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Dashcoin

Does the Dash currency have any growth prospects?Today is a global review of the DASHUSDT trading pair. Probably not many current crypto participants remember this, but at the end of 2017 in early 2018 at absolute highs Dashcoin was worth almost $1600. And then the dark times for Dash investors began, as the $50 level the third time in 4.5 years pulled a price to them By now, the Dashusd price is trying to get a foothold above $50. This maneuver gives a chance to suppose that in the coming weeks/months we might see a rebound up to the level of 115$ on the chart. Then in the area of $115 will be decided the fate of the Dashcoin's price further movement: the continuation of growth to the area of 200$ or down to 50$ again. But we will write about it in our further reviews of Dashusdt pair, analyzing the actual trading situation on crypto in the future on smaller timeframes, looking back at this global chart of Dashusd price. _______________________________ Since 2016 , we have been analyzing and trading the cryptocurrency market. We transform our knowledge, trading moods and experience into ideas. Each "like under the idea" boosts the level of our happiness by 0.05%. If we help you to be calmer and richer — help us to be happier :)
by P_S_trade
44
DASH bullflagThere is a bullflag on dash on the daily. I opened a trade at 126 because it is the bottom of the channel (channel of resistance and support in red lines) of the bullflag. It could break out with this next daily close. wether you want to open a dash trade now or wait for potentially dash to go 126 again depends on you. Just make sure your stoploss is 120 or below! DYOR NFA. I don't have recommended leverage or entry for this trade. Only thing I can give you is that 126 is support and 134 is resistance. best price of purchase would be 126 but that is if it even hits there again. U decide wether u think it will or not and open ur position. ALL I KNOW IS STOPLOSS 120 OR BELOW AND TP 175!
Long
by blz_legend
DASH (Dashcoin) Coin Analysis 26/03/2022Fundamental Analysis: Dash is an open-source blockchain and cryptocurrency focused on offering a fast, cheap global payments network that is decentralized in nature. According to the project's white paper, Dash seeks to improve upon Bitcoin (BTC) by providing stronger privacy and faster transactions. Dash, whose name comes from "digital cash," was launched in January 2014 as a fork of Litecoin (LTC). Since going live, Dash has grown to include features such as a two-tier network with incentivized nodes, including "masternodes," and decentralized project governance; InstantSend, which allows for instantly settled payments; ChainLocks, which makes the Dash blockchain instantly immutable; and PrivateSend, which offers additional optional privacy for transactions. According to its website, the goal of Dash is "to be the most user-friendly and scalable payments-focused cryptocurrency in the world." To accomplish this, the project relies on a network of masternodes, which are servers backed by collateral held in Dash that are designed to provide advanced services securely and governance over Dash's proposal system. In exchange for part of the block rewards, masternodes provide a second layer of services to the network. They facilitate functions such as InstantSend, PrivateSend and ChainLocks. Dash is marketed to both individual users and institutions, including merchants, financial services, traders and those who need to send international remittances. In October 2020, Dash Core Group reported that its strategic objectives moving forward include building its ecosystem and brand, ensuring that users are satisfied and further advancing the technology behind the network. Dash's governance system, or treasury, distributes 10% of the block rewards for the development of the project in a competitive and decentralized way. This has allowed the creation of many funded organizations, including Dash Core Group. In addition, the Dash Foundation, which advocates for the adoption of the cryptocurrency, receives donations and offers paid individual and institutional memberships. Dash uses a two-tier network to secure its transactions. The first tier consists of nodes that carry out mining operations under a proof-of-work consensus protocol, meaning that they compete to solve complex cryptographic problems and at least 51% of nodes must approve a transaction for it to be added to the blockchain. The PoW algorithm used by Dash is called "X11" — a custom hashing algorithm developed by Dash founder Duffield that uses a sequence of 11 hashing algorithms. According to Dash's documentation, X11 is "one of the safest and more sophisticated cryptographic hashes in use by modern cryptocurrencies." The second tier consists of masternodes operating under a proof-of-service consensus algorithm in which masternodes are rated based on their history of providing good services to the network. Masternodes oversee the network and have the power to reject new blocks added by nodes if they were approved improperly. They also enable Dash's ChainLocks feature, which increases security because every 12 hours, a rotating group of masternodes observe and confirm all new blocks added to the blockchain. Dash's developers have stated that this protects the network against 51% attacks. Dash was founded by software developers Evan Duffield and Kyle Hagan. The project was originally called XCoin, changing its name to Darkcoin two weeks later before rebranding again to Dash in March 2015 in an effort to positively change its image. Before launching Dash, Duffield was a software developer with experience in finance, from