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Dash Surges 7% in a Bearish Market, Are These Developments Responsible For it?

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While the top cryptos displaying minor losses, Dash price is up by 7%, and the reasons for the same can be attributed to the series of developments happening in the Dash ecosystem.

Dash is trading at $91.40, at press time and has recorded a trading volume of $276,058,412 in 24 hours, as per data provided by CoinMarketCap. 

Source- CoinMarketCap

On August 17, Dash was trading around 93.422 USD. Within a span of 25 days the price displayed a decrease of 6.93%.

However, considering the weekly price charts, it has made a bounce of 8.25% from the market price of 80.824 USD on September 7. If prices show a similar steady rise, it is likely that Dash will soon cross the $100 mark.

A look At The Platform’s Recent Developments

The increase in price rise can be attributed to the latest developments on the Dash platform. Per a recent update on Coinbase blog, Coinbase Pro is all set to list Dash on its platform. Support for DASH will be available in Coinbase’s supported jurisdictions. These exclude New York State and the United Kingdom. Coinbase pro plans to add additional regions later. 

Source-Twitter

Interestingly, after years of waiting, Venezuala got its first Bitcoin ATM. According to the CoinATMRadar, the Latin American firm PandaBTM has installed a crypto ATM in San Antonio del Táchira. The ATM supports Bitcoin (BTC), Bitcoin Cash (BCH), and DASH, as well as sovereign bolivars and Colombian pesos.

Source-Twitter

With that being said, the list of recent developments does not end here. Komodo has recently launched its decentralized cryptocurrency exchange, AtomicDEX, integrating Dash into its platform. The exchange will allow crypto assets holders to trade directly without any interference from a third party. 

Source-Twitter

NovaDAX, a cryptocurrency exchange from Brazil, has integrated Dash, including fiat trading pairs as well as a promotional competition for customers to earn free Dash.

 

Source-Twitter

Dash is rapidly expanding its presence across South America and this can be witnessed from its listing on exchanges including 3xbit, Coinbene, and XDEX. This has helped expand its scope and liquidity across Brazil.

Further, ElectroPay, the innovative merchant POS solution has pushed the development of its product to enable more merchants to accept Dash. This also includes being able to directly exchange fiat for Dash, as well as act as a point of sale to sell Dash to customers.

PumaPay Integrates Dash

PumaPay, a crypto payment merchant solution which claims to be the first blockchain-based recurring payments system, has recently integrated Dash into the platform. This development will likely bring great profits for Dash holders, as it opens up Dash to PumaPay’s clients in the adult entertainment industry. One of the clients of PumaPay is the porn giant Pornhub.

Source-Twitter

Also, per a recent update on Dash’s official blog, DashPay will be integrated on the existing native mobile wallets on Android and iOS. 

Source-Twitter

 

Do you think a $100 price is on the horizon for Dash once it gets listed on Coinbase Pro? Share your views with us in the comments!

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