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Dash price analysis for the day; DASH Investment Foundation goes LIVE as Ryan Taylor rejoices

Bitcoin

Dash is ranked at #17 underneath Ethereum Classic on coinmarketcap. A minute jump was noted in the course of the past 24-hours i.e. the price ascended by 0.45% which brought DASH all the way up to $81.25. The trading volume recorded is $186.381 million, whereas the supply has 9,022,523 DASH coins in play. As of this moment, the total market cap of Dash is $733.123 million.

According to the data obtained from the DASH/USD chart on tradingview, sellers have ensured that Digital Cash consolidates. The 4-hourly RSI is about to reach 50, and the MACD line is at the north of the signal line. Resistance lies near $84.14 which seems to be a difficult target for Dash so far. Although, the peaks for the Awesome Oscillator [colors keep changing] are above the zero line, which is a sign of hope. Support can be found close to the $79.605 mark.

Although Dash has underperformed since the last week of August, adoption hasn’t slowed down. This is because Digital Cash has a particularly large fanbase in Latin America; mainly in Venezuela, Argentina, Peru, and so on. The Dash Core team is planning on bringing about a similar DASH Revolution in Africa too.

However, Dash Nigeria isn’t as big a name as Dash Latam. In Thailand it is a different story; several stores [art galleries, restaurants] have begun accepting Dash payments. A few weeks back, out of the blue, Litecoin creator Charlie Lee had expressed criticism towards Dash. Instamining became a topic of controversy. This matter has cleared up, although Litecoin has declined post-halving and is presently priced at $65.75.

I believe that Dash should consider investing in India. There are only three Masternodes linked to this South-Asian nation, where cryptocurrencies are frowned upon to this day. As Bob Dylan sang, “The Times They Are a-Changing”; virtual currencies shall never be outwitted due to poor governmental policies.

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.