Dogecoin (DOGE) and Digibyte (DGB) are two high potential coins that stand a good chance to gain in adoption in the long run? But for most people invested in crypto, the technical aspects of a project don’t matter that much. What matters is the profit potential. So which one is a better project between these two? Well, there are several parameters that can help determine which one is a better investment, with the potential for higher returns.
The first one is their historical performance. Going back in the last one year, if someone had put money into each of these two projects, you would be better off, if you had held Dogecoin (DOGE) since it has outperformed Digibyte by a huge margin. While past performance is never a guarantee of future performance, it is always a good indicator of where things might go. In this case, based on the momentum that Dogecoin (DOGE) has gained in the last 12 months, there is a possibility that it could continue to gain, and outperform Digibyte (DGB) in the next 12 months.
The second parameter for comparing them, and their potential performance in the brand presence. Technological superiority is good, but it means nothing if no one knows about it. Comparing Dogecoin and Digibyte (DGB) in terms of market presence, Dogecoin is a winner. There are more people using Dogecoin (DOGE) than those using Digibyte (DGB) going by their daily transaction volumes.
The easy nature of Dogecoin (DOGE) endears it to more investors. On the basis of this parameter, Dogecoin (DOGE) could outperform Digibyte (DGB) in the future. The power of a strong market presence is quite visible in the manner in which, Dogecoin (DOGE) has shot up in value in the last 2 week pushing into the top 20 by market cap, while Digibyte hasn’t moved much.
The third parameter is the use-case. On this front, Digibyte (DGB) wins hands down. Digibyte (DGB) has a use case both as a currency and in cyber security. Both use cases are slowly taking shape in the markets. Its use case as a currency has become clear in Venezuela and Turkey where it has gained significantly in adoption. In cybersecurity, Digibyte (DGB) has gained in adoption and is now being used by companies like Antum. On its part, Dogecoin biggest use case is as a currency. However, it might take some time before it emerges as a real competitor to fiat, due to the high volatility of the crypto markets.
From the above, it is clear that in the near-term, Dogecoin (DOGE) will most likely outperform Digibyte (DGB). However, in the long-run, both coins will be great performers. They are both fundamentally strong coins that stand to gain in adoption, as people begin to appreciate the value of cryptocurrencies. These two coins are in a very strong position to break into the top 10 in the long-run. It’s best to invest in both.