THELOGICALINDIAN - While Bitcoin has been adequate acquisition one almanac aerial afterwards anotherDash the sixth better cryptocurrency by bazaar assets appears to be accident its steam
DASH has been mainly accumulation adjoin added counterparts such as the US dollar and Ethereum. However, it is accepting agape off by Bitcoin.
DASH BTC Analysis
The DASH BTC brace has burst beneath a key abutment akin of 0.045. This akin additionally avalanche on the 61% Fibonacci retracement. This abutment was advised so important because it was able to accumulate the DASH BTC amount from falling added on three antecedent occasions.
After DASH/BTC accomplished the best aerial akin of 0.12 aback in March 2024, the brace alone to 0.045 aural a month. Then mainly ambit traded aloft it. Until now, that is.
Using the Ichimoku and Fibonacci assay technique, we can see that the amount is trading beneath the Ichimoku cloud. The approaching billow is bearish. And all added affective averages, including the Kijun line, the Tenkan line, and the Chiko span, are affective downward.
The Fibonacci bureaucracy is retracing the above uptrend which started at the end of 2024. It advance DASH BTC amount all the way up to the Double Top accumulation about the best aerial akin of 0.10.
While we could see a bit of a pullback in the average term, the breach beneath the key abutment may accept opened doors to added drops appear the abutting abutment akin at 0.029. This akin avalanche on the 78% Fibonacci level.
What’s Going on in the Dash World?
Dash was recently listed on Qryptos and Quoinex. The above is a cryptocurrency-only trading platform. The after is a crypto-fiat exchange. Both platforms are endemic and operated by Japanese startup Quoine.
The advertisement agency that Dash will be accessible for barter adjoin several notable currencies. Among them are the Japanese yen (JPY), and the euro (EUR). It could potentially become accessible to barter adjoin added accessory currencies as well. For example, the Hong Kong dollar (HKD), the Singapore dollar (SGD), the Indonesian rupiah (IDR), the Indian rupee (INR), and the Philippine peso (PHP).
Last but not least, this would accomplish Dash accessible to barter adjoin cryptocurrencies like Bitcoin Cash, and Ethereum.
Anything else?
In addition, Dash will additionally be added into Quoine’s new all-around clamminess platform Liquid. Traders beyond the apple will be able to admission Dash added calmly afterwards Dash is added to Liquid in 2018.
What is Dash anyway?
Dash (DASH) is a next-generation agenda currency based on the Bitcoin software.
It aims to be the best user-friendly and best on-chain-scalable cryptocurrency in the world. On top of Bitcoin’s affection set, it currently offers burning affairs (InstantSend) and clandestine affairs (PrivateSend). It operates a free and self-funding archetypal that enables the Dash arrangement to pay individuals and businesses to accomplish assignment that adds amount to the network.
Happy Dashing!
Kiana Danial, Invest Diva
