The price of privacy-focused cryptocurrency Dash jumped a whopping 125% over the last week alone.
Already on an incredible rally recently, Dash has went into overdrive today. The price of the privacy-focused cryptocurrency is now trading around $100 - an amazing rise of 125% from a week prior and about 30% over the last twenty-four hours alone. As a result, the total market cap of the Dash Blockchain is now above $700 million.
We talked with Ryan Taylor, Dash's Director of Finance, regarding the cryptocurrency's performance.
To what do you attribute Dash's recent price rise?
"Dash’s recent valuation increases are the largest we’ve seen. This kind of dramatic growth is only possible due to a combination of many factors coming together at once. Year after year, Dash has built a track record of innovations that improve the user experience and apply Payments industry best-practices to our product. What I think you’re seeing is Dash’s emergence as a viable alternative to Bitcoin’s dominance of the cryptocurrency market, at a time when Bitcoin’s user experience as a payment network is suffering due to capacity constraints and a backlog of unconfirmed transactions.
Dash has also scored a number of large wins this year, including a successful rollout of a new version of our software, the opening of our offices at Arizona State University’s innovation center, and integrations with leading providers in the cryptocurrency industry. In short, Dash is firing on all cylinders and sizable investors are clearly taking notice."
Do you see the rejection of the Bitcoin ETF as having an effect on Dash's recent rally?
"My hypothesis is that Dash is doing well for other reasons, as our price rally started long before the ETF results. This weekend’s price movement was a continuation of a longer trend.
That said, the ETF rejection means that the value of cryptocurrencies may come from their utility as payment networks, more so than their utility as a store of value like gold. If that is true, then Dash is likely better positioned than Bitcoin long term, since we offer a better payment experience including instant transactions, user privacy, higher transaction capacity, and lower fees."
Already on an incredible rally recently, Dash has went into overdrive today. The price of the privacy-focused cryptocurrency is now trading around $100 - an amazing rise of 125% from a week prior and about 30% over the last twenty-four hours alone. As a result, the total market cap of the Dash Blockchain is now above $700 million.
We talked with Ryan Taylor, Dash's Director of Finance, regarding the cryptocurrency's performance.
To what do you attribute Dash's recent price rise?
"Dash’s recent valuation increases are the largest we’ve seen. This kind of dramatic growth is only possible due to a combination of many factors coming together at once. Year after year, Dash has built a track record of innovations that improve the user experience and apply Payments industry best-practices to our product. What I think you’re seeing is Dash’s emergence as a viable alternative to Bitcoin’s dominance of the cryptocurrency market, at a time when Bitcoin’s user experience as a payment network is suffering due to capacity constraints and a backlog of unconfirmed transactions.
Dash has also scored a number of large wins this year, including a successful rollout of a new version of our software, the opening of our offices at Arizona State University’s innovation center, and integrations with leading providers in the cryptocurrency industry. In short, Dash is firing on all cylinders and sizable investors are clearly taking notice."
Do you see the rejection of the Bitcoin ETF as having an effect on Dash's recent rally?
"My hypothesis is that Dash is doing well for other reasons, as our price rally started long before the ETF results. This weekend’s price movement was a continuation of a longer trend.
That said, the ETF rejection means that the value of cryptocurrencies may come from their utility as payment networks, more so than their utility as a store of value like gold. If that is true, then Dash is likely better positioned than Bitcoin long term, since we offer a better payment experience including instant transactions, user privacy, higher transaction capacity, and lower fees."
Binance Trial on Ice in Nigerian Court as Lawyers Demand Missing Documents
Network, Learn, Grow | FMAS:24
Network, Learn, Grow | FMAS:24
Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
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Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
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#fmas #fmas24 #fmevents #networking #finance #africa
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Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
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Sandton Convention Center, Sandton, South Africa
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#fmas #fmas24 #fmevents #networking #finance #africa
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Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
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Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
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