DASH Continues to Dance and Prance with a ‘Blitzen’ Performance as the Crypto Market Spikes
Even though premier currencies such as ETH, EOS, XRP have witnessed a decent level of upward price movement recently, smaller tokens like DASH have witnessed way more price action since the start of the year.
Infact, some market commentators have been saying that Dash’s recent upswing is quite reminiscent of the 2017 crypto boom— wherein a large number of cryptocurrencies saw double digit gains for extended periods of time, thus pushing their prices to their ATH values.
Dash’s Performance Over Past 60 Days Has Been Remarkable
At press time, we can see that over the course of the past 24 hours, Dash has incurred gains of around 8% — thereby increasing the price of the asset to just over the $113 mark. Not only that, a quick look at the altcoins’ weekly performance chart shows us that the crypto-offering has been posting steady gains over the past week or so.
From a historical point of view, we can see that a couple of months back (Feb.) Dash was trading for around $65— a price point that was quite poor when compared to its then annual high of $79. Despite all of this, Dash saw a significant increase in investor interest shortly thereafter which lead the asset to gradually move up to its current price levels.
From mid-Feb to March the currency saw steady upward movement but by the end of March, Dash’s price climb turned “parabolic” — primarily due to the release of the Dash Core v0.14.0 upgrade. To be even more specific, over the aforementioned time frame, the price of the currency increased by a staggering 70%.
In regards to all of these developments, eToro’s Mati Greenspan, recently posted a tweet where he referred to Dash as being the “winner” of this years altseason.
“Today’s #altseason winner is $Dash! A steady gain of 8.3% over the last 24 hours while the rest of the crypto were mixed,”
A sready gain of 8.3% over the last 24 hours while the rest of the crypto were mixed. pic.twitter.com/8xqsv4QRiw
— Mati Greenspan (@MatiGreenspan) March 31, 2019
Other Key Points Worth Noting
- As mentioned previously, Dash’s parabolic ascent can largely be attributed to the launch of Dash Core v0.14.0 onto the currency’s testnet — a decision that was announced by Dash Core Group on March 28th.
- For those of our readers who might not be aware, the aforementioned update presents users with a plethora of new features such as Long Living Masternode Quarums (LLMQs), LLMQ-based ChainLocks and LLMQ-based InstantSend.
In closing out this piece, it should be mentioned that along with Dash, a number of other crypto assets too have witnessed amazing gains since the beginning of 2019. However, it now remains to be seen what the future has in store for this market as a whole.