Over the past weekend, Dash’s price has surpassed $1,000 for the first time in history, after sitting near to the $300 mark in November this year. Today, the digital currency has passed $1,500 per coin, marking an insane growth of more than 700% in a two month period of consolidation.
From the base price of $274 seen on November 2nd this year, it took only six weeks for the currency to achieve a high of $1,570 today. Currently, Dash is sitting at $1,506 but won’t be long until it reaches new heights, according to experts.
Dash began 2017 with a base price of only $11, bringing about 139-fold gains so far this year. The recent rise has been due to new software update and bigger blocks. The well anticipated software upgrade is named Dash 12.2 – which includes a number of fixes, code to increase the block size to 2MB and many other changes that are needed for the project’s major Evolution release that will occur in 2018.
As the core developer UdjinM6 wrote in the official 12.2 update, the novelties in Dash’s platform include:
- “DIP0001 implementation (which is a 2MB block upgrade);
- Transaction fee reduction 10x (activates via DIP0001 activation);
- InstantSend vulnerability fix (activates via DIP0001 lock in);
- PrivateSend improvement which should allow user to have mixed funds available much faster;
- Various RPC changes;
- Lots of backports from Bitcoin Core and refactoring of our own legacy code which should improve performance and make code more reliable and easier to review;
- Experimental HD wallet with BIP39/BIP44 support.”
Additionally, Dash will operate on bigger blocks and pair with Bitcoin Cash while adopting on-chain scaling too. Eventually, Dash plans to increase its block size to 5MB planned soon and hundreds of megabytes in the future.
The evolution of Dash has put it in the list of the most successful cryptocurrencies. The developers behind the virtual currency have been working on a major upgrade for over a year and are laying the foundation to making the cryptocurrency transparent and worth investing in.
Dash Android Wallet Usage Surges By 627% In Venezuela
"There has been a 627.47% increase in active android devices using Dash wallet app in Venezuela between May 2019 to January 2020."https://twitter.com/StayDashy/status/1224445307196329990 He also stressed that the Dash Android wallet usage does not count application installations which is typical for such type of calculations. As he said, by 'active' he means only devices which have been online at least once in the past 30 days. Right now, the latest blockchain news show that Venezuela is not the only country where cryptocurrency has replaced a national financial system. The CEO of Twitter can prove this wrong - during his November African trip, he emphasized that cross-border crypto remittance is the last hope for sub-Saharan Africa. Additionally, the EOS-like blockchain project Telos already launched its token pegged to the South African Rand - named the eZAR. Many African nations are now in the process of deploying stablecoins. Besides the Dash Android wallets, the actual value of DASH on the charts today is declining, just like many of the cryptocurrencies. IT has been a day full of losses so far and DASH managed to lose around 9% from its yesterday price, sliding to $90.99 which is the current level. The trend is now bearish and the technical indicators show that cryptocurrencies fell below their support and surprised many investors. The biggest loser on the day in the cryptonews is Bitcoin SV (BSV) which shed 11% and fell to $242.
Dash Will Get New Monitoring Features Thanks To PARSIQ
“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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Mexican ATMs Will Now Support Dash (DASH)
‘’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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