Dash price has reached again more than $500

The most popular 10 cryptocurrencies prices were expected to raise together with Bitcoin and Dash uprising is the most interesting to watch
21 November 2017   1869

Although when some alternative coins start growing, the question of legitimacy appears. There are no obvious evidence and reason for Dash to grow. But price still growing, achieving $500 and it attracts lot of attention.

Dash price has reached $500

Also we can watch increasing interest of privacy-oriented currencies like Monero and Dash. Bitcoin still major currency but it has some problems with anonymity and privacy. And considering the attention governmental agencies pay to cryptocurrencies, there is no surprise that people look for more private currency.

But it is not expected that Dash will shift Bitcoin. People still prefer Bitcoin instead of Dash or other altcoins. Moreover people using many different coins do this for some speculating purposes.

The demand for Dash raised out of the blue, but Bitcoin will be major currency for long. Nonetheless Dash is not sustainable: it reached more than $500 and soon fell to $460.

It is also thought that price raising was provoked by stolen over $30M from Tether recently.

Although despite the total rejection, the price of Dash is 5,52% in USD and 3,65% in BTC now. Bitcoin grows up again, nevertheless the situation is unpredictable and everything can reverse.

Crypto Trading Desk to be opened by eToro in London

eToro, a broker that proposes cryptocurrency trading in addition to foreign exchange, is to start a new over-the-counter cryptocurrency trading desk in London
18 June 2018   205

Over-the-counter supports any financial trading activity that does not take place at an exchange. Things that are traded in this way are commonly subject to less regulation and transparency than they would be if they were listed on an exchange, but for most investors there is no significant difference. 

In his interview to Business Insider CEO Yoni Assia claimed that most interest was coming from the owners of hedge funds.

We’ve actually set up our corporate team here in the UK to start setting up accounts to trade on eToro. We’ve announced that we’re launching the exchange as well so, between the exchange and the OTC desk, we’re also starting to serve more potential institutions and financial institutions. I think there is growing institutional demand and interest of public investors to understand whether they can join the party. That is something we definitely see out there. We see more and more public market players and big banks who are interested in this space and feel left out because they’re not allowed to invest in crypto or ICOs
Yoni Assia,
CEO, eToro

As a social trading broker, eToro suggests its clients the option of copying the trading behaviour of other customers, that is good if they are too occupied or not experienced. It proposes trading in foreign exchange, stocks and CFDs. About 500 specialists are engaged on the firm, the company keeps offices in the UK, Cyprus and Israel.

The company was established in 2007 and started offering Bitcoin trading in January 2014. Cryptocurrency had become popular by 2017, and the firm reported a 4,500% jump in trading volume by April, and on one day in December it acquired more new customers in a day than it had in the whole previous year. In March 2018 the firm raised $162 million to fund an expansion into Asia and in May it got into the US market with that same money. It suggests Bitcoin, Ethereum, Litecoin, XRP, Dash, Bitcoin Cash, Stellar, Ethereum Classic, NEO, and EOS for trading.

Several months ago at a conference Yoni Assia claimed: “The use of blockchain and crypto is and will become a way of life.”