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DASH notes losses; Dash Latam expands, Venezuelan mall accepts Digital Cash payments


Dash is ranked at #15, above both Chainlink and Tezos on coinmarketcap. The price of DASH fell by 7.07% in the course of the past 24-hours. The trading volume recorded is $198.887 million, while the supply has 8,980,828 DASH tokens in play. The total market cap of Dash is $846.722 million. At present, Dash is priced at $94.28, which might bring in new buyers [due to low prices].

Now folks can pay via DASH for parking their vehicles at this popular mall. This will lead to scores of transactions being completed using Dash coins instead of fiat currencies.

The Millennium Mall is situated in Western Venezuela, and the subsequent integration of DASH is bound to bring up adoption. A new article published by CoinDesk states that in spite of Ryan Taylor claiming Dash is more popular than Bitcoin in Venezuela, the reality is starkly different.

The merchants who have stores set up in the mall are gradually switching to Dash too.

The reduction in processing time has made queues shorter during these past few days. This is a great example of modernization. The value of banknotes have declined incessantly as hyperinflation has caused many to leave their age-old homes.

Dash is also the official partner for Travala, the most popular network involving crypto-payments. On this platform, they have been competing against Bitcoin [in terms of which coin is used to make the most number of transactions].

If we take a look at the candlestick chart for the DASH/USD pair on tradingview, we can note that the sellers are back in control. The daily RSI [for 10 periods] stands at 29.19, indicating Dash is in oversold territory.

Disclaimer - OBN is an informational website which aims to give the latest blockchain related news to the readers. Articles on OBN should not be considered as investment advice. Trading cryptocurrencies is a high-risk investment, every user is advised to consult an expert before making any decisions.