DGB is being handled. You all seem happy to keep it a clubhouse where everyone knows each other. If that's the case I won't be holding for long. :/
A large user-base underpins literally every aspect of this coin's success. My urgent tone comes from the belief that in bubble markets, even prospects with great fundamentals will sink if they do not navigate the bubble wisely. You can choose to wait on the sidelines, hoping for hype to recede, the herd to be culled, and logic in investing to come to crypto - but I personally believe choosing that route is risking being one of those who is culled. When the altcoin bubble pops and the fat is trimmed, the remaining few will be of the bold who took a chance, not the conservative players who waited for an opportunity instead of creating their own. Puff your chest and shout louder, even if it's not in your bones to be that way.
DigiShield should be pushed as the greatest thing since sliced bread and lightyears ahead of KGW, soon all coins will use this idea, etc. Even if that's all bravado and it's only a marginally different implementation, this is how things should be handled right now! There should've been/should be an official social-media press release for DigiShield and the 2.0 fork update, a page or less highlighting the need for something like this, the problem it fixes, why the competitors fell short, and why everyone will be using it soon. It's innovation because we say it is. See where I'm going with this? Where is this type of proactive promotion on behalf of the DigiByte team?
You bring up some great points, we are preparing to do some more massive marketing for DigiShield in the next few days! Since we have not heard from Bman3 in several weeks now we are talking about opening up a DigiByte video promo contest! As well as getting someone else who can do some work with the DigiMan.