his time working at Hawk Financial Group, as well as in public relations, having developed machine learning algorithms and search engines. He first conceived of Dash in 2012 as a way to add more anonymity to Bitcoin — hence, originally calling it Darkcoin. Duffield has claimed that he started it as a hobby, coding it in just one weekend. Duffield served as CEO of Dash Core Group — the company that supports the continued development, integrations and other activities of Dash — until December 2017 when he stepped down to focus on other strategic initiatives. Hagan co-authored the original Darkcoin whitepaper alongside Duffield. However, he left the project early on in December 2014. The maximum number of Dash tokens that can be issued is 18,921,005. However, this figure ultimately depends on how the governance decides to allocate the 10% of block rewards reserved for budget proposals. If none were ever allocated, only 17,742,696 DASH would ever be emitted. New Dash tokens are created through a proof-of-work mining algorithm in which the token emission rate is decreased by one-fourteenth, or approximately 7%, every 210,240 blocks, or about every 383 days. Approximately 45% of new DASH is awarded to miners, 45% to masternodes and 10% to fund future proposals. In August 2020, a proposal was approved that will, once in effect, change the ratio of coins awarded to miners and masternodes from 50/50 to 40/60, respectively. Within the first 48 hours of Dash's launch, approximately 2 million coins were mined, which significantly exceeded the planned emission schedule. Dash was originally forked from Litecoin, which suffered a similar issue at its launch due to a bug in its difficulty adjustment algorithm. While it is well-documented that Dash inherited the bug from Litecoin, there has, nonetheless, been widespread speculation about whether the resulting fastmine was intentional to benefit early miners. The current CoinMarketCap ranking is #72, with a live market cap of $1,378,795,303 USD. It has a circulating supply of 10,641,166 DASH coins and a max. supply of 18,900,000 DASH coins. Technical Analysis: As you can see the Price Value has fallen to 85% of its All Time High and it seems to be very Discounted and Undervalued at the moment and it can be considered as a good investment opportunity. The flow of Smart Money at this moment is very obvious as this asset is at the Accumulation phase currently and can Blast to the higher levels post its Accumulation. There exist a Bullish Divergence of Price and MACD which can be interpreted as the Bearish Trend Reversal and beginning of the new Bullish trend and new cycle. We have defined the Total of 3 Targets using the Fibonacci Trend Base Extension levels, which can forecast the Hight of the upcoming cycle, The 3 TP gets confirmed as the Price Triggers the 2 TP followed by some Price Correction.
Long
by BitonGroup
Dash Coin Analysis 09/03/2021this is an update of our initial analysis which we got the TP Achieved and now updating it with more descriptions Dash is an open-source blockchain and cryptocurrency focused on offering a fast, cheap global payments network that is decentralized in nature. According to the project's white paper, Dash seeks to improve upon Bitcoin (BTC) by providing stronger privacy and faster transactions. Dash, whose name comes from "digital cash," was launched in January 2014 as a fork of Litecoin (LTC). Since going live, Dash has grown to include features such as a two-tier network with incentivized nodes, including "masternodes," and decentralized project governance; InstantSend, which allows for instantly settled payments; ChainLocks, which makes the Dash blockchain instantly immutable; and PrivateSend, which offers additional optional privacy for transactions. According to its website, the goal of Dash is "to be the most user-friendly and scalable payments-focused cryptocurrency in the world." To accomplish this, the project relies on a network of masternodes, which are servers backed by collateral held in Dash that are designed to provide advanced services securely and governance over Dash's proposal system. In exchange for part of the block rewards, masternodes provide a second layer of services to the network. They facilitate functions such as InstantSend, PrivateSend and ChainLocks. Dash is marketed to both individual users and institutions, including merchants, financial services, traders and those who need to send international remittances. In October 2020, Dash Core Group reported that its strategic objectives moving forward include building its ecosystem and brand, ensuring that users are satisfied and further advancing the technology behind the network. Dash's governance system, or treasury, distributes 10% of the block rewards for the development of the project in a competitive and decentralized way. This has allowed the creation of many funded organizations, including Dash Core Group. In addition, the Dash Foundation, which advocates for the adoption of the cryptocurrency, receives donations and offers paid individual and institutional memberships. Technical Analysis: as we can see this coin has past from the its Accumulation Zone and started its rally, there exist a Hidden Bullish Divergence with MACD Histogram which is the sign of trend Continuation earlier we had Projected Our Past Target using Fibonacci Projection Tool where the Price has Touched the 61.8% (Extension Level) and retraced back down to 100% or parallel legs, so we can be sure about the 161.8% of the same Fibonacci projection which is our 1 TP, 2TP is 261.8% of the same Projection and we can be optimistic about it when the price retraces from our 1TP and start its Major Impulsive wave.
