One Altcoin Is Pumping Amidst the Red Crypto Market
March has been a rollercoaster in the cryptocurrency market. After crashing down hard last week, the market is finally picking up speed again.
Small-cap cryptos are actually the ones leading the market, now only down 23% in March having bounced off of the lows from last week. Last Friday, the small-cap index was down over 40%, only to make a strong recovery.
One of the very few crypto assets that are currently in the green in the crypto market that has yet again turned red is Dash.
The 18th largest cryptocurrency by market cap of $670 million is currently trading at $70.22 with 24 hours gains of 4.12%. Earlier this week, the digital asset went down to $39.80 but is up 48.80% in the past 7 days. During the past week, the digital asset jumped 30% against BTC and over 44% in the ETH market.
Up over 62% so far in 2020, Dash, however, is down 96% from its all-time high of $1,726 hit in January 2018 during the bull run.
The digital asset has also started to record an uptick on its blockchain. Recently, 614.72k DASH was transacted on-chain recently.
Active addresses that fell to 42.6k at the beginning of the second week of March bounced to 181k earlier this week and are currently around 76.5k.
New addresses created have also risen to 83.2k while the number of addresses in the money increased from 19% to 23%, noted crypto analysis company IntoTheBlock.
The most important update has been the release of v0.11. The new Dash Platform release os the testing environment for platform functionality with a significant update to Evonet. Other updates Include register public data contracts, DAPI now works in web browsers, distribution package for local development and Evonet, insecure endpoints have been removed, and updated Dash core to v0.15.
#Dash is looking strong! 📈👀💪
The market is responding very well to @Dashpay platform v0.11 release.
This release includes the ability to register public data contracts, DAPI for web browsers, plus installation packages for Evonet & local development.https://t.co/YJqAIC8uTX pic.twitter.com/tCHDwa0nAd
— Mark Mason (@StayDashy) March 21, 2020
Small cap coins like Curecoin up 54.81%, Bluezelle 32.69%, Blockmason 25.77% are experiencing gains. However, these coins have extremely low volume, some having as low as $1,500.