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Dash Rises Over 16% Overnight Triggered By Positive Altcoin Movements

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The price of Dash is in the focus of the coming altcoin news as most of the top cryptocurrencies are reporting moderate gains on the day by press time, as Bitcoin (BTC) hovers around the $8,100 mark now. As Dash rises overnight, the coin is definitely in a good momentum and the price has reached $65 with a market cap that finally broke the $600 million mark.

Among the top cryptocurrencies, the one with the most growth over the past 24 hours is DASH, averaging around 16% at its peak. The coin currently stands at $66.84 with a 13% gain over the past 24 hours and the weekly chart shows a growth of 33.7% as the latest news and updates show.

Also, the NEO coin news show growth and the price of the altcoin is now $10.35 with a surge of 7.45% and a new high compared to the yesterday’s levels. Over the past week, the coin grew by 11.44%. Additionally, the Bitcoin price is currently up by less than 1% and trades around $8,130 at press time as data shows.

The fact that Dash rises overnight shows that many altcoins have a positive momentum now – but the clear winner is Dash today. Meanwhile, we can also see that Ether (ETH) is holding onto its position as the largest altcoin by market cap which stands at $15.74. The price, as the ETH news show, is at $144 today and the momentum is still positive.

Meanwhile, the Bitcoin Cash (BCH) updates show that it is in a decline of 1.30% and a current price of $264 now. The second largest altcoin, Ripple’s XRP, has a market cap of $9.3 billion at press time. XRP is up by around $2 over the last 24 hours and is currently trading at $0.214. On the week, the coin is up by 10.3% and the price is still holding on to a big portion of the gains that it obtained at the beginning of the week.

The price of Litecoin (LTC) is trading at $50 flat as Dash rises to new heights, posting a new 3% increase on the day.

ETH has seen its value increase by about 1.37% over the last 24 hours and at press time, ETH is trading at around $144. On the week, the coin has also gained around 5% in value. All in all, this was a very good week for crypto with lots of updates and positive movements.

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Dash News

Dash Could Surpass Litecoin As Daily Transactions Increase Steadily

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Dash could surpass Litecoin since the number of daily transactions that happen on the DASH network has been rising slowly over the year as we are reading further in the Dash news.There are now more transactions that get performed using the crypto asset rather than on the Litecoin network. Despite the growing usage of the network, the total Dash market capitalization still lags a long way behind Litecoin. Some believe that the market is not yet mature to determine real utility in the crypto assets. Dash is currently in the 22nd place on the popular crypto-assets comparison site CoinMarketcap. After a 24-hour pump of about 8 percent, the digital currency still boasts a market cap of slightly more than half a billion dollars.Bitcoin is still the asset that has the hardest monetary policy in history and many other cryptocurrencies fight to fill the different niches. One of the most prominent coins is Dash since it represents a decentralized means of payment. There are a few other cryptocurrencies that compete with Dash to fill this niche, such as Litecoin.Litecoin is positioned much higher on CoinMarketCap in the sixth place and with a total market cap of about $3.253 billion. The daily transaction volume of the two crypto assets doesn’t quite show the same Litecoin dominance. According to the data from BitInfoCharts.com, the number of the transaction happening on the Dash network has been increasing over the year which is why some believe that Dash could surpass Litecoin also because LTC’s usage has been dwindling.For some of the commentators, the fact that both Litecoin and Dash now has about the same daily transaction volume but its different market caps show that their digital currency market is not yet mature to value the assets based on overall utility. The Twitter user C4Chaos argued that this will not be the case and posted:
‘’At the very least, if the 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’’
The Dash network is being used to transfer a lot more value than Litecoin which doesn’t automatically mean that it has more value. Both of the assets are different since Dash offers different types of transactions and it also features rewards.
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Bitcoin Cash News

Are Dash And Bitcoin Cash Considering Getting Merged?

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Blockchains got into a lot of competition in 2019 and only a handful of the projects remained in good condition. Because of this, there are some rumors which we will try and find out in the Bitcoin cash news if they are true, regarding a Dash and Bitcoin cash future partnership.Dash and Bitcoin cash were put together in a group as two chains that could merge and produce a Bitcoin Dash brand. Amanda Johnson, one of the most known Dash promoters and supervisors proposed the idea. The immediate response was that the connection will produce an even worse situation and will mix two extremely compromised assets.The ‘’fact’’ that Bitcoin cash is a superior brand fell flat among the crypto users and many stopped using it because of its continuous sliding in price and the asset even gained the derogatory nickname ‘’bcash.’’ The Bitcoin Cash technology is really close to the first-generation blockchain but with the few additions of emergency difficulty recalculation which prevents the SHA-256 miners from gathering all the blocks then leaving the chain and slowing it down.The Dash network, on the other hand, is working on its protocol and has problems with the MasterNode security still. This feature of the Dash project is the network of ambassadors who usually receive compensation for increasing the usage of the platform. So far, the DASH network has not managed to produce the promised goals such as the human-readable addresses. The asset has been compromised even more since the users see it as a pump and dump scheme. At one time in history, DASH reached a top 5 position but later fell into obscurity and crashed by 50 percent in 2019. Dash fell to $39.95 and is now trying to get away from an exit scam after one of its supervisors left with the funds held in custody.Both of the networks face many issues. Dash was mainly liked because of its anonymous features but in 2019 this feature got discouraged and the Dash users later choose not to use the feature at all. The other problem for a merger will be the specific node structure on the chains. Running a Bitcoin Cash node is really resource-intensive since the networks usually propagate huge blocks. the Dash network prefers to sell nodes which also is a huge investment.
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Dash News

Dash Missing Funds Returned To Investors: Report

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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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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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