DASH Archives - 2100NEWS

Luka GlogoskiDecember 27, 2017

2min554

With only a few days left in the year 2017, it’s time to look back at how far we’ve come in the crypto world since this time last year.

While bitcoin grabbed the most headlines in 2017, it’s not been the best performer by any measure. While impressive at 18x growth, it’s fairly paltry compared to Ethereum’s 106x, Litecoin’s 64x or Ripple’s 206x multiplier.

Continuing down the list there’s more good news for all top token hodlers from 2016.

Perhaps surprising, the top 12 coin which brought the biggest gains in the past 365 days has been NEM with a 264x multiplier.

On the other hand, the most “disappointing” coin has been Iconomi, which fell from 12th place all the way to 82nd and only returned an 8x gain to its investors.

In case you’re wondering, if you had invested €1,000 in each of the top 12 coins on 25th December 2016, your coins would be worth €927,000 today. That’s 7725% return on investment. Not too shabby.

Congratulations to Bitcoin, Ethereum, Litecoin, Ripple, Dash, NEM and Monero, which have managed to hold on to top spots and (ignoring Bitcoin forks) welcome to the newcomers to top 12 IOTA, Cardano, EOS, NEO & Stellar.

As we enter 2018 with great excitement and trepidation, it will be fascinating to see what this chart looks at the end of December 2018.

Good luck to everyone with your picks of future top coins.


Kim GrošeljDecember 21, 2017

4min318

Dash price increased today, price rose to $1,557.79 for a market capitalization exceeding $12 billion, marketcap data from CCN shows. The price marked the highest price, which began rising the past spring.

Dash’s price accelerated significantly, from $1,126.85 on Tuesday to $1,576.93 yesterday afternoon. Dash more than doubled the all-time high of $600 that it reached about one month ago.

 

The latest version of Dash Core, which was deployed just days before the rally began to accelerate in November, increased the Dash block size to 2MB and added several other improvements; including reduced transaction fees and more efficient private transactions.

Dash also established KuvaCash. This is a pilot program intended to promote Dash adoption in Zimbabwe, a country with a notorious history of monetary policy. Zimbabweans are disenchanted with their central bank’s inflationary bond notes. Some residents have turned to cryptocurrencies as an escape hatch.

Almost half of Dash’s volume is concentrated on South Korea exchange Bithumb, a major driver for altcoin demand, even though demand on that exchange is often associated with pump-and-dump schemes.

Dash is among the altcoins to post strong performance this past week; as bitcoin’s dominance index fell below 50% for the first time since October. After a week-long rally, Dash, Ethereum, Litecoin, Ripple, Cardano, IOTA, NEM and EOS, all of the top 10 cryptocurrencies with the exception of bitcoin and Bitcoin Cash, recorded a daily gain of over 10%.

What is driving the growth?

The past week, analyst claim that the entrance of institutional money and hedge funds into the cryptocurrency market initially by Bitcoin Futures have led investors to explore other cryptocurrencies in the market.

Others have attributed the success of altcoins to the issues of bitcoin and the lack of Segregated Witness integration by businesses. Leading wallet platforms like Blockchain and Coinbase, along with bitcoin transaction fee prediction platforms, have been recommending a transaction fee in the range of $10 to $30; due to the state of the bitcoin mempool; the holding area of unconfirmed transactions.

Dash has its own scalability plan that’s focused on on-chain scaling. Dash’s founder Evan Duffield stated in a Medium blog that many believe that on-chain scaling is impossible. But that’s because they haven’t explored alternative P2P architectures for better performance. He said that Dash intends to show how far an incentivized second tier architecture can take a project.

Earlier this year, Dash released its roadmap for mass adoption. Dash Evolution has been designed as a scalable and user-friendly currency platform for mass adoption.

The user capacity will increase with each development stage. Dash plans to double the number of developers with each release.


Kim GrošeljDecember 15, 2017

1min394

The cryptocurrency Dash wasn’t stable over the last few months, but the price is increasing. A new win for the currency has come from a partnership with CoinBR, a Brazilian cryptocurrency company.

The connection is a win, especially for Dash. CoinBR is a platform and enables the cryptocurrency to be used in 13,000 locations through the Brasil which support CoinBR platform.

The network has been growing quickly over the past few months and the price has followed it. The digital currency recently announced that 2 MB blocks have now been activated on the network in order to increase transaction efficiency. The currency is eyeing an increase to 5 MB blocks next.

Inclusion into the Uphold crypto app adds to increasing adoption efforts. The price of Dash has responded in kind, with the price rising from $300. Currently, it is worth $873.

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