DASH +4%, Partnerships and New Use Cases Help Boost Coins Prices. Wednesday, October 24th
DASH Rebounding, $200 Expected Soon?
After a tumultuous 6 months of sliding downwards, DASH has finally turned the corner and is heading back up hill. This is welcomed news to DASH traders and investors. The upwards trend, which is the first in more than 3 months can be attributed to several announcements involving new DASH partnerships and real-world use cases being implemented.
DASH opened the week trading at $153.74 and is currently trading at $157.39. Analysis of the charts shows that this upward trend should continue as both confidence and sentiment in the cryptocurrency is rising. An important number to watch will be the resistance level of $162.21. If the bulls are able to break through this mark, DASH will not have anything stopping it until it reaches the area of $181. Given the increase in sentiment and confidence in the coin, over the past 24-48 hours, there is no reason to think that this bullish trend will stop, and in fact it should gain momentum as the day goes on.
DASH/USD Price Chart, Wednesday October 24th:
DASH Partnerships and Use Case Announcements Help Boost Coins Prices
The recent surge and directional change to the positive can be attributed to several announcements in the news regarding DASH use cases and partnerships. Among the most noteworthy are the recent integration of Uphold into the DASH wallet and the Announcement several days ago that CoinCola has partnered with DASH to being cryptocurrency exchange services to Venezuela, a nation plagued by financial troubles. Other recent news that has portrayed DASH in a positive light has also helped bolster the coins popularity. Already one of the most widely used cryptocurrencies, DASH is gaining more recognition.
As stated by CoinCola’s CEO,
“...We decided to partner with Dash because it is the most efficient digital currency for payments, offers the lowest fees, and provides ‘InstantSend’ technology. Dash represents a strong presence in Venezuela, Latin America, and the rest of the world. We are very selective in with which coins we list to our platform, and we are proud to now offer Dash to Venezuelan users.”
DASH Market Expectations
With the recent partnerships, positive news pieces and partnerships, the markets have reacted to swing DASH onto an upwards trend. Currently trading in the mid-$157 range, DASH is expected to break through the $181 mark and head close to $200.
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