Friday, August 18, 2017

Dash Price Reaches $250 Ahead of Global Conference in September

In the world of Bitcoin and other cryptocurrencies, one would almost forget there are other projects which have been around for many years. One of these projects is Dash, a cryptocurrency focusing on anonymity and privacy. Although there is some competition in this space, a lot of people like Dash. The Dash price has risen quite a bit over the past few days, as the popular altcoin reached a value of $235.

Every cryptocurrency in the world can reach a new all-time high these days. That is not a bad thing by any means, as those currencies with actual potential deserve a lot more praise than they are getting. One of the currencies with such potential is Dash, a cryptocurrency which as been around for quite some time now. With a solid team of developers working on various features to improve anonymity and privacy, Dash has been a lot of people’s radars over the past year.

It is important to remember Dash had a good run earlier this year, as the value of this particular cryptocurrency showed sudden signs of life. More specifically, In February of 2018, one could purchase a single Dash for around $20. Today, that same Dash would be worth $235, result in an effect 1,075% increase in value over the past six months. People who have this currency in their portfolio didn’t have to do anything to obtain this value increase. Instead, the market price adjusted automatically, partially thanks to Bitcoin’s price going up by quite a margin.

After setting a new all-time high of $205 in early July of 2017, Dash started dropping in value again to around $133. A sharp value increase is often followed by a correction, which is something no currency or asset can avoid. However, contrary to what most people expected, the Dash price bounced back pretty quickly and brings us to the current price of $235. This is not the all-time high for this currency, though, as that price was hit earlier this week when Dash was valued at almost $250.

All things considered, this year has been pretty solid for Dash. With under 7.5 million coins in circulation, there is still a lot of room left for future price gains. Keep in mind large number of coins are locked up in network masternodes, which provide service to users such as the InstantSend feature. Additionally, the iOS wallet for Dash was finally approved a few weeks ago, which bodes well for the future of this currency. All it needs now is more trading volume, even though South Korea’s Bithumb exchange is generating its fair share so far. With just $81m in 24-hour volume, though, Dash is well behind most other top cryptocurrencies.

The good news for Dash is how their upcoming conference may attract a lot of positive momentum moving forward. According to the information we have received, the Dash Conference takes place in London, England on September 24. It is a precursor of the World Blockchain Forum, which takes place over the following two days. During the conference, we will see various panels and speeches regarding Evolution, the Dash Debit Card, and the new Dash Labs hardware tech brand. This first global conference will be quite significant for this particular currency, to say the least.

In the end, it is hard to predict what the future will bring for Dash. A lot of puzzle pieces are finally falling into place, which is a good sign. Bitmain recently announced a new ASIC miner to support the network as well, which will get more people interested in this currency. If Dash can somehow find a way to increase its global exposure and improve the trading volume ahead of their conference, interesting things will keep happening. For now, the $235 price is more than respectable, although no one should rule out a potential increase to $300 or more.

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