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Crypto-News - Dash is moving down though Bitcoin and Litecoin are Up

Discussion in 'Articles/News' started by Harish Ramkumar, Sep 2, 2017.

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  1. Harish Ramkumar

    Harish Ramkumar New Member

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    For the last couple of days, the Dash price is going down, though Bitcoin and Litcoin have been fluctuating heavily.

    Last month, the Dash cost was $200. It progressively increased throughout the weeks that followed, ultimately punching with $300 on August 20.

    It hovered around the $300 degree for the majority of the week, yet a surge in trading on Bithumb thrust Dash above $400 to establish a new all-time high of $409 on Saturday morning.

    The Dash price has drawn back a little bit ever since and also currently rests at $387. This gives Dash a market cap of $2.5 billion, pushing it down from 5th position to 7th position on the marketplace cap graphs.
     
  2. GrandMasterDash

    GrandMasterDash Well-known Member
    Masternode Owner/Operator

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    No need to worry about such things. Forget the dollar price, it's not a great measure, and neither is Coinmarketcap's ranking... ethereum and ripple are somewhat out of bound for a fair comparison. The dash to bitcoin ratio current stands at 13:1 yet not so long ago it was 20:1.

    Litecoin is something of a hedge against bitcoin and it's price rise is not surprising at all because Charlie Lee recently returned to full time development.

    Bitcoin Cash is our main competitor, something of a dark horse.