Masternode-enabled cryptocurrencies tend to go through severe price fluctuations on a nearly daily basis. The most valuable currency in the MN industry is Dash, formerly known as Darkcoin. Its price currently sits near the $85 level, which is rather positive after the troublesome year of 2018. For now, it easily maintains its position as top dog in the masternode sector.
Dash Price Shows Bullish Signs
Throughout 2018, all cryptocurrencies have seen a high and a very steep decline afterward. Dash hasn’t been an exception in this regard, as the all-time high value of over $1,200 could not be sustained for very long. Things have gotten dire for Dash ever since that time, although it would appear a solid uptrend is forming as of right now.
Over the past 24 hours, there has been a notable Dash price improvement. Following a strong 5.5$ increase in USD value, one Dash is now valued at $85.95. There is a minor deficit in the Dash/BTC ratio, although no real changes are expected in this department. Combined with a solid trading volume of $110.5m, the current statistics look rather promising.
What is rather interesting is where the trading volume comes from. Dash is, at this time, extremely popular on Bithumb, CoinMex, and LBank. These are, except for Bithumb, not necessarily the exchanges one would expect to see in the top three. All other markets are relatively quiet where this altcoin is concerned, albeit that is only normal during the weekend.
It is evident there are some high expectations for the future Dash price. Jesus Crypto would invest nearly his entire portfolio in Dash rather than diversify the money a bit. Such a one-sided investment strategy can pay off handsomely, although it is always better to keep a finger in many different pieces. Even so, it shows the sheer belief this person has in the highest mastenode-enabled enabled cryptocurrency on the market today.
— Jesus Crypto (@JesusCrypto33) January 6, 2019
All signs point toward a promising start of the week for Dash. That in itself is somewhat surprising, albeit weekends hardly ever determine a cryptocurrency market trend for the coming days and weeks. How the Dash price will evolve exactly, is very difficult to predict at this time. A very enticing week lies ahead in this regard.
Disclaimer: All information provided in this article is for educational and entertainment purposes only. MNMMG Does not offer investment advice and is not responsible for any financial losses sustained by its readers.