Dash to launch state of the art DashCopay wallet app in the wake of AloGateway partnership: Dash price still range-bound


  • DashCopay wallet app wallet is specifically designed for both Android and iOS devices.
  • Dash will now be integration on AloGateway platform which makes at least 100,000 transactions per day.
  • DASH/USD is currently stuck within ranging channel with the resistance at $272.0 and supported at $240.5.

Dash is cryptocurrency that has been transforming outlook since its inception. It was launched in 2014 as XCoin but because of the privacy features it rebranded to Darkcoin but in it change again to Dash to allow it to be a global payment processing system. The Dash team is one of the most active in the space. Dash has today announced the release of its much-awaited DashCopay wallet for iOS and Android. The wallet is going to have some of the best features including ability to set a local currency and create share or join shared wallets using multi-signature among others. The wallet is still in the beta stage, but further developments are in progress leading to the official launch.

AloGateway, a global payment processing platform yesterday made an announcement that it was partnering with Dash, which is also referred to as ‘Digital Cash.” The reason for this partnership is to aid AloGateway in its expansion into the Asian market.  Dash will now be added to the platform which is said to be making over 100,000 transactions in a single day. The CEO of AloGateway said while commeting on why Dash among other currencies:

“We had a number of reasons for choosing Dash as one of first digital assets we offer on our platform. First, Dash has among the lowest fees and fastest transactions of any blockchain network. Dash also has an active community, particularly in parts of Asia and Europe where we are seeing a lot of potential for growth.”

Dash price analysis

Dash price has been walloping in selling pressure just like other virtual currencies in the market. The cryptocurrency is currently stuck within ranging channel with the resistance at $272.0 and supported at $240.5. DASH/USD is changing hands at $266, besides it is facing acute resistance at $270. The upper limit of the ranging channel also coincides with the resistance from the 61.8% Fib retracement level with the last high leg at $317.7 and a low of $242.7. Dash price is battling for a support at $265, but the short-term support at $260 will continue to hold in the medium term.

DASH/USD 15’ chart

 

 

 

 

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.

Cryptos feed

Latest Crypto News


Latest Crypto News & Analysis

Editors’ Picks

Bitcoin Price Forecast: BTC/USD has one strong resistance level at $11,500

BTC/USD bears have remained in control for the second straight day. BTC/USD is currently trading for $11,324.24. The daily confluence detector shows a lack of healthy support levels on the downside.

More Bitcoin News

XRP/USD keeps trending in downward channel formation as price drops below $0.27

XRP/USD bears stayed in control of the market for the second straight day as the price continued trending in a downward channel formation. So far this Wednesday, the price has dropped from $0.2828 $0.2788.

More Ripple News

Ethereum Price Forecast: ETH/USD downtrend holds as $350 calls profusely

Ethereum has continued to explore the downside since the rejection from the new yearly high at $415 on August 2. The immediate reversal tested support at $325. However, Ether recovered in a reflex motion settling shortly ...

More Ethereum Classic News

XTZ/USD faces bearish correction following three straight bullish sessions

XTZ/USD faces bearish correction following three straight bullish days. The price has gone down from $4.257 to $3.97 and is presently sitting above the 20-day Bollinger Band. The Elliott Oscillator has ...

More Tezos News

BEST CRYPTO BROKERS/EXCHANGES

Bitcoin Weekly Forecast: BTC hit the pause button before a decisive breakthrough

Bitcoin lived through a wild roller-coaster move during the previous weekend. The coin hit the new 2020 high above $12,000 and crashed to $10,500 in a matter of hours. 

Read the weekly forecast

BTC

ETH

XRP