Dash is one of the leading cryptocurrencies known for combining speed and privacy. A decentralized cryptocurrency, it provides instantaneous and secure transactions at a minimal fee.
Argon also features lower transaction costs than Bitcoin and can be used to purchase goods and services online.
Basic information about Dash
Dash is a cryptocurrency with fast and secure transactions. With its PrivateSend feature enabling anonymous transactions, Dash stands out as an attractive alternative to Bitcoin for users prioritizing privacy. Furthermore, Dash processes transactions faster at reduced costs than Bitcoin does.
Dash stands out from its rivals by offering both security and fast transaction speed at low fees. When compared to Bitcoin which takes several minutes for every transaction to be confirmed, Dash transactions occur almost instantaneously.
Dash was founded by software developer Evan Duffield and first made public as XCoin in January 2014. Within two weeks it was rebranded Darkcoin before finally transitioning into “Digital Cash”. Dash features an unique governance model which allows changes to be implemented without going through hard forks – with 45% going towards Master nodes/miners while 10% for marketing/development initiatives.
Price chart
Dash is a cryptocurrency designed to make digital cash more usable. It’s faster and more private than Bitcoin, enabling its use at well-known online stores across multiple countries with lower transaction fees.
DASH prices are determined by both monetary policy of the US Federal Reserve as well as factors like inflation and economic stability. Traders can speculate on its value by buying or selling DASH against USD.
Evan Duffield first created Dash cryptocurrency in 2012. Initially known as XCoin at first, then Darkcoin, then Dash. However, its creators later changed this to emphasize online commerce use for Dash; Duffield later leaving to be replaced as CEO of Dash Core Group by Ryan Taylor in 2017. Today Dash remains a widely popular digital currency solution offering fast and secure transactions.
Technical analysis
Dash is an open-source cryptocurrency designed to offer fast and inexpensive global payments networks with features like InstantSend and PrivateSend. In addition, this cryptocurrency also boasts decentralized governance through masternodes – servers which provide advanced services in exchange for their share of block rewards – masternodes are servers which in return for block rewards provide governance of Dash proposal system and governance services for Dash proposal system.
Dash (formerly XCoin) was launched as an altcoin in January 2014 but soon after forked from Bitcoin two weeks later, then changed to Darkcoin before finally taking on its current name of Dash in March 2015. XCoin’s founders, software developers Evan Duffield and Kyle Hagan, sought to advance crypto by correcting various flaws within its blockchain technology.
DASH has shown signs of recovery within an impulsive five-wave cycle from its lows, as evidenced by an upward push and bullish divergence between price and RSI on its 4-hour chart. Furthermore, trading above Ichimoku Kinko Hyo cloud indicates that bearish trends will likely fade out.
Trading signals
Dash is a decentralized cryptocurrency and payment system built upon Bitcoin that aims to improve scalability, transaction speeds and privacy via its two-tier network architecture and features like InstantSend, chainLocks and PrivateSend.
Recently, DASH prices have seen an upswing due to various project updates such as partnership announcements with BlockPay and anticipation for September 2017’s Dash Conference.
DASH has shown strong and impulsive movement away from its lows on the 4 hours chart, as evidenced by its approach towards breaking channel resistance lines indicating a new upward cycle in Elliott Wave analysis.
Please be aware that trading DASH can be highly speculative and involves high risks of loss. Only trade with funds you can afford to lose; all trading involves risks; it is imperative that investors understand this when investing in cryptocurrency investments.
