I heard that Digibyte is about to rebrand in the next weeks, it has been around for 4 years now, and the market history of Digibyte can be seen in this pic:
A giant spike of 2196 satoshis led to a free fall and then it got back up a little, right now it is at around 300 satoshis.
The coin has been used in the famous videogame Minecraft as a "minable" in game currency, that was probably one of the main factors that led it to grow so much.
Here you can read the report of the official Digibyte's team message that was sent via Telegram, quote:
"Thank you all for your on going support of DigiByte!
Our current primary focus is setting up a new DigiByte foundation, rebranding with a new logo and making both a new main DGB website with better marketing materials and explainers as well as a detailed foundation plan on a new foundation website.
Setting up a proper foundation for DigiByte will help organize the community and all the talented people that want to contribute to DGB. We know you are out there and we are honored to have you involved with DGB.
We have not forgot about anyone and we apologize for not responding to everyones feedback and messages right away.
Please keep in mind if we spent all our time directly responding to the thousands of messages we receive across all social media channels we would never get anything productive done.
DigiByte is open source after all and anyone can begin contributing.
Given the current Geo political climate and attitudes toward blockchain it will take us several weeks to get a foundation up and running 100%. And we may have to do it in two phases.
As mentioned many, many times before we do not control the price of DGB and we are not here for short term pump and dumps.
We are here for long term consistent development. Just look at DigiBytes history over the last 4 years.
So please do not ask us price or speculation questions. We will not respond.
A word of advice for those new to cryptpcurrencies and the blockchain world. When ever Bitcoin is on a massive bull run, all alt coins tend trend down until BTC stabilizes.
Please take time to properly educate your self on DGB and this industry at large. There are many risks involved out side all of our control.
Thanks again for your continued support. This coming week we will release the updated DGB logo and banners across social media. So stay tuned. Exciting things lay ahead for DigiByte!"
A rebrand usually is a good thing that bring in more investors, but obviously most of them will want to see the new brand and the new website along side with their new roadmap before putting money in, anyway DGB is quite cheap right now, and the rebrand could make it grow later.
ATTENTION: THIS IS NOT A FINANCIAL ADVICE, I AM NOT A PROFESSIONAL TRADER, YOU AND ONLY YOU ARE RESPONSIBLE FOR YOUR ACTIONS.
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