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Dash Rises 25% In A New Short Term Bull Run

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At the start of the weekend, Dash continued moving upwards alongside a strong buying sentiment period.

Last Wednesday, DASH/USD established a weekly low at 156.60-fiat and later the pair went through a recovery phase at 186.70-fiat showing crucial resistance during the next day trading session. In the past 24 hours, the pair managed to record a new daily high near 196.30-fiat.

The reasons for this rally can be found in the new membership that Dash made with Krypto Mobile Corporations, a South American startup. The mobile company integrated a Dash payment option for all the crypto-enabled mobile phones. This company is most active in financially weaker regions such as Latin America and especially Venezuela. Merchants will now have an option to choose Dash instead of the non-reliable Bolivar.

Dash is really popular in Venezuela and this is one of the reasons for partnering with a South American company. More than 3,000 merchants that are listed on the Krypto Mobile Corporation services, nearly half of them are from South America. It’s really important to note that Dash hasn’t shown a decline in adoption, unlike Bitcoin and Bitcoin cash.

The DASH/USD pair reached a new breakout point at 61.8 Fibonacci retracement level so now the market is waiting for the pair to test 200-fiat as a potentially new resistance point while finding a support level at 190.04-fiat. If the price breaks below this point, we could see a fall towards 170.67-fiat. Analysts advise that a long position right now looks a bit risky but if there is a breakout scenario, the pair could test 212-fiat as the next upper target.

DC Forecasts is a leader in many crypto news categories, striving for the highest journalistic standards and abiding by a strict set of editorial policies. If you are interested to offer your expertise or contribute to our news website, feel free to contact us at editor@dcforecasts.com

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Dash Will Get New Monitoring Features Thanks To PARSIQ

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Dash will get a new monitoring feature thanks to  PARSIQ, a real-time blockchain intelligence, and activity platform has declared it will provide compliance and monitoring features to Dash, a cryptocurrency based on blockchain with its focus on payment solutions that have thousands of merchants and a payment volume of above USD $1.52 billion. Dash NEXT, the well-known business development unit of Dash will pair with PARASIQ and will be cooperating in a strategic partnership to bring real-time crypto payment notifications through Smart-Triggers, automated accounting and reporting for settlement partners, and compliance tools for third-party applications integrating with Dash as per the Dash news reports:
 “With the integration of better monitoring and automation tools, we are excited to continue expanding the digital payments ecosystem across Asia.”
Because of this partnership, merchants that accept Dash can get real-time payment notifications via their preferred transport instruments like email and instant messaging. Merchants can get real-time insights into their business, with automated accounting, reporting, and alerts of high-risk doubtful transactions. End-users in the coin's community have the opportunity to be notified instantly about payments on their phones and get info about the amount and price of the coin at the time of the payment. This reduces the time and effort needed to confirm the exchange rate between the coin and local currency quite substantially. The technology of PARISQ also gives the opportunity for 24/7 monitoring of funds and users will get real-time notifications of any activity in their crypto wallet for more meaningful user experience.
 “Users and businesses that transact with Dash will now have the ability to create Smart-Triggers and use the benefits of PARSIQ’s real-time blockchain monitoring. We will automate payment confirmation notifications, audit, security monitoring and user activity on the Dash blockchain. It’s a leap towards bringing additional benefit to the Dash community and yet again increasing the range of blockchains that PARSIQ supports.”
As Dash partners with Simplex, the leading cryptocurrency establishes itself in a good way. Right now, the Dash news show that the coin has a market cap of over $1 billion and operates a peer-to-peer network that is backed by a large online community of developers and adopters, many of whom are running the open-source crypto software.
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KuCoin Announces DASH/USDT Trading Pair In The Dash News

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The Dash news today show that the KuCoin platform recently announced that it has opened a trading service for the DASH/USDT trading pair in its spot trading desk. As KuCoin announces the new trading pair, we can also see a video representing the new update within a Twitter post. https://twitter.com/kucoincom/status/1231831539714908160 For those of you who are not actively following our crypto news, KuCoin is a global cryptocurrency exchange which offers a variety of digital assets and currencies. It is actually dubbed 'The People's Exchange' and was launched in September 2017, initially based out of China but moving its headquarters to Hong Kong sooner after that for its crypto-friendly regulations. Ever since then, the exchange managed to grow to over 5 million users from over 100 different countries. The daily trading volume of over $320 million is now a serious number to look out for. As KuCoin announces the new DASH trading pair, we can see that the Dash news are promising a good period for traders. Last week, KuCoin also announced that it would be adding support for the Canadian Dollar (CAD), bringing the total number of fiat currencies on the platform to 12. Meanwhile, Dash continues to see a remarkable growth and the altcoin has gained tremendous momentum recently. Earlier this month, it was added to the Binance Futures trading platform as the exchange launched a DASH/USDT perpetual contract with up to 50x leverage. Known as a next-gen cryptocurrency, the Dash news show that in January 2020 alone, the altcoin surged by a staggering 178% which is why it is still viral - going from $41.87 to $116.43 and achieving the status of being the biggest winner among the top 20 coins. Ever since then, the cryptocurrency grew to over $133.55 and currently stands at just over $104 as of the close of the market yesterday. Anyways, the fact that KuCoin announces support for this coin is big and traders are ready to embrace the full potential of Dash (DASH) in the upcoming events. Despite the recent losses, the altcoin still has a lot of room to grow and now that it is a member of the top 20 largest cryptocurrencies by market cap, it will probably be motivated to make the news with new developments and features.  
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Mexican ATMs Will Now Support Dash (DASH)

