Today let’s take a look at Dash cryptocurrency, which was recently added to a San Francisco based digital bank, Uphold. Dash is now the 6th largest cryptocurrency by market cap, trailing behind Bitcoin, Ethereum, Bitcoin cash, IOTA, and Ripple as of December 6th. Dash advocates itself as a peer-to-peer decentralized electronic cash. It intends to be as liquid as real cash, and is built upon Bitcoin’s core code with the addition of new features, such as privacy and quick transactions. Like BTC, Dash is open-source and has its own blockchain, wallet infrastructure, and community. But unlike BTC, its transaction fee is negligible. Dash has now revealed its integration into cryptocurrency platform Uphold, which enables a purported 94% of the global population to buy and hold Dash online or on their mobile device, and to send it anywhere in the world. Customers of Uphold can now buy Dash directly via bank transfer in the U.S. and SEPA in the E.U., by converting any number of the supported fiat and cryptocurrencies, as well as sending to anyone with an active email address. Also in the works is the is the option of funding Uphold accounts using major credit cards, which is expected to be enabled within a few days. After the news broke out. Dash price saw massive volatility on Wednesday. It tested both the resistance level of 840, and support level of 625, and ended the trading day on a bearish momentum. But regardless of the volatility, it has grown in value by over 6300% since January 1 this year. Thanks for watching, invest responsibly, and I’ll see you with more updates next time.
For more from Invest Diva, click here
HIGH RISK Investment Trading forex (also known as foreign exchange or currencies) on margin carries a HIGH LEVEL OF RISK, and may not be suitable for all investors. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience, risk appetite, and the amount of your expendable income. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should ONLY invest money that you can afford to lose! You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts. Forex Diva Trading Opinions Any opinions, news, research, analysis, prices, or other information contained on this website is provided as general market commentary and education, and does not constitute advice. Forex Diva will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
Recommended Content
Editors’ Picks
EUR/USD steady below 1.0800 after US PCE meets expectations
EUR/USD remains depressed below 1.0800 after soft French inflation data, amid minimal volatility and thin liquidity on Good Friday. The pair barely reacted to US PCE inflation data, with the Greenback shedding some pips. Fed Chair Jerome Powell set to speak ahead of the weekly close.
GBP/USD hovers around 1.2620 in dull trading
GBP/USD trades sideways above 1.2600 amid a widespread holiday restraining action across financial markets. Investors took a long weekend ahead of critical United States employment data next week. Fed Chair Powell coming up next.
Gold price sits at all-time highs above $2,230
Gold price holds near a fresh all-time high at $2,236 in thinned trading amid the Easter Holiday. Most major world markets remain closed, although the United States published core PCE inflation, the Federal Reserve’s favorite inflation gauge.
Jito price could hit $6 as JTO coils up inside this bullish pattern
Jito (JTO) price has been on an uptrend since forming a local bottom in early January. Since then, JTO has revisited the key swing point formed in early December, suggesting the bulls’ intention to move higher.
Key events in developed markets next week
Next week, the main focus will be inflation and the labour market in the Eurozone. We expect services inflation to be impacted by the easter effect, while the unemployment rate to be unchanged.