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DASH Coin Leading the April Rally - Global Coin Report
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DASH Coin Leading the April Rally

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DASH coin
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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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Top 3 Crypto Trends That Might Go Big in Q2 2019

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So far 2019 has brought a significant change to the crypto industry. Q1 of this year has seen the rise of the idea of IEOs, the crypto space has finally managed to shake off the bears, and numerous coins throughout the industry have seen their prices grow once again.

The latest rally happened only several weeks ago, and it allowed Bitcoin to surge up by $1,000. Most other coins followed in their own way, but the investors are now wondering what to expect out of Q2? The Q1 started off badly, but it ended up being extremely successful. The chances are that history might repeat itself in the second quarter, as there are some key trends that might point the way for the further development of the crypto market.

1. The rise of IEOs

Back in 2017 and early 2018, ICOs (Initial Coin Offerings) were everything that the crypto space was talking about. Their popularity allowed startups to raise billions upon billions of dollars. Soon enough, however, that ended in a pretty bad way. STOs (Security Token Offerings) emerged as an alternative that does not depend on trust, follows regulations, and it actually holds value. However, asset tokenization might still be in its early stages, and this is something that might come back at some point in the future.

In 2019, however, IEOs (Initial Exchange Offerings) started attracting the…

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The Crypto Space Once Again Divided Over Bitcoin SV

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Bitcoin SV
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The crypto community is a strong one, one that managed to bring digital currencies from nothing to an industry worth hundreds of billions of dollars. However, while its strength in this regard is undeniable, the crypto community can be just as fragile given the appropriate conditions. With that in mind, the conditions seem to have been set for a new divide, although the cause is once again the same — Dr. Craig Wright and his Bitcoin SV (BSV).

Craig Wright vs. the (crypto) world

Dr. Craig Wright, the chief scientist at nChain, and the creator of Bitcoin SV. has been a well-known and very controversial figure in the crypto industry. Wright was suspected of being Bitcoin’s creator several years ago, which is possible because no one knows who is behind the name ‘Satoshi Nakamoto.’

Wright was believed to be him, and one theory claimed that he and his friend were responsible for giving life to BTC. However, the theory quickly died out, but not before Wright seemingly liked the idea of assuming the mantle of Nakamoto. He himself started claiming to be Bitcoin’s mysterious creator ever since.

Of course, he managed to gather up some followers, but the majority of the crypto community — while confused — did not believe him. Luckily, there is no need for trust, and Wright should easily be able to prove that he…

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Are XRP and Ripple Going to Be Worth Anything by the End of 2019?

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One surprise recently was when XRP took over Ethereum’s long-held second place in the Market Cap leaderboards. It quickly went back to its traditional and respectable third place behind Ethereum, but it could be a sign of things to come.

XRP has a lot of clout in the market because of the platform it is based on, which is Ripple. A coin that is used for a very specific purpose and with a long term goal in mind is always going to fare better than others. Litecoin, Bitcoin Cash and others have come about because of disagreements in Bitcoin. Therefore they offer nothing except an alternative to Bitcoin as a pure cryptocurrency, while Ripple (and XRP along with it) has something tangible behind it.

Big Banks Back Ripple

Ripple was created in 2012 for a specific reason. It aimed to become a faster and more efficient method to transfer value between banks and countries. This value can be almost anything from currencies to other instruments. While initially, banks were cautious about investing in the company, recently they have been lining up. The crypto winter has helped with innovation int he industry and Ripple has benefitted immensely for it.

The various payment solutions based on Ripple such as xRapid and xCurrent are seeing a large uptake, and this is having an amazing effect on XRP as a whole.…

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