Bitcoin is not the only major cryptocurrency to note a price increase right now. Dash, one of the more popular altcoins, is also going through a significant uptrend. More specifically, the value vanaf coin is heading back toward US$200 thanks to a 13% value increase overheen the past 24 hours. A growing trading volume on Bithumb, combined with other pinnig of news, is the main reason for this price increase.
Dash is Having a Very Good Week so far
Ter some cases, wij will see an influx of positive news influence the price for particular cryptocurrencies. This uphill battle is a bit more difficult for alternative cryptocurrencies unless they can bring something interesting to the table. Dash, one of the more privacy-oriented cryptocurrencies ter existence, has seen its fair share of good news this week. Moreover, it seems the currency is now listed on the Korean Bithumb exchange, resulting te close to US$30m ter 24-hour trading volume of that exchange alone.
Considering how Korean exchanges aren&rsquo,t exactly keen on adding fresh currencies, the fact Dash is listed is a major validation on its own. Bithumb is mainly known for trading Bitcoin and Ethereum, and it doesn&rsquo,t voorstelling up Dash is effectively listed on their main pagina. However, Coinmarketcap shows the Dash/KRW trading pair from Bithumb is generating an unusually high amount of volume, which is nice to see. The company recently added Litecoin spil well, indicating Bithumb is keeping a close eye on the markets spil wij speak.
The Bithumb trading volume is only one opzicht of the story behind this latest Dash price increase, tho’. Te fact, the big news comes ter the form of Apple ultimately approved Dash-related applications. Spil most enthusiasts may recall, Apple has always had a difficult relationship with cryptocurrencies and related applications. This is especially true when said cryptocurrency offers privacy or even anonymity traits. Ter the case of Dash, the cryptocurrency offers both, which has always bot a thorn te the side for Apple.
However, thesis problems are a thing of the past, spil there is now an official iPhone Dash wallet app ter the Apple App Store. This wallet also features the InstantSend functionality, which is what most people seem to like about Dash spil a currency. Numerous years of debating with Apple to get this application approved are ultimately paying off, by the look of things. It is good to see this wallet eventually vertoning up ter the App Store, spil it has bot long overdue.
Moreover, it emerges the list of merchants accepting Dash payments is on the rise spil well. According to a latest Reddit postbode, this number has grown to just overheen 200, which is quiebro a significant milestone for this altcoin. The news also comes at a time during which the number of major retailers accepting Bitcoin payments is on the decline. Whether or not there is any correlation inbetween thesis two developments, remains to be determined, however.
It is good to see the cryptocurrency ecosystem thrive spil wij speak. More importantly, it&rsquo,s nice eyeing currencies other than Bitcoin and Ethereum make some positive headlines thesis days. While Bitcoin will remain the top cryptocurrency for fairly some time to come, Dash is certainly attempting to climb the ranks merienda again. More competition can be a very positive trend ter the world ocryptocurrency. .
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