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Digitalcash

DASH (Dashcoin) Coin Analysis 26/03/2022Fundamental Analysis: Dash is an open-source blockchain and cryptocurrency focused on offering a fast, cheap global payments network that is decentralized in nature. According to the project's white paper, Dash seeks to improve upon Bitcoin (BTC) by providing stronger privacy and faster transactions. Dash, whose name comes from "digital cash," was launched in January 2014 as a fork of Litecoin (LTC). Since going live, Dash has grown to include features such as a two-tier network with incentivized nodes, including "masternodes," and decentralized project governance; InstantSend, which allows for instantly settled payments; ChainLocks, which makes the Dash blockchain instantly immutable; and PrivateSend, which offers additional optional privacy for transactions. According to its website, the goal of Dash is "to be the most user-friendly and scalable payments-focused cryptocurrency in the world." To accomplish this, the project relies on a network of masternodes, which are servers backed by collateral held in Dash that are designed to provide advanced services securely and governance over Dash's proposal system. In exchange for part of the block rewards, masternodes provide a second layer of services to the network. They facilitate functions such as InstantSend, PrivateSend and ChainLocks. Dash is marketed to both individual users and institutions, including merchants, financial services, traders and those who need to send international remittances. In October 2020, Dash Core Group reported that its strategic objectives moving forward include building its ecosystem and brand, ensuring that users are satisfied and further advancing the technology behind the network. Dash's governance system, or treasury, distributes 10% of the block rewards for the development of the project in a competitive and decentralized way. This has allowed the creation of many funded organizations, including Dash Core Group. In addition, the Dash Foundation, which advocates for the adoption of the cryptocurrency, receives donations and offers paid individual and institutional memberships. Dash uses a two-tier network to secure its transactions. The first tier consists of nodes that carry out mining operations under a proof-of-work consensus protocol, meaning that they compete to solve complex cryptographic problems and at least 51% of nodes must approve a transaction for it to be added to the blockchain. The PoW algorithm used by Dash is called "X11" — a custom hashing algorithm developed by Dash founder Duffield that uses a sequence of 11 hashing algorithms. According to Dash's documentation, X11 is "one of the safest and more sophisticated cryptographic hashes in use by modern cryptocurrencies." The second tier consists of masternodes operating under a proof-of-service consensus algorithm in which masternodes are rated based on their history of providing good services to the network. Masternodes oversee the network and have the power to reject new blocks added by nodes if they were approved improperly. They also enable Dash's ChainLocks feature, which increases security because every 12 hours, a rotating group of masternodes observe and confirm all new blocks added to the blockchain. Dash's developers have stated that this protects the network against 51% attacks. Dash was founded by software developers Evan Duffield and Kyle Hagan. The project was originally called XCoin, changing its name to Darkcoin two weeks later before rebranding again to Dash in March 2015 in an effort to positively change its image. Before launching Dash, Duffield was a software developer with experience in finance, from his time working at Hawk Financial Group, as well as in public relations, having developed machine learning algorithms and search engines. He first conceived of Dash in 2012 as a way to add more anonymity to Bitcoin — hence, originally calling it Darkcoin. Duffield has claimed that he started it as a hobby, coding it in just one weekend. Duffield served as CEO of Dash Core Group — the company that supports the continued development, integrations and other activities of Dash — until December 2017 when he stepped down to focus on other strategic initiatives. Hagan co-authored the original Darkcoin whitepaper alongside Duffield. However, he left the project early on in December 2014. The maximum number of Dash tokens that can be issued is 18,921,005. However, this figure ultimately depends on how the governance decides to allocate the 10% of block rewards reserved for budget proposals. If none were ever allocated, only 17,742,696 DASH would ever be emitted. New Dash tokens are created through a proof-of-work mining algorithm in which the token emission rate is decreased by one-fourteenth, or approximately 7%, every 210,240 blocks, or about every 383 days. Approximately 45% of new DASH is awarded to miners, 45% to masternodes and 10% to fund future proposals. In August 2020, a proposal was approved that will, once in effect, change the ratio of coins awarded to miners and masternodes from 50/50 to 40/60, respectively. Within the first 48 hours of Dash's launch, approximately 2 million coins were mined, which significantly exceeded the planned emission schedule. Dash was originally forked from Litecoin, which suffered a similar issue at its launch due to a bug in its difficulty adjustment algorithm. While it is well-documented that Dash inherited the bug from Litecoin, there has, nonetheless, been widespread speculation about whether the resulting fastmine was intentional to benefit early miners. The current CoinMarketCap ranking is #72, with a live market cap of $1,378,795,303 USD. It has a circulating supply of 10,641,166 DASH coins and a max. supply of 18,900,000 DASH coins. Technical Analysis: As you can see the Price Value has fallen to 85% of its All Time High and it seems to be very Discounted and Undervalued at the moment and it can be considered as a good investment opportunity. The flow of Smart Money at this moment is very obvious as this asset is at the Accumulation phase currently and can Blast to the higher levels post its Accumulation. There exist a Bullish Divergence of Price and MACD which can be interpreted as the Bearish Trend Reversal and beginning of the new Bullish trend and new cycle. We have defined the Total of 3 Targets using the Fibonacci Trend Base Extension levels, which can forecast the Hight of the upcoming cycle, The 3 TP gets confirmed as the Price Triggers the 2 TP followed by some Price Correction.
