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Dash is a cryptocurrency and payment system focused on privacy and speed. It was created in 2014 as a fork of the Bitcoin blockchain. Dash has a two-tiered network structure with master nodes providing governance and additional services such as instant transactions (InstantSend), private transactions (PrivateSend), and decentralized governance (DGBB). Dash aims to offer a more user-friendly and scalable alternative to Bitcoin, with a focus on financial privacy and faster transaction speeds.
Dash has a two-tier network structure that includes regular and master nodes. Masternodes provide additional governance and services to the network and are incentivized through rewards from block rewards. Dash has a decentralized governance system that allows 10% of block rewards to be put into the treasury and used to fund development and other initiatives.
This enables a sustainable funding model for continuous network growth. Additionally, Dash offers optional privacy features such as PrivateSend and ChainLocks, which enable more secure and private transactions on the network.
Overall, Tonomics Dash aims to balance network participation incentives, maintain network security, and fund ongoing development.
Dash overcame its short-term resistance, having offered the token a resistance-free uptrend of up to $140. Even the weekly candlestick confirms the next price action based resistance to place above $100. Will DASH surpass $100? Read us Running predictions to know!
Carefully assessing each candlestick, we saw a sharp buy followed by a break of the 200 EMA. Combining these two reactions with increased purchase volume than usual would push the Dash token beyond $100 easily. The support of $38 played a key role in controlling the freefall of this token.
Since rising from the resistance zone and dropping in November 2022, Dash is trading near the 100 EMA, which is increasing with its price action. At the same time, the 200 EMA served as resistance since Jan. 14 for over 15 days before making a strong break. The strong breakout pattern indicates higher lows and trend-supporting buying volume, which is strong enough to stop any profit bookings by sellers.
The RSI and MACD technical indicators offer to confirm the start of a new positive trend for Dash. The uptrend break confirmed by the MACD indicator is an unusual and strong indication for buyers to participate in this rally. Resistance based on the weekly candlestick will prevent it from moving closer to the $100 to $140 range.
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