The number of daily transactions occurring on the Dash network has been rising slowly but steadily over the last year. In fact, there are now more transactions being performed using the crypto asset than there are on the Litecoin network.
Despite the network’s growing usage, the total Dash market capitalisation still lags a long way behind that of Litecoin. For some, this suggests that the market is not yet mature enough to determine real utility in crypto assets.
Dash Transactions Outpace Litecoin but ‘Flippening’ Still Looks a Long Way Away
At the time of writing, Dash currently sits in 22nd place on popular crypto asset comparison website CoinMarketCap. Even after a 24-hour pump of more than eight percent, the digital currency still only boasts a market capitalisation of just over half a billion dollars.
With Bitcoin still representing the asset with the hardest monetary policy in human history, other cryptocurrencies compete to fill different niches. One of the most prominent, and the one that Dash seems most suited toward, is a fast, decentralised means of payment.
There are several cryptocurrencies competing with Dash to fill this niche. One of them is Litecoin.
Litecoin is currently positioned much higher on CoinMarketCap’s listings, in sixth place. It has a total market capitalisation of more than $3.253 billion.
Interestingly, daily transaction volume of these two crypto assets does not show the same Litecoin dominance. According to data from BitInfoCharts.com, the number of transaction occurring on the Dash network has been growing over the last year or two. Meanwhile, Litecoin usage has been dwindling.
For some commentators on the crypto industry, the fact that both Dash and Litecoin now boast a very similar total daily transaction volume but widely different market caps is evidence that the digital currency market is not yet mature enough to value assets based on overall utility. Twitter user ~C4Chaos (@c4chaos) argues that this will not always be the case and those cryptos seeing most usage will eventually rise to the top.
at the very least, if crypto market cares about real fundamentals, then $DASH should be where #Litecoin is right now on the crypto market cap ranking. it’s only a matter of time before real cryptos with real utility rise up to the top. https://t.co/MbGAkw5rvi pic.twitter.com/hpJyqcLmqB
— ~C4Chaos (@c4chaos) January 6, 2020
Of course, the reality is not quite as simple as that. Although the Dash network is currently being used to transfer more value than Litecoin, this does not automatically mean that it has more value. The two assets are fundamentally different. Dash offers its users different types of transactions, including the privacy-focused PrivateSend and the speed-focused InstantSend. However, it also features a founders’ reward of sorts, which, despite helping with the project’s development, irks many cryptocurrency purists.
Meanwhile, others believe that Litecoin, being a fork of Bitcoin, will follow the leading digital currency’s price performance more closely than other projects. The narrative, however true it may or may not be, that Litecoin is the silver to Bitcoin’s gold, still clearly carries enough weight to account for the vast difference in the size of the two asset’s markets.
Related Reading: This Bullish Cryptocurrency is Asking for Investors’ “Attention”
Featured Image from Shutterstock. The post appeared first on NewsBTC. origin »
The DASH price is currently trading at $129. 98 as at the time of writing. On the upside, if the bulls break above the 12-day EMA, the crypto’s price will be in the bullish trend zone to revisit the $140 price level.
After a challenging 2018, DASH has ended Q1 and begun Q2 2019 strongly – emerging from the crypto winter on the back of well-received functionality upgrades and an increase in network activity.
Dash, a payments-centered cryptocurrency project, has just announced the results of the first election of the Dash DAO Irrevocable Trust protectors. Six community members from a pool of twenty candidates were selected by the project’s 5,000 masternodes, and will now oversee the project’s trust.
A massive spike took place today across the crypto markets at 4 am UTC today. Many major cryptocurrencies recorded increases in the double digits with all recording increases. The market leader Bitcoin has managed to outperform all the top altcoins, but altcoins are all recording strong price increases nonetheless.
Spending cryptocurrency might get a whole lot easier—if you’re hodling Dash, that is. A new Android app will make it easy to find stores and ATMs that trade in the thirteenth-biggest cryptocurrency.
On the upside, if the crypto’s price is sustained above the EMAs, the bulls will break the $120 price level. On the other hand, if the bulls fail to break the $120 resistance level, the crypto’s price will fall.
CryptoNinjas
VELIC, a digital asset platform based in Singapore, has announced today an investment from a fund managed by B Dash Ventures, a prominent venture capital business in Japan. The investment will jumpstart VELIC’s blockchain financial ecosystem, and Hiroyuki Watanabe, CEO of B Dash.
Although Bitcoin and most major cryptocurrencies have been seeing fairly limited price surges that are a far cry from the parabolic gains they saw in late-2017, some smaller cryptos – like Dash – have been able to post some relatively large gains since the start of 2019, which may be setting the tone for how.
