This is the first post on Dash from its brand new community we have set up on Uptrennd called Dash.
Maybe it can sound kind of corny: But I have crush on Dash.
I am a supporter of composed crypto portfolio. There are some top 30 cryptos and also other tokens (1UP, PRE, Hydro, BravoCoin are there because I believe in these projects).
Last December when I sold my bed, I bought Dash. Why did I do such a thing?
I based my decisions on Fundamental and Technical Analysis.
What is Dash?
Dash stands for Digital cash. Every Dash transaction is recorded on blockchain. You can perform instant transactions (InstantSend) and opt also Privacy feature (PrivateSend).
Brian Freeman is a founder of Dash. Mark Mason is a director of Media &PR and Joel Valenzuela is their Chief Editor. The team is composed by lot of professionals.
First of all, I like Dash because Dash is a coin with a lot of prestige. You will find it in a lot of crypto exchanges, apps and it’s widely spread in a lot of crypto ATM’s. Those ATM’s you can locate them here: https://www.dash.org/find-an-atm/
There were over 4,800 establishments and services who accept Dash; over 200 crypto exchanges and brokers, with speed of transaction of 1 second. Dash’s transaction speed is one of the highest in the market.
You can spend your Dash in Travala (the online travel agency recently allied with Booking.com), Burger Kings of certain countries (recently Venezuela). All the businesses you can find them here: https://discoverdash.com/. There you can also find them by each country.
Dash is used on crypto backed debit cards such as: Shakepay, Spectrocoin, Bitwala, Uquid and Wirex.
As you can notice this crypto has a really good infrastructure of merchants across the world, where you can spend your Dash or also acquire it.
You can find a lot of updates on Dashnews.org.
There were over 4,800 establishments and services who accept Dash; over 200 crypto exchanges and brokers, with speed of transaction of 1 second. Dash’s transaction speed is one of the highest in the market.
Talking about Dash’s recent developments: “Not only that, the Dash network had some positive developments in late December, which could be a positive factor driving prices, including releasing the Dash Platform for Evonet, making changes, and new updates in DashCore, in DashWallet iOS, and DashWallet Android.” (Azcoinnews.com)
I would like to point out one of the best cryptonews of this first week of January:
Dash is the best performer out of top 30 cryptocurrencies.
It increased over 35.2% in the last 7 days, just for the last 24 hours it goes for 8.6%. If we talk in nominal dollars, if you bought Dash on December 30th at this hour at price of 42 USD, you would be earning 13.7 USD per each Dash you own ATM. Not too shabby, isn’t it?
This data was recorded on January 6th, 2020 at 6:55 Central Time. It’s price today is 55.7 USD. It is followed by Monero, Bitcoin SV and Bitcoin Cash.
This is an excellent news for all Dash corporation. It’s market cap rose from the place 26 to 22, and it stands on 532 million of USD. These numbers of course can be changing, hopefully upwards.
I know, I know: There will be traders who would say, 7 days isn’t enough time to conclude if it is a definite bullish pattern. Well, in my opinion, it depends what your trading period is; so far I see these great fundamentals and spectacular performance of this coin for the first 6 days of this year; and this great start is just astonishing.
If you compare historical data, here we go: On February 14th, 2014 Dash cost 0.21 USD; reaching its all time highs on December 20th, 2017 at 1,493 USD. Last year Dash began on the level of 80 USD, reaching its 2019’s highs on June 25th at around 176 USD, in some exchanges going up to 181 USD; hitting its lows on December 27th, around 39 USD.
For me one of the reasons, why I got Dash, is its current undervaluation; I would like to point out that if we buy a coin at these low levels, we can also gain much more profit. Believe it or not, that’s how I consider a lot of coins today, you buy them at their lows and you will be getting higher profits when the next bull run unfolds.
So we will bring you the latest updates on the main Dash events in our new Dash community on Uptrennd and I really appreciate all your kind attention and support.
Sources:
https://www.coingecko.com/es/monedas/dash
https://www.dash.org/find-an-atm/
How is it better than BCH?