With Bitcoin Cash and Bitcoin attracting much adulteration people are completely overlooking the major price overhaul of Dash, another form of cryptocurrency which has crossed the US$300 mark lately. As the competition heats up its will be interesting to watch the future proceeding of this popular altcoin mode.
The privacy centric digital currency has been the frontrunner of innovation spectrum holding solid reputation. Its InstantSend feature paving the path for anonymous transactions has been at the receiving end of much positive attention. Recently, iOS users were in for a pleasant surprise when the announcement of Dash wallet for the same was made. With things evolving at a fast rate, Dash could very well repeat the success story of Ethereum which stunned investors this year. This currency bears extreme value to the right users although at 7.5 million, its market circulation of coins is much less when compared to other cryptocurrency forms like Bitcoin.
In spite of presently holding a value of US$298.19, the market capitalization of Dash is far below US$2.5 billion making it the eight-largest cryptocurrency (at the time of publishing this article) when viewed from the market cap perspective. However as we speak, the price of Dash is being hiked up thanks to some exchange traded platforms. Bithumb conducts the largest number of Dash exchange with 43% trading volume. The Korean exchange proceeds with bullish trading of all its digital currency forms like Ethereum, Bitcoin and Bitcoin Cash. However its Dash dealings are almost four times that of Bittrex and twice that of Poloniex. This surely is an intriguing development of the Dash Crypto sector. The future of Dash is unclear. But it surely is worth waiting for Dash to unfurl the surrounding mysteries.
Also Read: Dash to Launch Blockchain Research Lab In Collaboartion With Arizona State University.
Another dark horse of the virtual currency market is USD Tether which is the digital form of U.S. dollar. It is gaining rapid popularity with various exchanges supporting USDT trading.
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