Genesis Mining Launches New Dash Cloud Mining Offers For Customers The second half of 2018 was very difficult for cryptocurrency miners as a whole. It became increasingly difficult for them to operate in the space with falling crypto prices.
Even though this past weekend didn’t offer too much crypto market excitement, it would appear things are heading in the right direction again. All of the top markets have noted small to medium-sized gains at this time.
Crypto markets making steady gains; Dash, Monero, and Tezos moving well, Bitcoin down to 50% dominance. Market Wrap Crypto markets are holding steady and even showing signs of further gains this Monday morning.
Crypto markets remain in reasonable shape; Tezos still running, BNB and Dash close behind, EOS cooling off. Market Wrap There have been marginal declines for the majority of cryptocurrencies over the past 24 hours but crypto markets remain at their highest levels for the month with total capitalization still above $140 billion and looking to.
Провайдер цифровых подарочных карт и сервиса пополнения мобильных счетов Bitrefill добавил опцию бронирования жилья на Airbnb с помощью криптовалют. Finally, our most-requested product is here! Rent your next #AirBnB with crypto!!!https://t.
Cryptobuyer now collaborates with Venezuela-based merchant giant Traki and begins selling Dash through ATMs with zero fees A major crypto exchange in Latin America, Cryptobuyer, works with Bitcoin, Litecoin and Dash.
The price of DASH is $96.19 as at the time of writing. On the upside, if the price is sustained above the EMAs, the crypto’s price will reach a high of $100. DASH/USD Medium-term Trend: Bullish Resistance Levels: $96, $98, $100 Support levels: $94, $92, $90 Yesterday, March 28, the price of DASH was in […]
One of the highly-sought Crypto gift cards – Bitrefill – has just heralded the inception of Airbnb support. This, of course, implies that users will now be in a position to purchase gift cards for this online home and apartment rental giant in exchange for Ethereum, Bitcoin, Litecoin, Dash or Dogecoin. These vouchers will be […]
Dash, a top 15 cryptocurrency with a focus on payments, has announced a new milestone in its partnership with the largest crypto broker in South America, Cryptobuyer. As it seeks to further its mission of global adoption and expand influence in the Latin American economy, Cryptobuyer will be incorporating payment gateways with Venezuelan retail giant […]
The post Dash Expands With Cryptobuyer To Reach Retailers in South America appeared first on Crypto Briefing.
Bitcoin is the undisputed global crypto king. Its dominance on exchanges stands at just over 50 percent, and it’s the standard by which all other cryptocurrencies are measured. However, in Nigeria, a dedicated group is carefully scripting a different narrative.
Crypto, much like every other modern industry, is as competitive as a grade eight soccer championship. Case in point, much of this industry is based off which project is best. Bitcoin or Ethereum, Dash or Decred, and so on and so forth.
On the upside, if the bulls break above the EMAs, the crypto’s price will retest the $92 resistance level. On the other hand, if the bulls fail to break the EMAs, the crypto’s price will fall. DASH/USD Medium-term Trend: Bearish Resistance Levels: $80, $82, $84 Support levels: $78, $74, $72 Yesterday, March 25, the price […]
Tron has become the 15th crypto asset addition to the eToro market joining Bitcoin, Ethereum, Bitcoin Cash, XRP, Litecoin, Ethereum Classic, Dash, Stellar, NEO, EOS, Cardano, IOTA, BNB, and ZCASH on the platform.
The DASH price is trading at $89. 79 as at the time of writing. On the upside, if the bulls break above the EMAs, the crypto’s price will resume its bullish trend but may face resistance at the $94 price level.
The crypto’s price fell to the low of $92. 58 and was trending at the support of the 26-day EMA. On the upside, if the price is holding at the 26-day EMA, then the crypto’s price is likely to rise to retest the $96 resistance level.
The DASH price is trading at $91.88 as at the time of writing. The crypto’s price is likely to face resistance at the $92 price level. DASH/USD Medium-term Trend: Bullish Resistance Levels: $80, $82, $84 Support levels: $78, $74, $72 Yesterday, March 14, the price of DASH was in a bearish trend. The DASH price […]
Dash Masternodes will have an even greater say in how the network runs, with the first election of Trust Protectors this month.
The post Dash Elects Trust Protectors For Greater Oversight appeared first on Crypto Briefing.
Crypto markets recover from correction; Litecoin, BNB, Stellar and Dash going strong. Market Wrap Crypto markets have bounced back from the dip yesterday to the same level they traded at for the past few days.
Crypto liquidity is a big barrier for cryptocurrency adoption, but a new payments provider could help provide a solution. PolisPay, a blockchain payments service, has just announced the implementation of the Dash cryptocurrency for their MasterCard-backed debit card.
