DigiByte’s Absence From Coinbase | Frustration Among Users Grows
Edited By
Olivia Johnson
A growing sentiment among DigiByte supporters surfaces as they question the absence of DGB on Coinbase. Despite previous discussions and hopes, users express disappointment and wonder about the potential future of DigiByte on mainstream exchanges.
Background on the DGB-Coinbase Relationship
Historically, the relationship between DigiByte and Coinbase has been complex. As one comment noted, there has been friction between the exchange and the DGB community. The exchange giant's co-founder publicly dismissed community concerns years ago, leading to a perception of neglect. In a surprising turn, Coinbase initially added DGB to its potential assets list around 2020. However, Binance's swift move to list DGB first left many wondering if Coinbase missed a crucial opportunity.
Current Market Dynamics
Insightful users note that Binance now controls about 25% of all circulating DGB, complicating Coinbase’s potential listings.
"It could still happen but unlikely unless DGB notoriety raises substantially," remarked one commentator, highlighting the uphill battle for DGB in gaining traction on Coinbase.
The community is pinning hopes on upcoming tech developments like ISO 20222 that may enhance DigiByte's appeal.
Market Chart Analysis
A user speculated on DGB's price movements, citing a seven-year symmetrical triangle formation in the market chart. "Do you think we can hit new ATH?" they pondered, reflecting a mix of cautious optimism among traders keen on the asset's potential resurgence.
"Well put. Couldn't have said it better myself. Luckily we have OKX and Binance US."
This sentiment underscores the belief that DGB maintains solid trading options beyond Coinbase.
Key Takeaways
⚡ A vibrant community remained hopeful for DGB’s future on Coinbase, despite disappointments.
🔍 Concerns arise over Coinbase needing to acquire substantial DGB from Binance for any listing.
🚀 Support for the asset continues through other exchanges like OKX and Binance US.
Possible Paths for DigiByte on Coinbase
Looking ahead, there's a strong chance that the DigiByte community will continue to press for a listing on Coinbase. This situation could evolve in a few ways, primarily hinging on technological advancements and increased public interest in DigiByte. Experts estimate around a 30% probability that Coinbase may reconsider its stance in the next year if DigiByte's visibility in the crypto space improves significantly. Moreover, the community believes upcoming updates, particularly related to ISO 20022, could enhance DGB’s attractiveness to exchanges, possibly increasing the probability of getting listed. However, without a more substantial market presence, it may remain challenging for DigiByte to gain a foothold on larger platforms like Coinbase.
Echoes of the Dot-Com Boom
In the early days of the internet, many promising online startups were overlooked by major investment firms, similar to how DigiByte struggles for recognition on Coinbase. One particularly notable example is Amazon, which was initially rejected by established venture capitalists due to their focus on traditional businesses. Only a few years later, Amazon emerged as the leading e-commerce site. Just as those early internet pioneers faced skepticism, DigiByte's community may one day look back on this moment and marvel at how a long-deferred listing became a catalyst for future growth in an evolving market.