Dash is still a good choice for investment

Introduction

Dash (DASH) portrays itself as computerized money that aims to offer financial freedom to everyone. Installments are quick, simple, secure, and with near-zero fees. Built to help real-life use cases, Dash aims to provide a completely-decentralized installment solution. Clients can buy products at thousands of merchants and trade it at significant exchanges and brokers around the globe.

Analysis in terms of volume of trades

The trading volume of Dash (DASH) is 608,744,105USD on May 18, 2020, and 371,099,134USD on June 17, 2020. The difference in monthly trading volume within this duration is 237644971USD. The decrease in trading volume% is 0.3903857USD. The trading volume of Dash(DASH) is 488,692,369USD on June 11, 2020, and 371,099,134USD on June 17, 2020, .The difference in weekly trading volume within this duration is 11759235USD. The decrease in trading volume% is 24.062834USD.

Analysis in term of price

The trading price of Dash (DASH) opened art 75.06USD on May 18, 2020, and close art 72.51USD on June 17, 2020, the difference in monthly trading price within this duration is 2.55USD, the decrease in trading price% is 0.03397282USD. The trading price of Dash(DASH) opened art 78.24USD on June 11, 2020, and closed art 72.51USD on June 17, 2020. The difference in weekly trading price within this duration is 5.73USD the decrease in trading price% is 0.0732362USD.

Partnerships

Dash Partners With AnkerPay And PlusBit Wallet

Dash group declared on May 05 that their undertaking Dash Pay has joined forces with AnkerPay, in a bid to make Dash digital currency accessible across South Africa and in different regions at ATMs. This will permit clients to buy/sell Dash at AnkerPay ATMs, as well as pay for goods and services at the organization’s Point of Sale (POS) locations. The Dash cryptocurrency has further been integrated with the AnkerPay wallet, with a built-in exchange functionality.

The move will extraordinarily help the adoption of Dash and cryptocurrencies in general, by making availability simple and facilitating liquidity. It will also empower Dash cryptocurrency to be used in daily life, as a payment for goods and services.

The team additionally declared that Dash has been incorporated in the PlusBit wallet – a user-friendly wallet with accurate crypto to FIAT quotations.

Blockchain Monitoring Platform PARSIQ Partners Dash NEXT, an Asian Division Supporting Dash, Leading Digital Asset Platform

PARSIQ, a blockchain observing and work process robotization stage that provides apparatuses for examining, differentiating, and preventing cryptocurrency-related fraud, and Dash NEXT, the Asia-based business improvement division supporting Dash (a digital asset platform), are expanding their existing partnership.

PARISQ and Dash NEXT aims to empower real-time Dash installment notifications via PARSIQ’s “Smart-Triggers.” The blockchain startup offers a platform for robotizing blockchain workflows, which includes real-time transaction notifications.

Dash, or Digital Cash, is a worldwide installment platform that has onboarded a great many dealers during the past few years. The Dash installments ecosystem has reportedly processed more $1.52 billion in total payment volume.

PARSIQ recently launched its services, after an effective beta testing phase. Its platform can be fully integrated with the Dash blockchain.

PARSIQ is rewarding “up to 226,000 of its local PRQ token” to Dash clients who sign up for an account and create Smart-Triggers.

As mentioned in a release shared with CI:

“This is to foster more adoption of blockchain automation tools that extends the functionalities of the Dash network and enriches the overall user experience for Dash payments.”

A clarified in the declaration, Dash clients who create their PARSIQ account and set up a Smart-Trigger with their Ethereum ERC-20 address will get up to 200 PRQ tokens.

Dash Investment Foundation Buying Gold as Part of Rebalancing Strategy

The Dash Investment Foundation, which claims to be the principal ownerless and memberless venture fund in the world, as of late purchased its first shipment of physical gold.

This move, announced Friday, denotes the dispatch of its Dash-to-gold rebalancing strategy before it is conveyed to blockchain startups. The strategy aims to grow the value of the capital held by the DIF.

Dash to gold rebalancing strategy

The rebalancing strategy was devised by Demelza Hays, the DIF’s venture consultant, and an alumna of Forbes 30 under 30. The objective is to collect more Dash and more gold through rebalancing the two uncorrelated assets.

“The main idea is to sell Dash for Gold when Dash breaches 50% of the portfolio and to sell Gold for Dash when Dash falls below 10% of the portfolio. This ensures a countercyclical trading strategy that sells assets high and buys assets low.”

The fulfillment of this first purchase request, from an initial tranche of six, denotes the start of a long-term actively managed rebalancing strategy using buy and sell triggers.

In a current investor call, Dash declared that it had seen commercial installments more than twofold on the network with the assistance of new retail partnerships in Latin America. It also confirmed a first-quarter price increase of practically 60%, its best quarterly performance since the fourth quarter of 2017.

Conclusion

Though Dash(DASH) seems to be decreasing in terms of price and volume,but with the aforementioned partnerships, it is clear that it will bounce back soon.

All opinions expressed in the above article are solely of the author’s and do not reflect the opinion of the Global Crypto Alliance Ltd., any of its affiliations or any other company. This article is for informational and entertainment purposes only and should not be relied upon as a basis for investment decisions. The Global Crypto Alliance Ltd. strongly recommends that readers conduct their own research and due diligence into the company, product or service, if any, that may be mentioned in the above content.