Can David Beckham help DigitalBits (XDB) sustain its rally?

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 Can David Beckham help DigitalBits (XDB) sustain its rally?
Image source: © Peshkova | Megapixl

Highlights

  • Dubbed as Blockchain for brands, the DigitalBits (XDB) crypto is primarily a protocol layer blockchain that is designed to support consumer digital assets, specifically brand currencies.
  • The unique blockchain network is not only eco-friendly, but it also offers a faster transaction speed of 10,000 TPS.
  • The XDB is rallying on the back of its announcement of roping in David Beckham as its brand ambassador.

Dubbed as blockchain for brands, the DigitalBits (XDB) crypto is primarily a protocol layer blockchain that is designed to support consumer digital assets, specifically brand currencies. Brands can make the most of the DigitalBits network and connect with their users through various apps. Through the XDB, brands can not only increase their reach but also increase consumer engagement, thereby giving the brands an overall value on everyday spending.

The unique blockchain network is not only eco-friendly, but it also offers a faster transaction speed of 10,000 TPS. XDB’s unique features help the organisations take advantage of the unique services which the protocol has to offer to connect with their customers in a more meaningful manner.

On 24 March, the XDB token witnessed a healthy rally as it was up by 6.42%.

Also read: HOQU (HQX): What makes it a unique blockchain-based marketing model

Why is XDB crypto rallying?

The XDB is rallying on the back of its announcement of roping in David Beckham as its brand ambassador. Tweeting about the development, the DigitalBits team said that soccer star Beckham will help them to connect with other brands, and his experience with working with global brands, such as Adidas, Maserati, Tudor, Diageo, etc., will give the team a deeper chance to connect with brands easily.

The partnership is expected to include exclusive NFTs and other blockchain-based digital assets, which will be minted on the DigitalBits blockchain platform. The DigitalBits team has already inked deals with leading brands team such as A S Roma, Dignitas, Inter Milan, Rakuten TV.

Also read: Squid Games, Tesla Coin: Famous Crypto Coins that are Dead Now

How is XDB crypto's price faring? 

The 120th ranked token was trading at US$0.661311 with a 24-hour trading volume of US$7,367,672 as per CoinMarketCap. The XDB crypto was up by 6.42% and was enjoying a live market cap of US $578,388,019 with 874,608,082 XDB coins in circulation.

The XDB token has had a good run in the crypto market with it witnessing gains of over 117.8% over the past month, according to CoinGecko. The token has been steadily making waves as it has been reaping rich rewards of over 700% in the past year or so.   

XDB token's performance could well make a few market participants jump on the bandwagon, but one must make sure that they understand the benefits and risks associated with the crypto market. Jumping into the trend without any study could be dangerous and therefore, one must do market research before making investment decisions.

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