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Dash is a cryptocurrency and payment system that puts the emphasis on confidentiality and rapidity. It was established in 2014 as a fork of the bitcoin blockchain. Dash has a two-tier network structure with master nodes that provide extra governance and services such as instant transactions (instantsend), private transactions (privatesend), and decentralised governance (dgbb). Dash aims to provide a more user-friendly and scalable alternative to bitcoin, with an emphasis on financial confidentiality and speed of transactions.
Dash has a two-level network structure which consists of regular nodes and master nodes. Masternodes provide additional governance and services to the network and are supported by rewards block. Dash has a decentralised governance system that makes it possible to invest 10% of the overall reward in a treasure trove and to finance development and other initiatives.
It enables a sustainable financing model for the continued growth of the network. In addition, dash optionally offers privacy features like privatesend and chainlocks, which allow more secure and private transactions on the network.
Overall, Dash's tokenomics aim to balance the incentive to participate in the network, the maintenance of network security and the financing of continuous development.
Dash overcoming its resistance in the short run, offered this token an uptrend trend without resistance up to $140. Even the weekly chandeliers confirm that the next price-based resistance will be placed in excess of $100. Dash over the hundred? Read our Dash prediction to know!
When we carefully evaluated the individual candlesticks, we noticed a strong buying frenzy followed by a breakout of 200 ema. The combination of these two reactions with a higher than normal purchase volume would push the dashboard token above $100 with ease. The $38 support played a pivotal role in controlling this token's free fall.
Since transitioning from resistance and downside zones in November 2022, the dashboard has been trading close to the 100 ema, which has increased with its price. At the same time, the ema 200 had been in resistance since January 14 for more than 15 days before breaking heavily. The breakout pattern strongly indicates higher lows and purchase volumes supporting the trend, which is strong enough to stop any profit reservation by sellers.
Rsi and macd technical indicators offer confirmation of the start of a new positive trend for dash. The uptrend confirmed by the macd indicator is an unusual and strong signal for buyers to take part in this rally. Resistances based on weekly candles would prevent it from approaching the range of $100-$140.