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The Mexican ATMs will now provide support for DASH to over 11,000 ATMs, which will create a huge influx of crypto interest. This addition comes in after the announcement of a partnership between Dash Pay and cryptocurrency company Tauros. A well-known cryptocurrency remittance organization in Mexico, Tauros, is popular for its cause of making the purchasing of cryptocurrency easier for people.
 ‘’The United States of America and Latin America together have become great places for cryptocurrency usage. The Latin American countries have taken bigger share from the pie because of the high update within the cryptocurrency industry.’’
Dash cryptocurrency, is one of the huge altcoins on the charts that have been a great help for growing economies. After enjoying great growth in countries like Venezuela and Colombia, now Dash has set it's to course on conquering Mexico.  With the newest addition, the people that use ATM will have the opportunity to purchase Dash with Mexican Peso The Chief Executive Officer of Dash Core Ryan Taylor said that the ‘great partnership’ between them will make the way for even more development in the region. He added for the latest dash news:
 “[The Bitcoin ATMs] Infrastructure that can continue growing our Latam [Latin-America] remittances strategy going forward and help expand our use for payments in Mexico, even among the unbanked. This is another great partner for Dash.”
The cryptocurrency market has remained strong in states with flailing economies. That was the number one reason why Dash and Bitcoin turned into superstars in countries like Venezuela. Past studies had presented that merchants in Venezuela had started to accept Dash coin as an instrument of payment for elementary necessities. This custom came in right in the middle when the regime imposed its own state-backed cryptocurrency, the Sovereign Bolivar. There are certain reports that predicted that Dash cryptocurrency may have over 1 million users in Venezuela by the end of this year. Mark Mason noticed that from May of 2019 to December of 2019 there was a growth of 569% in Dash wallet usage in Venezuela. The number of devices that utilized the Dash wallet application had grown from 7,597 in May of 2019 to 50,336 in December of 2019.
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Dash Partners With Simplex, Offering A Fiat On-Ramp To Its Users

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The digital currency and blockchain governance network Dash partners with the fiat infrastructure leader Simplex in what is seen as the latest alliance which would enable the DASH token to be purchased with credit card. The Dash news also show that the cryptocurrency will be offered by Simplex for purchase with credit cards through its partners. For those of you who don't know, Simplex is an EU-licensed financial institution that has been leading the fiat infrastructure for crypto. With headquarters in Israel, Simplex has 128 active partners and supports 10 different cryptocurrencies. The company is known for its proprietary fraud detection algorithms which are eliminating the risk of fraudulent card payments. As Dash partners with Simplex, the leading cryptocurrency establishes itself in a good way. Right now, the Dash news show that the coin has a market cap of over $1 billion and operates a peer-to-peer network that is backed by a large online community of developers and adopters, many of whom are running the open-source Dash software. While Simplex has previously entered partnerships with crypto companies such as Tron Foundation and Cosmos Network, the companies behind TRX and ATOM, now that Dash partners with Simplex we can see that their fiat infrastructure for crypto is expanding. Additionally, the company is working with some of the biggest names in the industry such as Binance, KuCoin and OKEx, integrating with all of these platforms to let users expand their portfolio by purchasing cryptocurrency with credit card. The CEO of simplex, Nimrod Lehavi, was featured in the Dash news for giving a statement about credit card functionalities and how they are vital to accelerate broad cryptocurrency adoption:
“We are pleased to add DASH to our portfolio and allow our network of a hundred of leading exchanges and wallet partners to offer credit card purchasing of DASH, using a multitude of currencies Simplex now supports."
The CEO of Dash Core Group, Ryan Taylor, was also in the crypto news as Dash partners with Simplex, commenting on the partnership:
“Partnering with Simplex, a leading credit card payment processing company, is an incredibly exciting opportunity for Dash. Thanks to their advanced fraud detection capabilities, Simplex’s clients include some of the largest platforms in the industry.” “Through this integration, we’re excited to expand access to Dash and to give our users more choices. Simplex not only means a simplified purchase experience for our users, but it means Dash can be offered on more partner websites than ever before.”
Earlier, Dash concluded an agreement with the cryptocurrency remittance firm Tauros which will see DASH added to more than 11,000 ATMs throughout Mexico.
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