Tanya Abrosimova
Independent Analyst
- Kripto Mobile Corporation will manufacture mobile phones with pre-installed DASH ecosystem.
- DASH might grow as high as $200 amid positive sentiments.
DASH is the 13th largest digital coin with current market value $1.4B and average daily trading volume $334M, which is twice as big as on Sunday. DASH has jumped over 22% in the recent 24 hours and touched $190.34 late on Monday before retreating to $178.22 to press time.
General positive momentum on the cryptocurrency market creates a positive background for DASH; however, the secret of the explosive growth lies with DASH and Kripto Mobile Corporation [KRIP] partnership deal. KRIP produces mobile phones with cryptocurrency functionality and pre-installed DASH ecosystem, including the wallet. The devices were presented during the conference in Caracas as the company believes, they will provide the Latin American community with an inexpensive way of buying and using cryptocurrencies for their day to day transactions.
“We all know that fiat payments take too long and cost too much and that cryptocurrencies have the potential to affect real change, especially for people experiencing hyperinflation where cryptocurrency is less volatile,” Bradley Zastrow, the Dash Core Group Head of Global Business Development commented.
DASH technical picture
The first strong resistance comes at $199.20 (DMA50), followed by psychological $200 handle and $238.27 (DMA100). On the downside, the first support is created by $171 (Tuesday's low), followed by $140.73 (Monday's low). Once the price returns to the levels registered at the beginning of the week, the upside momentum will be over.
DASH/USD, the daily chart
Get 24/7 Crypto updates in our social media channels: Give us a follow at @FXSCrypto and our FXStreet Crypto Trading Telegram channel
Note: All information on this page is subject to change. The use of this website constitutes acceptance of our user agreement. Please read our privacy policy and legal disclaimer. Opinions expressed at FXstreet.com are those of the individual authors and do not necessarily represent the opinion of FXstreet.com or its management. Risk Disclosure: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot 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.
Recommended Content
Editors’ Picks
PENDLE price soars 10% after Arthur Hayes’ optimism on Pendle derivative exchange
Pendle (PENDLE) price is among the top performers in the cryptocurrency market today, posting double-digit gains. Its peers in the altcoin space are not as forthcoming even as the market enjoys bullish sentiment inspired by Bitcoin (BTC) price.
Ethereum shows signs of a potential rally as suspected Justin Sun wallet buys heavily
Ethereum's (ETH) recent price movement hints at a potential rally despite ETH ETPs recording outflows. The recent price improvement follows the fourth Bitcoin halving and a suspected Justin Sun wallet purchasing large numbers of ETH.
Floki poised for growth after listing on Revolut
Floki's (FLOKI) team announced in an X post on Monday that the meme coin would be listed on the popular neobank and Fintech platform Revolut. Floki could rise further following key partnerships to boost retail usage.
Jupiter DEX second Launchpad vote concludes, JUP price rises 5%
Jupiter, a Solana-based decentralized exchange (DEX) has completed the second launchpad (LFG) vote to identify the two projects that will debut on its platform. On March 30, the aggregator network had unveiled its Core Working Group (CWG) budget proposal voting.
Bitcoin: BTC post-halving rally could be partially priced in Premium
Bitcoin (BTC) price briefly slipped below the $60,000 level for the last three days, attracting buyers in this area as the fourth BTC halving is due in a few hours. Is the halving priced in for Bitcoin? Or will the pioneer crypto note more gains in the coming days?