Date: 7 months ago   Category: Economy

Growth of the price of Dash: the bulk of transactions passes at one exchange


Sometimes it is possible to see the strong growth of altkoin while the price of Bitcoin remains stable on an extent of the long period of time. In a case with Dash price the current dynamics looks very bull, at the same time nobody definitely knows from where this growth has undertaken.

Sometimes can see the strong growth of altkoin while the price of Bitcoin remains stable on an extent of the long period of time. In a case with Dash price the current dynamics looks very bull, at the same time nobody definitely knows from where this growth has undertaken.

to Cryptocurrencies is quite difficult to restore the losses suffered during the whole 2018. The majority of currencies still are at the level of sag in 50% or more in comparison with the end of January, and the situation with the majority of altkoin has a little changed for the better since then. Dash price for this period has shown many abrupt bends, but the last several hours show more than positive dynamics.

In the last 24 hours the price of Dash has noted a considerable gain in 21,1%.

without having a real explanation of growth of the price of Dash, it is necessary to ask a question: whether this impulse long time will hold on? For an altkoin everything looks is very perspective at the moment, first of all thanks to growth by 17,59% in comparison with Bitcoin. It shows that time when altkoyna effectively restore some of the lost values though the price of Dash needs still to do very long way for restoration of the price of the beginning of year has come.

As usual happens when in the industry of altkoin the trend turns into the bull, total amount of trade in cryptocurrencies tends to increase. It also occurs at present. With a daily trade capacity of 327 million dollars, Dash is one of the most liquid altkoin in the market today though it seems that it is temporary. As soon as fixing of profit begins - Dash price will start falling over again.

Is surprising, but on volumes of trade of Dash ZB.com is in the lead. This exchange generates more than 60% of all transactions on Dash. OKex borrows on the second place, it is followed by Bitfinex and Binance. Why demand is created in the main ZB.com - still it is necessary to define though already now this fact is indicated a potential cycle of a dump and by Pampas.

For those who trade in Dash on short intervals of time is very promising tendency. As this positive dynamics to be long is already absolutely other question. As one exchange which doesn't even enter a top of the most popular generates more than 60% of all transactions, it seems, that correction will happen in the near future.

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