It appears as if the dash price has overcome its major struggles earlier this week. More specifically, it appears the price would dip below $300 by quite a margin just a day ago. Today, that same Dash is valued at $315 once again. This proves the market is rather resilient, especially considering how the value was $291.77 late last night. Whether or not this is just a temporary trend or a sign of more positive things to come, remains anybody’s guess for the time being. Dash Price Returns to the $315 Range It is always remarkable to see how cryptocurrency markets
It appears as if the dash price has overcome its major struggles earlier this week. More specifically, it appears the price would dip below $300 by quite a margin just a day ago. Today, that same Dash is valued at $315 once again. This proves the market is rather resilient, especially considering how the value was $291.77 late last night. Whether or not this is just a temporary trend or a sign of more positive things to come, remains anybody’s guess for the time being.
Dash Price Returns to the $315 Range
It is always remarkable to see how cryptocurrency markets evolve over time. What seems to be a positive trend one day can lead to heavy losses the next and vice versa. There are no guarantees in the world of cryptocurrency, and the current Dash price action only confirms that fact even further. Just last night, the Dash price dipped below $300 for the first time in a while, which surprised a lot of people.
Whereas some users saw this as a major sign of how the Dash value would crash, things turned out very differently in the end. In fact, this brief price dip created a new buying opportunity for people who were looking to buy Dash at a slightly cheaper price. The people who successfully did so have already made a profit of over $20 per Dash in the process. This shows anyone in the world can make good money by buying and selling cryptocurrencies, assuming you do your own research and not just believe every TA chart in sight.
One thing that is still somewhat troublesome is how the Dash trading volume remains incredibly low right now. More specifically, there is only $41.74m worth of 24-hour volume, which is not necessarily spectacular by any means. Then again, even this low trading volume has successfully pushed the Dash price back above $300m which shows there are some more gains on the horizon. Then again, the cryptocurrency market is highly unpredictable, and no one knows for sure what the future will hold for Dash or any other cryptocurrency.
The vast majority of Dash trading volume comes from the Bithumb exchange. This is not an unusual trend these days, even though most of these pump-and-dump cycles on Bithumb have proven to cause some market instability in the long run. Right now, it seems the Korean traders want to push the Dash price to $320 in the near future, but it remains to be seen if other exchanges around the world will follow their lead by example. It is interesting to see WEX in the top 6 Dash exchanges by trading volume, considering this rebranded BTC-E service has only launched recently.
Whether or not things will improve for Dash moving forward, remains to be seen. There is still a lot of work to be done before we can claim a value of $300 is a stable floor for Dash, mind you. Cryptocurrency markets will always remain subject to severe volatility and Dash will be no exception in this regard whatsoever. What may be considered to be a solid value increase today may be all but forgotten just a few days from now. This same principle applies to all cryptocurrency markets, mind you.
It will be interesting to see what the future will hold for the Dash price. If the trading volume picks up a bit, maintaining the $315 volume will not be much of a challenge. However, it is impossible to tell what will influence this particular market in the coming days and weeks. A lot of positive things are happening for Dash right now, and that momentum will eventually have an impact on the price as a result.