Long
by BitonGroup
17
There is a Short opportunity on DASHUSDTIn the DASHUSDT chart, there is a trading position based on technical analysis factors for Short, including the breakout of Uptrend After the breakout the price stopped in the range of important support and the number 100$ and Fibonacci 50. It is expected to have a Pullback to the broken uptrend and then go down to the zone of 90$ and 80$, I hope it is profitable for you ❤️ Please support our activity with your likes 👍 and comments 📝
Short
by NamchaTa
DASH Goes Orange... Bullish Setup Hanging on by a Thread!Dash (DASHUSD) pulled back very hard again breaking below our previous low of 146.88, which means that we did not actually complete that pesky subwave-(ii) pullback that we THOUGHT we had finished back on September 28th. Therefore, our PURPLE primary pattern has invalidated , leaving the ORANGE pattern as the new primary . This means that our the subwave(i) remains the same, but now we have a deeper subwave(ii). LTC and LINK are also in a similar situation at the moment. Our new ORANGE pattern subwave(iii) target projects between 453-576 while the subwave(v) target projects between 669-850. The ultra-bullish GREEN box targets overhead haven't changed as they lie along very strong Fibonacci confluences. There is still a chance DASH can extend to those, but we are in a precarious situation. There is major support at 101 below, and breaking that would mean we ARE following the bearish RED alt pattern which could take DASH all the way down into the 60 range. We've seen similar action in BCH, ETC, and EOS. In the near-term, it does look like DASH could get a lower-low. While BTC and ETH, which lead the crypto space, had been keeping things bullish all this time, they are getting dangerously close to breaking their own supports, so keep an eye on those! Ethereum must hold 3500! It advisable to buy via DCA, dollar-cost averaging as your primary means of continuing to invest into DASH and other cryptos. This reduces the likelihood of inadvertently only buying highs by detaching your emotions from the process. This subwave (v) top should coincide with the major top in BTC and ETH and will likely precede a ferocious crash across the crypto sector. This would be a great time to take profits and reallocate into other asset classes or Stablecoins. We may see a multi-year bear market specifically in Bitcoin and Ethereum, but many altcoins may see a shallower, more brief pullback followed by their own rallies to record highs DURING this time. Farther out, there is a very strong, high-confluence target of 8233 that looms within the realm of possibility! While this crypto is not as popular as many of the other alt coins I've analyzed, Dash is one of the few altcoins along with Polkadot, Polygon, and Solana that HAS hit its standard Wave 1 target that allows us to maintain such lofty targets for subsequent rallies (just as with BTC & ETH). I use Elliott Wave analysis to project price levels for different assets and asset classes. EW is a form a technical analysis that is absolutely NOT based on fundamentals. Please be aware that this is not intended to act as financial advice. I am not a trained or certified financial professional. You may invest based on a strategy tailored to your own skill and risk-tolerance levels. #dash #bitcoin #ethereum #blockchain #litecoin
KRAKEN:DASHUSDLong
by Critique-al-Thinker