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RE: Dash Nation Roundup: Currency Firing On All Cylinders
Do you think the demand from people wanting to set up master nodes is inflating the DASH price?
Do you think the demand from people wanting to set up master nodes is inflating the DASH price?
That's definitely one factor. Dash has a recurring loop, with way more demand than supply. When a dump happens, the beneficiaries simply say "Thanks for the Masternode" and then take the coins off the market. When the market turns bullish again, there is not much supply to push through, thus taking Dash to new highs. It happens like this every time. There are more reasons than just demand for Masternodes at play, though.
Thanks, I love DASH,I am mining some through Genesis.