Today we will talk about the cryptocurrency DASH.
A brief overview of the coin, in which we will cover when to buy, important levels, scenarios for the movement of this coin, and potential earnings.
First, let’s get acquainted with this cryptocurrency.
Dash (DASH) is a decentralized cryptocurrency that aims to provide fast and private transactions. Originally released in 2014 as XCoin (XCO), it was later rebranded as Darkcoin in 2015, before finally settling on the name Dash in 2016. The cryptocurrency is based on the Bitcoin protocol, but it has several key differences.
One of the main features of Dash is its InstantSend technology, which allows for near-instantaneous transaction confirmation times. Additionally, Dash also utilizes PrivateSend, a technology that provides enhanced privacy and anonymity for its users.
Dash has a unique governance structure in which Masternode operators can vote on decisions regarding the development and direction of the network. This system allows for a more democratic approach to decision-making and enables community members to have a say in the future of the network.
After we got acquainted with this coin, let’s talk about how you can make money on it.
The cryptocurrency is currently at a historical low, below the price level of $40. This coin has not dropped below this level before. Let’s go back to the years 2019-2020 when the coin was already at this level and then showed a massive growth of 1,135%, reaching $479 per coin.
As for its current state, the coin is trying to break through the important and strongest support zone at the $39-41 level per coin, but it is not succeeding. This is a good sign, and compared to other coins in a bear market, this coin is performing better than the rest.
Important price levels for the DASH coin are:
1st level: $65
2nd level: $165
And of course, the all-time high of $479, which has the potential for a growth of over 1000%.
This coin is in the top 100 largest cryptocurrencies according to coinmarketcap, holding the prestigious 74th place with a total market capitalization of $620,558,530.Investments
