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Dash Evolution will dramatically improve the experience of using digital currency. Their aim is to make it consumer-friendly and to tear down the barriers to adoption for both merchants and consumers so that any person can use digital currency every day and for almost any purpose.visit this link.http://bit.ly/2G5Hm56
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2 Dash is a decentralized & autonomous organization that acts as a “treasury system” to fund developments. 10% of the block rewards go to the “treasury”, in order to pay for development projects submitted from the community, where Master-Nodes have voted to decide which projects get approved. www.cryptoknowmics.com
3 What problems does Dash address? ● Instant Transactions- Bitcoin has a significant disadvantage over its biggest competitor, the credit cards. ● Privacy in Transactions - Dash has made anonymity transactions possible by making them untraceable. ● Decentralized decentralized governance. While Masternodes are incentivized and can govern the blockchain with 1 vote per Masternode, the Dash blockchain is also self-funded. Governance- Dash has self-sustainable www.cryptoknowmics.com
3 Dash Features since its inception in 2014 ● Two-tier network with incentivized nodes and decentralized project governance (Masternodes) ● Instantly settled payments (InstantSend) ● Instantly immutable blockchain (ChainLocks) ● Optional privacy (PrivateSend) ● Ability to buy goods at thousands of merchants worldwide www.cryptoknowmics.com
3 Partnerships and Collaborations ● Dash, one of the largest digital currencies in the market, and VegaWallet will be working together in order to implement new applications and utility-related to Dash’s services. ● With this partnership, the legal cannabis industry will be interacting with the cryptocurrency market. According to Bradley Zastrow, Global Head of Business Development at Dash Core Group explained that the goal of VegaWallet is to create payment solutions for the legal cannabis industry. ● With this agreement, Dash will be gaining a new market interested in purchasing Dash, The market is valued at $10 billion. www.cryptoknowmics.com
3 Dash Partners with Aircoins to Support Treasure Hunt ● This partnership will allow Dash to reach new markets by allowing users to collect coins as they move around cities, and because they can now use that currency, this will open up a new engagement model and user experience. ● Dash will be available for trading against Bitcoin and Tether (USDT), including trading via Pionex’s five trading bots built into the exchange. These include grid-trading bots that allow traders to create a high and low range to trade within, called the “trading channel”, and thus profit from the market movements within that range. www.cryptoknowmics.com
3 Adoption ● Dash recently has been gaining adoption in developing countries. For example, in Venezuela. There are undoubtedly a lot of problems in Venezuela, and the local fiat currency is going down big time. Many Venezuelans have started to look for alternatives to send money abroad, and one of those alternatives is Dash. ● Besides Venezuela, of course, Dash is hoping to gain more adoptions in both developing and developed countries. ● Dash is accepted at over 4,900 merchants globally, accessible via 700+ ATMs and 90+ exchanges worldwide www.cryptoknowmics.com
3 Correlation Vector ● Various studies and results have repeatedly reinstated the fact the portfolio investment is a better approach then a single-asset investment and any asset which helps in diversification have proved to be a vital investment in a volatile market. Dash Network has a low to medium correlation coefficient with some other crypto assets, hence making it a valuable portfolio component for a medium to long term investment. A diversified portfolio helps in reducing the losses in a down market. www.cryptoknowmics.com
3 Technical Analysis ● On Daily Time frame DASHUSDT is showing possibilities for a Golden Cross to happen the market is getting accumulated for a major surge. The Elliott Corrective wave C=0.38A formed a strong support region around 50$ which also shows signs of possible market reversal for the next impulse wave cycle. ● As of now (01/11/2020) the market pair is expected to give another 20% rise from the current price level and is expected to have a small correction after which it will pan out with a golden cross to give the surge. www.cryptoknowmics.com
3 Conclusion Dash Evolution will dramatically improve the experience of using digital currency. Their aim is to make it consumer-friendly and to tear down the barriers to adoption for both merchants and consumers so that any person can use digital currency every day and for almost any purpose. Sources https://www.cryptoknowmics.com/news/dash-review-report www.cryptoknowmics.com
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