There are several non-technical factors that could have caused the recent DASH pump. Noteworthy is the news that London-based Equicex has added Digital Exchange (DASH) to its exchange platform and debit card service. This is coupled with the news of the release of the new blockchain voting software and a responsible downsizing of the Dash Core Group (DCG) earlier this month.
The Dash Coin Price or simply DASH has risen in the past few days after some positive developments around the project. The recent price hike has resulted in cryptocurrency taking IOTA to 14th place in the rankings by total capitalization of the coin market.
DASH started the month just above $ 82 but has since climbed to a high of $ 93, spiking more than $ 14 at some point yesterday. The question is, what are the factors responsible for the recent Dash price surge?
Find out the latest news on DASH cryptocurrency and the DASH community here.
The London-based exchange platform and financial services provider Equicex Group announced on Monday that it would now support DASH alongside some other top cryptocurrencies. “Equicex Group, which offers regular and privacy-conscious debit cards and exchanges, has decided to incorporate Dash to greatly improve the spending options of Dash users,” said a blog post on Dash News.
#DASH is now available on #Equicex. Swap #Dash for #BTC, #ETH, #LTC, #ETC, #BCH and many more. The payment of virtual prepaid and plastic cards is activated. https://t.co/Ex94bu7J7H @Dashpay #bitcoin #virtualcard #prepaidcard pic.twitter.com/rJwqeatAAj
– Equicex Exchange (@equicexgroup) March 9, 2019
With the announcement, DASH users now have access to the deposits provided by Equicex for virtual prepaid and plastic debit cards. Users can also trade the coin with top cryptocurrencies like Bitcoin (BTC), Ether (ETH), Litecoin (LTC), Ethereum Classic (ETC) and Bitcoin Cash (BCH).
According to David Miller, CIO of Equicex, the Blue VISA Card is currently available for fiat currencies in British pounds sterling (GBP), euros (EUR) and US dollars (USD) [the] User countries “.
Shortly after the announcement, the price of Dash Money rose a little more than 12 percent compared to the previous 24 hours. It will reach 14 percent at its highest point during the day.
How much does 1 Dash (DASH) cost today?
As of this writing or as of this writing, the Dash price hike has slowed down a bit and is trading at a 24-hour increase of just under 10 percent. The coin trades at $ 92.4 against the USD with a market cap of $ 802,776,759 and a trading volume of $ 312 million. Most of the trading took place in Bithumb, which makes up 75 percent of the trading volume.
With recent gains, DASH is now the 14th largest coin by market cap, having overtaken IOTA, which now ranks 15th with a market cap of $ 799 million. The difference between the market capitalization of both coins is only about $ 3 million, although it was more than 5 million at the height of the DASH surge.
Dash releases new version of blockchain voting software
As Smartereum reported, Dash Blockchain released a new version of its blockchain voting software known as Dash Trust Protector Election Software to improve the decentralization of the Dash Autonomous Community. The codes have been added to DASH GitHub. Dash Core Group’s deputy CTO, Nathan Marley, who developed the software, promised to answer questions about a DASH GitHub page for dashevo.
Earlier this week, the Dash Core Group, responsible for developing the Dash ecosystem, announced cost-cutting measures that resulted in the release of at least five team members, including head of strategy, Alexander Chopan, and head of business development, Bradley Zastrow.
Venezuela is one of the largest users of Dash looking to offer a digital cash alternative for third world countries. Despite the hyperinflation in Venezuela and President Nicolas Maduro, there are around 4,800 traders who have integrated Dash in Venezuela. Last year Dash launched Dash Text, a text messaging service that allowed Venezuelans to send and receive money using SMS codes with no internet service.
Despite the nationwide blackout in the country and widespread crises and economic turmoil, the Dash Text has continued to work to help Venezuelans send and receive money inside and outside the country. Dash touted this as a major accomplishment that resulted in the collapse of financial services in the country. Some mobile transfers and top-ups from phones were not available at the time.
Carolyn Coley is a blockchain reporter. She joined Smartereum after graduating from UC Berkeley in 2018.