Long
by BitonGroup
DASH/BTC 12H (Binance) Channel & triangle on supportTA: Digital Cash (renamed Dash only) is facing strong support of parallel channel and symmetrical triangle. FA: Privacy coins have a bright future in cryptocurrency world like Zcash (ZEC) and Monero (XMR) as I already mentioned few month ago. Also I would add Komodo (KMD), Pivx (PIVX), Zcoin (XZC), Verge (XVG) and Horizen (ZEN) to the list (in no specific order). Current Price= 0.007910 Buy Entry= 0.007912 - 0.007452 Take Profit= 0.008540 | 0.009139 | 0.010108 Stop Loss= 0.006824 Risk/Reward= 1:1 | 1:1.7 | 1:2.83 Expected Profit= 11.17% | 18.97% | 31.58% Possible Loss= -11.17% Fib. Retracement= 0.236 | 0.382 | 0.618 Margin Leverage= 1x | 3x | 5x Estimated Gain-time= 1080h
Long
by TradingOn
Welp, Hope You Got Into USDC When the 125MA Was Lost...COINBASE:BTCUSD Shown in my previous post (linked) was how crucial holding the 125 daily moving average was to BTC. As soon as it closed convincingly below it yesterday, I went 100% USDC, and shipped them to my Nexo savings account. if you don't know about that, hit me up. Returns that beat the S&P500 average annual return over the last 30 years by more than a full % with zero risk of losing capital. Too good to be true, right? I thought so too. But I digress. Point is, I will be a buyer of BTC now at areas marked on chart, and buys will increase in size as price decreases. Option 2 would be to wait and buy back in when BTC breaches the 125 MA to the upside again with authority, which should signal a return to bull market scenario. And please please please don't be fooled into thinking "Oh, the RSI is oversold, I can buy now..." like so many I see. Note the spot I highlighted on the chart from a very similar candle and very similar RSI reading last November. You will note that BTC fell over 40% more before the tide turned, and the RSI was oversold the entire time. Don't try to time this on RSI or support lines. Find consolidation areas for buys, use fibs, or simply wait on the 125 MA as it has been the most telling indicator yet of whom is really in control of price action. Follow me, don't follow me, no skin off my nose. Just putting my plan out there for all to see, win or lose. I win quite a bit more than I lose, but so what. It's only the future of money we're talking about here. You could always just cash out in regular old USD and put it in a savings account to grab that whopping what, 1% APY? Or buy some bonds for that 2% APY. Or buy the S&P500 for that 6.73% APY (thats the average annual return last 30 years btw). Personally my limit buys are already set at these levels for BTC. I also have buys for ETH, BCH, and my personal favorite underdog (sorta) which is DASH. In the meantime, I'll be getting paid 8% APY that gets compounded and paid out DAILY for my little ol' USDC's. Rule of 72 says if I just put all my money in this account and forget I own it I double my money in just 9 years, worry free. I don't know about you, but from a long term investment standpoint, I mean, wow. I'm all the way out of stocks now except for literally Kroger's and two more secrets of mine, and all focus is on crypto for the foreseeable future. As long as money runs the world, the future of money will run the markets. And make no mistake, #Fintechisthefuture. Happy hunting and GLTA!! **DISCLAIMER** Obviously just one weirdo's opinion, DO NOT buy or sell something because I said it looks pretty and then complain about losing your money please. If you think I'm full of shit, join the crowd and send a comment making fun of me. If you think I'm right, then you are obviously very smart and I'd imagine very handsome/pretty, send a comment saying we will rule the world with our cryptos soon. But whatever you do, DO NOT take this as financial advice to buy or sell securities. Thank you and good day.
COINBASE:BTCUSD
by UnknownUnicorn1314136
Will dash live up to its name in 2018?Dash (Digital Cash) seems to be setting up for another great run like last year, it has been trading sideways for almost a year. If we break above the falling wedge there will be resistance between the 0.09 - 0.1 mark. Once we see it break above that level and manage to hold above it, dash will be heading towards its ATH. Keep an eye on the RSI. If we see it break above the pennant on the RSI, dash will most likely break out of its falling wedge on the chart. If all succeeds, dash might become the number one source for digital payments, that depends on if the evolution will become a success in the longterm. Please do note that the release dates are not accurate, its an approximation to when it will be officially released. Good luck!
Long
by luukerd