{"id":2110,"date":"2017-03-03T16:31:45","date_gmt":"2017-03-03T16:31:45","guid":{"rendered":"https:\/\/blog.holytransaction.com\/?p=2110"},"modified":"2022-01-25T21:35:14","modified_gmt":"2022-01-25T19:35:14","slug":"dash-price","status":"publish","type":"post","link":"https:\/\/holytransaction.com\/blog\/2017\/03\/dash-price.html","title":{"rendered":"Dash Price: why is it growing so fast?"},"content":{"rendered":"<p><strong>Dash price<\/strong>\u00a0rose up more than 100% in the past week, hitting a high of $60 today.<\/p>\n<p><strong>Growing by 40% yesterday<\/strong> alone, Dash price is dominating the social media discussions among traders and investors.<\/p>\n<p>For the newbies, dash \u2013 originally known as <a href=\"http:\/\/www.coindesk.com\/true-anonymity-darkcoin-king-altcoins\/\" target=\"_blank\" rel=\"noopener\">darkcoin<\/a>\u00a0\u2013 earned its group of supporters and critics in this years, becoming a digital currency very useful to be used for the online shopping.<\/p>\n<h2>Why Dash price is growing?<\/h2>\n<p>Several experts argued that &#8211; behind this price growth &#8211; there is a mixture of technical updates and an user experience upgrade. So,\u00a0<strong>the recent increase is the result of years of development<\/strong>.<\/p>\n<p>Others explained that the <a href=\"https:\/\/holytransaction.com\/page\/Dash-%D0%BA%D0%BE%D1%88%D0%B5%D0%BB%D0%B5%D0%BA-%D1%81%D0%BE%D0%B7%D0%B4%D0%B0%D1%82%D1%8C-%D0%B7%D0%B0%D1%80%D0%B5%D0%B3%D0%B8%D1%81%D1%82%D1%80%D0%B8%D1%80%D0%BE%D0%B2%D0%B0%D1%82%D1%8C-%D0%BE%D1%82%D0%BA%D1%80%D1%8B%D1%82%D1%8C-online-%D0%BE%D0%B1%D0%BC%D0%B5%D0%BD\">Dash<\/a> price increase is the result of the so-called\u00a0<strong>&#8220;pump-and-dump&#8221; behavior<\/strong> commonly seen in lower-volumes\u00a0markets.<\/p>\n<h2><a href=\"https:\/\/holytransaction.com\/page\/what-is-dash\">What is dash?<\/a><\/h2>\n<p>Dash is a &#8220;two-tier network&#8221; that relies on miners and masternodes.<\/p>\n<p>Dash uses a chained hashing algorithm approach called X11. Instead of using the Secure Hash Algorithm (SHA) 256 or Scrypt it uses a sequence of eleven scientific hashing algorithms for the <strong>proof-of-work, <\/strong>or the same consesus method used by Bitcoin.<\/p>\n<p>Miners receive<strong> 45% of rewards<\/strong>, masternodes receive 45%, and the other 10% is allocated to its decentralized budgeting system.<\/p>\n<p>In fact, it is important to say that dash allows its users <a href=\"http:\/\/dashvotetracker.com\/\" target=\"_blank\" rel=\"noopener\">to vote<\/a>\u00a0where to allocate resources for development, marketing, etc.<\/p>\n<h2>The relative scarcity of Dash coins<\/h2>\n<p>Of course, one reasons that is having a great impact on the Dash price is <strong>its relative scarcity<\/strong>, as \u00a0coins are available for trade on major exchanges relative to the total supply of dash.<\/p>\n<p>This scarcity is supported by the use of masternodes, as they require 1,000 DASH\u00a0that generate income by receiving part of the mining block reward.<\/p>\n<p>Public data\u00a0suggests that there are <strong>4,000 masternodes today<\/strong>, so more than half of the total <a href=\"https:\/\/holytransaction.com\/page\/Portefeuille-Dash-porte-monnaie-cr%C3%A9er-en-ligne-change-enregistrer-franc%C3%A9s\">Dash<\/a> coins are pent-up.<\/p>\n<h2>Will this growth last in the long-term?<\/h2>\n<p>Data shows a\u00a0big fall during the today&#8217;s trading, while the price is trading at about $43.<\/p>\n<p>Many experts seem argue that the Dash price is in the middle of a <strong>significant bubble.<\/strong><\/p>\n<p>If the price will rise, fall or maintain this status is impossible to say.<\/p>\n<h2>How to Store Dash<\/h2>\n<p>That said, maybe you&#8217;re asking yourself <strong>how to store Dash<\/strong> in a safe place, as you might want to start trading with Dash.<\/p>\n<p>Well, we at HolyTransaction provide a multicurrency wallet where you can store not only Dash but also other 20 digital currencies within the same login details.<\/p>\n<p>With<strong>\u00a0<\/strong>a <strong>0.01* dash fee per transaction<\/strong>,\u00a0HolyTransaction is\u00a0one of the oldest web wallets in the market.<\/p>\n<p>Edited: we decided to reduce fee from 0,04 to 0,01 Dash per transaction.<\/p>\n<p>&nbsp;<\/p>\n<p>Open your free digital wallet <a href=\"https:\/\/holytransaction.com\/app#!\/signup\">here<\/a> to store your cryptocurrencies in a safe place.<\/p>\n<!-- AddThis Advanced Settings generic via filter on the_content --><!-- AddThis Share Buttons generic via filter on the_content -->","protected":false},"excerpt":{"rendered":"<p>Dash price\u00a0rose up more than 100% in the past week, hitting a high of $60 today. Growing by 40% yesterday alone, Dash price is dominating the social media discussions among traders and investors. For the newbies, dash \u2013 originally known as darkcoin\u00a0\u2013 earned its group of supporters and critics in this years, becoming a digital [&hellip;]<!-- AddThis Advanced Settings generic via filter on get_the_excerpt --><!-- AddThis Share Buttons generic via filter on get_the_excerpt --><\/p>\n","protected":false},"author":2,"featured_media":814,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[37,191,468],"tags":[889,1173,1327],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v19.6 (Yoast SEO v22.3) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Dash Price: why is it growing so fast? -<\/title>\n<meta name=\"description\" content=\"Dash price rose of about 60% during the recent weeks. 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