The popular crypto currency DASH continues to conquer new heights - just a day the weighted average rate of the digital currency has increased by more than 30%. Coupled with the US dollar, the price of DASH updated the next historical maximum, confidently breaking the $ 300 mark.
Image Credit: Waffal.com
On this chart, we may see the broken candle above $250. In my view, it will be Pullback there is a plenty of buying pressure on Dash coin in past 10 days. But still dash had capability to go up in the month of September might be 25th to 28th at the end of September. eventually the market level remains sustain in past 5 days around $250 to $260. At this moment, I recommend to hold dash coin until 28th September.
Image Credit: Tradingview.com
If we analyze the current market on 21st August 17, is $285 still %7.2 to %8.5 trend decline in price. The current market cap is potentially increase 539,241 BTC or $2,140,122,077 and as far as consider the past 24 hours’ volume is 18,766 BTC or $74,476,600.
Image Credit: Coinmarketcap
The market capitalization of DASH is $ 2.3 billion (8th place in the Coinmarketcap rating). According to this indicator, the nearest competitors of DASH are Litecoin ($ 2.37 billion) and NEO ($ 2 billion). By the volume of trading DASH just a few days rose from 10th place to 5th. As before, the greatest activity is observed on the South Korean stock exchange Bithumb.
It should also be added that this week the DASH team announced a partnership with the University of Arizona (ASU) to create a research laboratory to investigate the possibilities of distributed registry technology.
"Initial research will focus on the scalability of the block, network architecture, the study of best practices, environmentally friendly mining, and network bandwidth. The work will begin already this month and, as the cooperation develops, it is possible that classes for students will be conducted by Dash Core specialists, " Fortune Tech reports.
In the end, we may say that Dash had some potential to grow up in next couple of month those who's invested in Dash, should hold it until 28th September, as per many analysts consider dash will pump up in the middle of September or at the end of the month. So, stay calm currently the rank of dash on coinmarketcap is - on 8th rank there is a lot of probability it will go up to 6th position but not for the long time might be once its hit over the bar of $300 to $320.
I hope this analysis will be helpful to make decision to buy or sell dash. Comment your opinion below.