Presently, the crypto’s price ranges between the levels of $78 and $86. At the upper price level, traders should initiate short trades and exit near the lower price level. Also, at the lower price level, traders should initiate long trades and exit near the upper price level.
Yesterday, the bulls reached a high of $85. 14 but were resisted as the crypto made a downward correction. On the upside, if the price is sustained above the EMAs, the crypto’s price will rise and break the $86 resistance level.
Social trading and multi-asset brokerage company eToro has officially launched its crypto trading platform and wallet in the US, allowing customers from 32 states and US territories to trade 13 cryptoassets, including BTC, ETH, LTC, XRP, DASH, BCH, XLM, Ethereum Classic, NEO, EOS, ADA and Zcash, with more to be added in the near future, […]
The post eToro Launches Crypto Trading Platform and Wallet in the US appeared first on Coinjournal.
Today, Dash, a leader in cryptocurrency payments and e-commerce, announced a partnership with VegaWallet to implement new applications and utility for Dash’s blockchain-based payment protocols.
The crypto's price has fallen to the support level at $80.40. f the bulls defend the support level, the crypto's price will rise to break above the EMAs . DASH/USD Medium-term Trend: Ranging Resistance Levels: $80, $82, $84 Support levels: $78, $74, $72 Yesterday, March 4, the DASH price was in a bearish trend. On […]
Against the backdrop of numerous positive headlines, February was the first month to see Bitcoin’s price grow since July of 2018. Are cryptocurrencies bottoming out?
Cryptocurrency has changed a lot over the past year, but some projects have moved in an entirely different direction. Today’s Video Briefing takes a look at Evolution, the long roadmap for the DASH coin that some hope to accelerate adoption for the fifteenth-biggest cryptocurrency.
The latest issue of Diar points out that Bitcoin miners and other crypto miners have made tens of millions of dollars without processing a single transaction. The major proof-of-work blockchains, Bitcoin, Ether, Litecoin, and Dash, have earned in excess of $18 billion.
Большинство людей относятся к национальной криптовалюте Венесуэлы Petro скептически, а многие и вовсе сомневаются в ее существовании. Венесуэльцы рассказывают, что за последние месяцы они не заметили, чтобы криптовалюта использовалась на практике.
Market Wrap Crypto markets still rallying; EOS and BCH running away with it, Cardano, Dash and ETC performing well. The big crypto rally which began with Ethereum yesterday has continued today where a different top performer has emerged.
Начав свое существование в прошлом году, Crypto Emporium была нацелена на люксовую нишу, предоставляя огромнейший спектр товаров. Как рассказал СЕО крипто-стартапа Стивен Трэверс, сообщество Dash было просто в восторге от такой новости.
The crypto market continues to grow despite the pessimism of many. Although the global market cap has dropped considerably after reaching a record high in 2017, the level of adoption and development around cryptos and.
Several points of sale are scheduled to be established in France for a number of currencies, such as Bitcoin, Ethereum, XRP, and Litecoin. Crypto-startup Digycode released crypto coupons last year and it is now expanding its offering with a payment processor Ingenico.
Gravitating towards lows, crypto asset prices may be stuck in the winter. Luckily, it is localized and days after announcing their support for Litecoin and DASH, Spend. com now supports XRP. XRP is the native currency.
The cryptocurrency market has been witnessing an exciting surge in recent weeks, with several altcoins gaining traction as Bitcoin (BTC) approaches $100K. Among these, Dash (DASH) stands out, hitting a five-month high as its bullish momentum accelerates.
In a turbulent cryptocurrency market, Dash (DASH) is positioning itself for a potential rebound despite broader declines. As Bitcoin fell below the $60,000 mark on Wednesday, a wave of selling swept through altcoins, including Dash.
История начальника отдела Следственного комитета по Тверскому району Москвы Марата Тамбиева, обвиненного во взятке размером 10 млн рублей, внезапно пропали 1600 биткоинов, говорит адвокат.
Юрист компании Morgan Mac Lawyers заявил, что интерпретация Комиссией по ценным бумагам и биржам США (SEC) теста Хауи в деле Ripple должна быть «конкретной и правдоподобной, а не притянутой за уши».
Dash has held a steady price of $73.40, reflecting only a small change of 1.27% over the past 24 hours amidst a broader downturn in the cryptocurrency market.
Privacy-focused cryptocurrency Dash (DASH/USD) saw increased buyer interest on Wednesday. As cryptocurrencies turned up, the token’s value increased by 20%, one of the strongest. DASH was riding on the positive sentiment, pushing above the $40 resistance.
DASH is among the cryptocurrencies exiting Huobi Global Privacy-linked tokens have been a target…
The post DASH faces delisting by Huobi, but how is the price behaving? appeared first on CoinJournal.
