Dash Price Prediction March 20 Uptrend continues!
Dash Price Prediction March 20 Uptrend continues! Taking a look at the 4 hour chart we see a nice run in Dash coin from .01 to .016 with a pullback to .0135. A new uptrend is forming as you can see in the chart below. All selling is unable to break the 4 hour trend line a very bullish signal. Weak selling indicates that the uptrend will continue. It may test all time highs in the near future if it can break to the upside. The 0.014 area has acted as resistance about five times in the past 9 months.
Stochastic RSI has dipped to -5 without a pullback a bullish sign.
CCI is -119 and should form an uptrend to create new intraday highs.
Bullish Dash News
The Future of Finance and the Continuation of an Interest Based System
In a world where central banks lower interest rates into negative territory and the war on cash begins to escalate, one might ask – what is the solution? The solution to some may be precious metals, to others it may be bitcoin but to me the real solution is dash.
Dash (Digital Cash) is a privacy-centric digital currency with instant transactions, which unlike bitcoin make it perfectly fungible and great for retail use. It is based on the Bitcoin software, however it has developed a two tier network that improves upon the Bitcoin design. This second tier is where the magic begins to happen, so follow along.
With Bitcoin, the block reward is completely dedicated to the miners (first tier), however Dash has found a solution that trumps this by rewarding 45% of the block reward to the miners (first tier), 45% to Masternode operators (second tier) and 10% to budget proposals. Through the distribution of the block reward, Dash avoids the problem that bitcoin is currently struggling with which is the ongoing full node decline. This is happening due to Bitcoins full nodes being charity based rather than incentivised, as Bitcoins full nodes become more expensive to run, volunteers remove their nodes from the network. By incentivising Masternodes (fullnodes with collateral), Dash turns Bitcoins problem of an ever declining full node count into an ever increasing full node count. One might now ask – What is a Masternode and how do I get in on that 45% of the block reward? We will get to that now.
A Masternode can be thought of as a computer that runs a dash wallet. This computer and wallet make decisions, such as locking transactions with InstantX (instant transaction protocol), coordinating mixing of coins (PrivacyProtect protocol), and voting on budget funding. Masternodes are required to have 1000 Dash collateral, a dedicated IP address, and be able to run 24 hours a day without a more than a 1 hr connection loss. Masternodes get paid 45% of the block reward on every block, this is distributed to masternodes one at a time. Typically, around 2 dash is paid to each masternode every 7 days.
. After a small talk, he did give me some useful answers. He said btc38 will add CNY-DASH pair definitely, he believes the Innovation of DASH, and Dash will keep on going. He said the reason why btc38 cannot add CNY-DASH now is that BTC38 has not enough DASH to support CNY transaction. So it will take some time, not too long.
And btc38 would love to cooperate with Chinese team to promote Dash in China.”
great news all around ,
they need some time it seems to get their volume up , that gives us time to revamp our Chinese PR efforts !
It is pertinent for any digital currency to get noticed by the Chinese community and added to an exchange over time. Creating an altcoin is not the hardest part, as we mentioned before, whereas gaining traction and creating value for the currency is a whole different ballgame. Keeping in mind how there are thousands of altcoins in existence, and only a dozen of them has any value or use, it is not easy to get added to a Chinese exchange.
This is not trading/investment advice!