{"id":15268,"date":"2017-11-14T00:00:00","date_gmt":"2017-11-13T16:00:00","guid":{"rendered":"https:\/\/www2019.dash.org\/2017\/11\/14\/dash-cryptocurrency-builds-base-after-setting-record-above-500\/"},"modified":"2021-09-18T11:39:00","modified_gmt":"2021-09-18T11:39:00","slug":"builds","status":"publish","type":"post","link":"https:\/\/www.dash.org\/news\/builds\/","title":{"rendered":"Dash Cryptocurrency Builds Base After Setting Record Above $500"},"content":{"rendered":"

Dash is seeking direction after hitting new highs.<\/p>\n

After reaching a new\u00a0record above $500 on Sunday, the sixth-largest cryptocurrency by market capitalization fell back to near $350 today before regaining poise above the $400 mark.<\/p>\n

As of writing, the dash-U.S. dollar (DASH\/USD<\/a>) exchange rate is $403. As per\u00a0CoinMarketCap<\/a>, the cryptocurrency is up 4.58 percent over the last 24 hours, and 48 percent in the last week.<\/p>\n

The record rally seen over the weekend is reportedly due to the flow of money out of bitcoin and into alternative cryptocurrencies triggered by last week\u2019s suspension of the Segwit2x hard fork. Following the last-minute move to halt a controversial bitcoin upgrade, the markets saw a broad rally in the tokens of competing blockchains such as dash,\u00a0bitcoin cash<\/a>\u00a0and others.<\/p>\n

Also possibly driving price gains, the dash core team has announced\u00a0the latest release of its software<\/a>, an update that would bring a 2 MB block size and lower and transaction fees. The move may further strengthen the appeal of dash as a payment network, especially among those who believe that modifications to its blockchain will ultimately boost performance.<\/p>\n

Indeed, price chart analysis suggests the base has shifted higher to around $380 levels and that markets could revisit record highs sooner rather than later.<\/p>\n

Dash chart<\/h3>\n

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The above chart shows:<\/p>\n