Dash reaches all-time high

Dash coin shows rapid growth, rising by 28,81% within past 24 hours and by 59,33% within past 7 days
13 November 2017   707

Dash, a cryptocurrency which currently takes 5th place among 10 top coins and has a market capitalisation of $3,3 billion, reached all-time high price of $521,55 at 0:19 UTC on November 13. Why did the coin show such an unexpected rise?

Dash Coin Charts November 2017Dash Charts

It seems like investors and traders are getting tired of the Bitcoin and Bitcoin Cash instability, and tend to turn their attention to other altcoins which seem more suitable. Judging by charts, it appears that they turn to Dash. The coin was hovering around the $289 mark on November 8, but has leapt almost %55 to $521 in the wake of the Bitcoin war.

What might have also lead to such a growth of coin price is that on November 8, cryptocurrency Dash has announced launch of a new software upgrade Dash Core 12.2 that aims at reducing its transaction fees to near zero. Moreover, it will double its network capacity. Regular Dash transactions will now cost less than a cent, and their InstantSend transactions will be reduced to 2.8 cents each, which is 215 times cheaper than Bitcoin transactions, which have a cost of about $6. On November 11, Dash Core 12.2.1 update was released. 

Cryptocurrency CFDs to be available 24/7 in Europe

European brokerage Robomarkets has made cryptocurrency-based CFDs`trading possible for its clients
20 March 2018   287

Today the list of accessible trading instruments includes popular kinds of cryptocurrency: bitcoin, bitcoin cash, dash, ethereum, ripple and litecoin. An investment company Robomarkets registered by Cyprus Securities and Exchange Commission (CYREC) has added CFDs (contracts-for-difference) for constant trading: BTC/USD, ETH/USD, BCH/UCD, DASH/USD, XRP/USD and LTC/USD. The maximum admissible leverage of these instruments is 1:5. They may be traded on such platforms as Metatrader 4, Metatrader 5, Webtrader and also on the Robomarkets`own R Trader terminals. Moreover, the clients can buy cryptocurrencies without swaps (with a leverage value of 1:1) using the R Trader platform.

Robomarkets presented the new concept to its clients and explained that in contrast with the instruments the most CFD traders are used to, cryptocurrencies can be traded 24/7 including on the weekends when fiat currency pairs, stocks and commodities are unavailable for trading operations. This factor gives the traders an opportunity to use more strategies which may take some extra time to add to the common business week.

The Robomarkets` development manager Konstantin Rashap claimed that the company keeps up with modern and cutting-edge technological solutions and would be pleased to offer its clients trading assets of new class. According to his point of view, the aim of adding cryptocurrencies to the list of 8,700 available trading instruments is not only to respond to the clients`demands, but also to improve the services`quality.

Bitcoin and ethereum trading had been firstly launched by Roboforex, the European brokerage`s international sister company in September, 2017. Besides, the Belize-licenced firm added CFDs (bitcoin cash, dash, Ripple`s XRP, litecoin) earlier this year.