Technical indicators for the DASH/USD market pair have flipped from bearish to bullish over the past few days. The current spot price is now above both the 200-day EMA and daily Cloud.
DASH (DASH) is a cryptocurrency with optional privacy features and a decentralized autonomous organization (DAO) for governance. The coin is down 93% from the all-time high established in December 2017. The market cap is 29th on the Brave New Coin market cap table and currently stands at US$1.09 billion, with US$350 million in trade volume over the past 24 hours.
The DASH chain is a Bitcoin fork created by Evan Duffield in January 2014. The project was originally known as XCoin, was subsequently rebranded to DarkCoin, and ultimately named DASH, and described as Digital Cash, in 2015. Ryan Taylor is the current DASH Core CEO, with Duffield acting as a strategic advisor.
The project uses a two-tiered PoW (PoW) and Proof of Stake (PoS) consensus model. PoW mining verifies the ledger using a two and a half minute block time. PoS occurs through Masternodes and serves higher functioning tasks, including governance and unique sending features. The block rewards are currently split between three entities; 45% goes to PoW miners, 45% to the master nodes, and 10% to the DASH treasury.
Around ~18,000,000 tokens will be mined in total,………….
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Original link: https://bravenewcoin.com/insights/dash-price-analysis-usd-market-flips-bullish