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Dash Rises 25% In A New Short Term Bull Run

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Dash missing funds

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.

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Dash News

Dash Missing Funds Returned To Investors: Report

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Dash missing funds
Dash missing funds that vanished along with the Dash ex-senior advisor Moocowmoo, seems to have resurfaced and he also came out of hiding as we are reading further in the Dash news crypto.In a Reddit post entitled ‘’Developing story: More and more people reporting they are receiving their shares back,’’ the dash supporters come out in numbers to rejoice about the dash missing funds. As per one of the comments:
 “Moo has finally been woken from his slumber, and is currently sending the money back to its rightful owners.”
Another user stated on Reddit as well:
 “Sweeeeet!!! This is the comeback of the year!! MooCow for president! :)”
Even the original user on the Dash forum Erulian confirmed that the funds have been returned and he apologized for causing so much trouble to the investors:
‘’I’m sorry it turned into such a big drama, but also glad that I finally got my funds back. I’m sure some people in the community pulled some strings to make this happen. Thank you.’’
Despite the words of thanks, Erulian failed to provide any concrete evidence of the returned funds. the Reddit post continues:
 “Thank you to all the dedicated and anger-driven investigators and “exit scam”-yelling news outlets with irrational hate towards Dash who helped people get their money back!’’
The users are happy that the justice is finally being served and the return of the missing funds could actually be the result of the investigative articles that we read across the media which could have made Moo do the right thing. At the end of the day, it could have been something else but either way, it is great to hear that the investors have had their funds returned. The overall situation seems to have been nothing more than a wanton of disregard for investors’ funds. In the closing remarks, the Dash Group CMO Fernando Gutierrez concluded:
‘’This doesn’t make things good again because it should not have taken so much for him to send back the funds, but it is certainly a much better outcome than him disappearing without paying.’’
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Dash News

Dash Core Group Advisor Pulls Exit Scam Taking Investors’ Funds

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Dash missing funds
Has the famous MooCowMoo, Dash Core Group advisor has pulled an exit scam with for now unknown amount of Dash investors’ funds? This is what is known for now and we are reading more in the Dash news below.What now looks to have all the regular elements of an exit scam cam to surface yesterday when one Dash user named Erulian, posted a message on the Dash Forum.Nonetheless, Erulian had taken some time.  Users of MooCowMoo’s shared masternode service were emailed on 10th August of 2019. The users were notified that MooCowMoo, the Dash Core Group senior advisor and owner of a “Masternode Shares” service would be closing down and that all fund will be refunded:
“So, to address the stress, I’ll be shutting down shares and sending back all deposits to their origination addresses within a week or two as time permits.”
But, today is 2nd December and it looks like MooCowMoo got lost of the face of the Earth. Erulian verified the silence from MooCowMoo the Dash Core  Group senior advisor and reached out to other potential victims. He asked, “who else has lost money?” and said, “I hope to get some discussion going about this, it’s getting late.”Scombo, another user, joined the conversation. He verified that he did not hear a word from MooCowMoo from September this year. Scombo called out to several others in the network trying to uncover the true identity of MooCowMoo the senior advisor of Dash Core Group. He said:
“Also, might be worth involving the Dash core group as this reflects really badly on Dash, particularly as he was a prominent member of the team”
Sadly for Erulian and Scombo, the Dash Core Group did not provide assistance. After pleading them for help in their efforts to get in touch with MooCowMoo, because this issue is causing “a lot of stress,” users were pretty much told to solve it on their own. The response was simply:
“There is power in numbers”.
Power in the number of users’ funds that the Dash Core Group Senior Advisor managed to amass? Or power in the number of people falling victim to another seedy crypto exit scam? Who knows.
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Dash News

Dash Mining Is Strong, Other Altcoins “Don’t Look Good” Says eToro

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Dash missing funds
A new analysis by the cryptocurrency exchange eToro emerged in the crypto news, showing that Dash mining is strong now and the cryptocurrency's profitability and outlook is stronger compared to other altcoins.Specifically, eToro's analysis is compared to competitors such as Bitcoin Cash (BCH), Bitcoin SV (BSV) and Litecoin (LTC) and the Dash mining is strong - in fact, so strong to outperform them all.While analyzing several prominent cryptocurrencies, the report shows their recent hashrate drops and contrasts them with Dash which "in terms of mining profitability, remains strong despite an ecosystem-wide drop.”The fact that Dash mining is strong can be seen from the two paragraphs below (an excerpt from the eToro analysis):
“Miners that work on proof-of-work networks, are compensated by fees in their cryptocurrency as they validate transactions. These proof-of-work networks have a finite coin supply. This means that they would need to generate enough usage to compensate miners fairly and maintain a good hash rate. Things don’t look too good for Litecoin, Bitcoin SV, and Bitcoin Cash at the moment…Network hash rates have been on a steady decline (or have stagnated) over the last year for the cryptocurrencies mentioned earlier. This is largely due to transaction counts, and declining miner profitability. Understandably miners aren’t interested in a network where they can’t make a good profit. Litecoin, BSV, and BCH have all shown decreased hash rates, or stagnated over the past year, according to data from BitInfoCharts.”
All of the coins mentioned in the new eToro report are proof-of-work networks, where the block reward of new coins and fees that is generating is going to pay miners. However, the Dash mining is strong even with a significantly smaller portion of the block reward at 45%.All of this makes the cryptocurrency strong and puts its hash rate of particular note as miners are competing for a smaller portion of revenue than for other networks. As eToro summed up, Dash mining is strong and the growth of the active addresses and transactions may indicate that miners see the network and its user base growing fast enough to sustain the consistent hash rate growth in the long-term.The report featured in the Dash news summarized that "“In terms of profitability, Dash mining remains strong. The Dash hashrate is up to around 4.09 petahashes at the time of writing, up from 2.68 petahashes this time last year."
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Dash News

Dash Has A Bearish Short-Term Trading Bias: Analysis

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Dash missing funds
Dash has a bearish short-term and also medium-term trading bias as per the latest price analysis that we have in our Dash news coin.The four-hour time frame shows a strong bullish inverted head and shoulders pattern that has been invalidated and the daily time frame shows that a bearish head and shoulders pattern could be soon triggered. Dash remains under very strong pressure as the coin dropped to levels that were not seen since February 2017. The Dash/USD pair also dropped by more than 30 percent since the start of November and it is now trading over 50 percent below the current 2019 trading peak.The technical analysis shows that the DASH/USD pair is heavily bearish while it is trading below the $57 level and it is at a strong risk of further protracted losses to the multi-year trading lows. The four-hour time frame shows there is a strong inverted head and shoulders pattern that was negated recently with the invalidation target located around the $42 level. The daily time frame shows another head and shoulders pattern forming after the $57.00 level breakout.The bearish head and shoulders pattern was forming since 2016 and had a downside targeted extend below the Dash/USD pair all-time trading low. Dash has to start to even out above the $57 level just to stabilize itself and secure the medium and long-term prospects. The Relative Strength Index on the daily time frame shows clearly that the cryptocurrency is at its most oversold position since the crypto started trading. According to the latest sentiment data, the short-term sentiment for Dash is neutral at 43 percent while the long-term sentiment for the crypto is also neutral at 23.50%.The four-hour time frame shows a key technical resistance located at the $57 and $68 level so the buyers have to rally the price above both of the levels just so they are able to form a large reversal pattern. The key technical resistance over the medium-term is located at the $75 and $83. According to the charts, we can also see that the DASH/USD pair has strong medium-term technical support near the $47 and $42 level. The critical long-term support for the pair is located at $33.00.
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