OK, bottom was not in, pity, but value is there and people are snapping up coins. Dash is the first DeFi, this could be a good chance to get your hands on a high performance node.
Dash Price Discussion and Dash Shortterm/Longterm Price Trend Speculation
- Thread starter qwizzie
- Start date
I dunno if the recent silkroad seizure is priced in and, besides, one more disaster and bitcoin goes to 10K. Good time to buy but keep some back.
Tremendous short squeeze in play now, good sign the bottom is in if we swiftly refuse this level and return closer to $40.
DASH/USD, Monthly chart, Poloniex
Source : tradingview
and so it begins for Dash ...
DASH/BTC, Monthly chart, Poloniex
Source : tradingview
Dash getting closer to flipping to the positive side with regards Awesome Oscillator (AO), but not there yet.
BTC/USD, Monthly chart, Bitstamp
Source : tradingview
Bitcoin need more time, is most likely now behind in its cycle compared to certain Altcoins (like Dash).
Source : tradingview
and so it begins for Dash ...
DASH/BTC, Monthly chart, Poloniex
Source : tradingview
Dash getting closer to flipping to the positive side with regards Awesome Oscillator (AO), but not there yet.
BTC/USD, Monthly chart, Bitstamp
Source : tradingview
Bitcoin need more time, is most likely now behind in its cycle compared to certain Altcoins (like Dash).
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Since the HPMN discussion was started (September/October), the MN count has been on an uptrend.
a) do you think this is coincidence?
b) would that increase be the cause of this pump?
I have no idea.
a) do you think this is coincidence?
b) would that increase be the cause of this pump?
I have no idea.
The current understanding is two-fold.
- Clarity around how Platform will be launched gives confidence in the coin.
- Evolution was not priced in the coin, it was assumed it would never launch.
DCG appear to be ready to deliver however, this has blindsided the market. - MNOs with 3 nodes are buying a few extra Dash to make up 4k for a HPMN.
MNOs with 7 nodes are accumulating extra Dash for 2 HPMNs. - Seasonally, this is the strongest time of year for Dash through to April.
Though I wouldn't call this Evolution at all, more like the start of the end. We were all deceived. In theory, DCG should be the ones to fork, but in practice they will steal the dash brand and all it's users.
I don't think it is quite that bad. Here is how I see it. Running Evo on every node would be very expensive in hosting for the entire network and not add much in the way of decentralisation to the network, in fact the L1 nimble layer could get bogged down with the overhead of the Evolution beast. The L1 chain secures 11 million Dash, but Evo will hold on average something like 30K Dash equivalent in the form of credits 1000:1 to convertible to Dash. If the number of nodes required to secure the chain is anything to go by then it would stand to reason that we employ fewer nodes to service the Evolution L2, wouldn't you agree?
I think you are saying the MN network is already oversubscribed and thus can afford to give up some nodes and shift some of their rewards to HPMNs to cover costs. I disagree. Hosting costs are in dollars and we wouldn't be discussing this if dash was $1500, then we'd all just go bare metal.
So, the question is, how sustainable and how scalable is this? More so while Sam is arguing that low fees - less income - is essential to be competitive against a product without compare. My fear is, like all tax systems, DCG will justify more rewards / votes to keep us "secure".
How to launch Platform securely is the crux of Sam's argument and his only explanation for scaling is sharding, which IIRC he said could take a couple of years, plus other more important things to do in the meantime. At the end of those two years, what incentive would there be to reverse the elitist HPMNs? - none that I see. They have built a product and roadmap to make work for works sake and there are plenty more opportunities to keep this scam going, sucking the life out of basic pleb MNs.
Sorry, I realize I went off-topic but it does all come back to the price of dash.
So, the question is, how sustainable and how scalable is this? More so while Sam is arguing that low fees - less income - is essential to be competitive against a product without compare. My fear is, like all tax systems, DCG will justify more rewards / votes to keep us "secure".
How to launch Platform securely is the crux of Sam's argument and his only explanation for scaling is sharding, which IIRC he said could take a couple of years, plus other more important things to do in the meantime. At the end of those two years, what incentive would there be to reverse the elitist HPMNs? - none that I see. They have built a product and roadmap to make work for works sake and there are plenty more opportunities to keep this scam going, sucking the life out of basic pleb MNs.
