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DASH Coin Leading the April Rally

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The crypto market recently saw quite a rally, with nearly every cryptocurrency in the space experiencing massive gains. However, one of the early coins to blow up was actually a privacy coin, Dash (DASH), which surged by 9% and became one of the rally leaders.

The growth started during the early Asian hours on Monday, April 1st, when DASH spiked to reach the market cap of $932 million, while its trading volume went up to $296 million. Meanwhile, its price went up from around $106.45 on March 31st to $118.94.

Soon after the initial burst, DASH started losing the momentum, and its price actually saw a minor correction which brought it back down to $116. However, this was when the rest of the market joined in, and the bull run took Dash up to its highest point in 2019 — $135.

Dash reached this price on April 3rd, two days after the initial surge, which is when the bull run started losing strength as well, causing a number of coins to experience corrections. Dash was among them as well, although its drop from $135 got softened by a strong resistance at $120. After the correction had ended, DASH price was still well above its highest point prior to the industry-wide rally.

DASH bounces off after a small correction

At the time of writing, DASH is seeing growth once again, with its price currently sitting at $131.19, with 3.14% growth in the last 24 hours. And, while this growth is against the USD, DASH is also holding its own against BTC as well, with the price of 0.02636302 BTC at the time of writing, after 3.50% growth in the past 24 hours.

The coin is also seeing quite a lot of usage, judging by its trading volume that spiked to $366.2 million in the last day. Meanwhile, its market cap at the moment sits at $1.140 billion. However, even with the market cap of this size, Dash still remains at the 14th place on the list of largest cryptocurrencies by market cap, indicating that the entire market is performing much better than only a week ago.

In fact, IOTA (MIOTA), which currently occupies the 15th spot on the list, is the first coin with a market cap below $1 billion, although even MIOTA is quite close to this milestone, with the current market cap of $967.17 million.

What is next for DASH?

As for DASH, the coin continues to grow, currently making another attempt at breaching the $135 level. It is difficult to say whether or not it will be successful at doing it, as the barrier stands strong, acting as a major resistance for DASH. However, it is not impossible for the coin to break through, as its already did the same with another massive resistance level at $120, seemingly without much effort.

If DASH price does get rejected when it approaches the $135 resistance, it will likely experience a correction which should not be a major one, but it might still push the coin’s price back down towards the support at $120. However, it is also very likely that DASH price might simply remain below the resistance, and wait for the next market-wide rally to start.

Whatever happens next, DASH is currently at the levels that were not seen since the mid-November market crash, which is certainly encouraging for investors and traders, and its current behavior indicates that its price is ready to continue the growth.

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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

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Bitcoin

Investors Beware: Another Large Bitcoin Crash Might Be Coming

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The crypto prices have surged quite high in the last few months. Of course, their progress is nowhere near the one seen in 2017, but they appear to be getting there, one day at the time. However, things might not be as simple as that, and according to recent performance — it is more than possible that a major Bitcoin crash is incoming.

The fact is that cryptos saw a massive amount of growth in a very short period. Bitcoin itself more than doubled its price in only two months. Now, the rally is starting to crash in on itself, and the coin is already about $1,000 lower than last week. If such development does come to pass, a lot of people will experience quite large losses, although experienced investors might find some opportunities, and leverage in order to enhance their holdings’ long-term value.

For example, Bitcoin dominance is expected to crash very quickly, which will work in favor of quite a lot of altcoins. While this does not seem to be the best time to invest in BTC, altcoins are another story, and diversifying a portfolio now might end up being very profitable in days to come.

Bitcoin behavior mirrors the pre-bear market situation

The crash that analysts are predicting right now comes as a direct consequence of all the hype that has been building up in…

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Altcoins

Top 3 Coins to Buy Before They Go Big

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Crypto bulls are back, that much is clear. The long-lasting, harsh crypto winter is gone, and the new era in digital currency sector opens up some rather interesting opportunities. With many more bull runs expected to come in months ahead, a lot of coins are likely to blow up and maybe even hit new all-time highs, although that still remains purely theoretical.

On the other hand, the fact is that numerous coins are seeing prices that were not achieved since early 2018, and the overall momentum remains bullish. With that in mind, even if new records do not come for a very long time — chances are that many of the coins will blow up enough for investors to see some serious gains in months to come. As a result, investing in some of these coins now might be a very profitable decision, for those who have the patience to wait a few months. Here are some of the projects believed to have the greatest potential to go big in the second half of 2019 and beyond.

1. TRON (TRX)

Putting TRON on the list should not really surprise anyone, as the project constantly comes up with new project updates, partnerships, and alike. It also constantly breaks records, as is becoming one of the biggest players in the dApp and smart contract development sector.

In the past few…

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Blogs

Can Crypto Credit Cards Disrupt the Fight Against Financial Crime?

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It is commonly known that the world of finances has the biggest problem with the crime of all existing industries around the world. It has been so throughout history. While the financial world has evolved, so did the criminal activities, and they continue to be an issue. With the arrival of cryptocurrencies, many were hoping that financial crime might be disrupted. However, for now, at least, it appears that cryptos themselves cannot find a way to resolve issues such as international money laundering.

In fact, when it comes to money laundering, the crypto sector appears to be the weakest link, especially because of the nature of digital currencies. The anonymity that cryptos are being praised for means that anyone can get a payment from an unknown source from anywhere in the world. This method can then be used for financing drug trafficking, cyberattacks, terrorists, and more.

Until recently, it was not easy for bad actors to make use of cryptocurrencies obtained for illegal purposes. The number of merchants willing to accept the coins was low, and criminals were forced to find a way to exchange crypto into fiat currencies. However, this came with a set of issues, such as taking foreign exchange risks and then sending the money through wallets and exchanges to a banking system that would allow withdrawal. The banking account was the biggest obstacle here,…

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