I see DGD as one of the best long-term hold tokens in crypto.
In the short term trade, I'm looking for DGD to break the resistance at $40.70 by June 7th with a target at $69.00 if the flag pattern completes.
DGD tends to trade independently of BTC and the rest of the crypto market, and sometimes inversely to it.
Currently, about 30% of DGD tokens (600,000 out of 2,000,000) are locked into the first voting phase that will end in 30 days, so there is even less float than there might usually be. A large percent (at least 30%, but more likely 60%+) of DGD are owned by those more interested in DAO participation than selling or trading DGD. As participation starts to yield DGX payments over the next 5 years, and DGX starts to take hold as the best stable coin (tied to physical gold rather than any fiat currency) we can expect to see a parabolic price increase.
In the short term trade, I'm looking for DGD to break the resistance at $40.70 by June 7th with a target at $69.00 if the flag pattern completes.
DGD tends to trade independently of BTC and the rest of the crypto market, and sometimes inversely to it.
Currently, about 30% of DGD tokens (600,000 out of 2,000,000) are locked into the first voting phase that will end in 30 days, so there is even less float than there might usually be. A large percent (at least 30%, but more likely 60%+) of DGD are owned by those more interested in DAO participation than selling or trading DGD. As participation starts to yield DGX payments over the next 5 years, and DGX starts to take hold as the best stable coin (tied to physical gold rather than any fiat currency) we can expect to see a parabolic price increase.