Sorry, I realize I went off-topic but it does all come back to the price of dash.
Looking at the monthly longterm chart, it looks like Dash price has found its bottom at $30 and is now comfortably moving upwards.
Awesome Oscillator (AO) has also printed its second green bar, and both MACD and RSI are potentially signaling the end of the longterm
downtrend of the Dash price and possibly the start of a new longterm uptrend of the Dash price. I am currently just waiting on a new green
crossover dot to get visible on the monthly MACD indicator, to further confirm a bullish trend.
This could still take many months to fully play out, but i am slowly starting to feel :
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I agree, the bottom is in, however, we are in a middle year and as such we should expect a retest of the lows, or close to it within 12 months or less. So, for this mini run I have a target of about $172, though in the very short term I think we get a correction as Bitcoin is heading into some serious resistance.
Is Dash Soaring Back Due to a New Wave of Interest? | HackerNoon
While it is unrealistic to expect a sky-high ATH anytime soon, DASH has a good chance of gaining more ground moving forward.
hackernoon.com
Dash Price break out today on DASH/BTC pairs (in other words, Dash price is outperforming Bitcoin price)
DASH/BTC, 3D, Binance
Source : https://cryptowat.ch/charts/BINANCE:DASH-BTC?period=3d
DASH/USD, 3D, Binance
Source : https://cryptowat.ch/charts/BINANCE:DASH-USDT?period=3d
DASH/BTC, 3D, Binance
Source : https://cryptowat.ch/charts/BINANCE:DASH-BTC?period=3d
DASH/USD, 3D, Binance
Source : https://cryptowat.ch/charts/BINANCE:DASH-USDT?period=3d
Since we are posting chart porn, here's mine, though I am not convinced we can reach $80 just yet, the break of $69 is not complete IMO and we could still fail here and drop hard. Either way, IMO this pump is getting a bit over done and I think some meaningful correction is coming.
Posting an update to the Dash/BTC ratio, which certainly does seem to be improving and IMO just changed trends. I find it remarkable that we were dropping versus Bitcoin for several years straight, what a miserable time that was! However, now I really do see a change to trend here and if anything, I am too conservative with how I have drawn the pink channel.
The chart is in log form and would see a Dash/BTC price of 4 mBTC by Jan 2024, I think we could get there sooner.
The chart is in log form and would see a Dash/BTC price of 4 mBTC by Jan 2024, I think we could get there sooner.
On Friday we saw the failure of $SVB as a massive bank run brought it to its knees and it shutdown leaving Circle's USD missing 3 billion USD in cash and sending the crypto market into a panic, the resulting price action was what Dash topped as I alluded to in the previous post at $78 and proceeded to fast flush to where the dust seems to have settled at a wick low of $44 !!! Wick to wick the correction is 43% significantly worse than most other coins.
I am bullish again. I think these prices are great value for Dash and I think this drop was way over done and the price can easily move up and regain the $50 soon. I also think that $40 is great support should we fall further. The troubles in the broader market do not affect Dash, there is no reason for the coin to react this harshly to the news, so when calmer heads prevail, we should see price improve.
Over on the Dash/BTC chart, we tested the topside of the channel, sliced through the middle point and if we reverse here the channel and thus the up trend remain in tact, so I am optimistic on this front also.
I am bullish again. I think these prices are great value for Dash and I think this drop was way over done and the price can easily move up and regain the $50 soon. I also think that $40 is great support should we fall further. The troubles in the broader market do not affect Dash, there is no reason for the coin to react this harshly to the news, so when calmer heads prevail, we should see price improve.
Over on the Dash/BTC chart, we tested the topside of the channel, sliced through the middle point and if we reverse here the channel and thus the up trend remain in tact, so I am optimistic on this front also.
Except the btc-dash ratio reversed way too easily to previous levels. Might be a bit too early to call this.
Doesn't the DIF hold dollars in Signature? - not sure
Doesn't the DIF hold dollars in Signature? - not sure