DASH has been making significant gains in the past two weeks, with most of these gains being attributed to the ongoing market support. While the bullish sentiment is still being experienced across the entire market, bitcoin and altcoins are fighting to hold the high levels created in the past week.
The coin is trading at $175.25 at the time of writing after an 8.2% gain in 24 hours.
DASH Price Analysis
The coin is an altcoin that is leading in gains in the past 24 hours. The token is inching closer towards reaching the next resistance of $180, which will be transformative for the token. Market support shows signs of maintaining the momentum because most signals are indicating good buy positions.
If the token fails with the upswing, we could see the coin heading towards the next lower level of $160. This will happen if the entire market fails. However, the coin will still be in a bullish zone at this price, and strong bears will only kick in after the coin goes below $120.
Besides benefitting from the market support, the DASH ecosystem also needs to boost adoption for its network because this will also help in the growth of the the token. Recently, the token made a significant step to boost adoption.
The token is a payments network based on blockchain. In a recent press release, the network launched a non-custodial retail app that will boost merchants’ adoption of the coin. Users will control the DashDirect app to make daily purchases using their Dash tokens.
Valkyrie Digital Assets, a digital asset manager, recently announced its third crypto fund for the Dash cryptocurrency. The fund will involve staking and give users exposure to the token. Other funds managed by the firm include Polkadot Trust and Algorand Trust.
With these real-world uses to boost the adoption and investor exposure to Dash, we could see an increasing value in the token prices.
Where to Buy DASH
To purchase DASH during the recent market bulls, you can create a cryptocurrency exchange account on eToro. eToro is a popular social copy trading platform that offers access to many features and tools. If you are a new trader using eToro, you can increase your chances of making profits by copying the trading strategies of expert traders. eToro also charges low trading fees and commissions.
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