Why is Dash pumping in April 2019? (video/podcast)

in #crypto4 years ago


Dash has outperformed the cryptocurrency market over the last month, rising from $79 to $120. For people not familiar with Dash, rises in price always seem unusual, but for those who follow it closely they know that good news is always coming out.

The Dash Core Group is working on making it immune to 51% attacks, and they're on their way to releasing a revolutionary user experience for crypto. Exchanges are also listing new Dash trading pairs.

Scroll down to watch this episode of Cryptonomics!

After there was a 51% attack on ETC, there was a lot of uncertainty in many smaller crypto projects. Bitcoin and Ethereum are big enough to make such attacks impractical, but for the rest of the market, they may be exposed to this exploit. Dash is working on a solution in the form of Chainlocks, using the Dash masternodes to prevent doublespends, making the system more secure and give faster confirmations.

The Dash Core Group has publically released the code for Evolution, the wallet which Dash supporters hope will make crypto more user friendly, looking more like PayPal or Venmo than Bitcoin, allowing merchants to integrate into the wallet and offer discounts, increasing their conversions.

However, it seems the main reason that Dash has increased in price over the last month is something more related to short-term trading. Binance added two pairs - Dash/BNB and Dash/USDT. That means traders on Binance are now using those pairs to try to gain an advantage and make more money.

Read more about these developments in Dash on Dash Force News.

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Cryptonomics - Why is Dash pumping in April 2019?

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