Dash Keeps Overtaking Ethereum As Purse.io’s Most Popular Altcoin As Bitcoin Dominance Strengthens
Purse.io’s number one most-used cryptocurrency, besides Bitcoin, is Dash for the second month in a row. But despite the progress made by some Altcoins in real-world adoption and usability, Bitcoin has strengthened its position as number one in the rankings. An online shopping site popular in the cryptocurrency community, Purse acts as an escrow service to allow customers to trade Bitcoin for purchases made with Amazon gift cards. This effectively allows anyone to shop on Amazon.com with Bitcoin, sometimes at significant discounts. Purse has partnered with streamlined cryptocurrency....
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In a major price surge, Dash has nearly doubled market cap over the last month, overtaking Litecoin and Monero to become the fourth most valued cryptocurrency. This week one year ago, Dash was the #7 ranked cryptocurrency with a market cap of about $23 mln. This number grew steadily over the course of the year, finishing out the year with a market cap of $69 mln and maintained #7 ranking. Over the course of 2017 so far, however, Dash’s growth has significantly picked up steam, exceeding $100 mln over January. This month Dash has risen to a nearly $200 mln market cap, currently with a value....
Altcoin season is a phrase that is quite popular throughout the crypto market. The phrase refers to the run-up in the prices of altcoins after the price of bitcoin slows down. The altcoins usually see an uptick in their individual and collective market dominance, taking even more market share from the top cryptocurrency, bitcoin. As the coins become more valuable, their prices soar following the increased market share. An altcoin season usually sees most of the altcoins in the market rallying at the same time. With Ethereum’s price mostly leading the charge once the prices start surging.....
The popular Bitcoin wallet Mycelium has just announced it will soon integrate the privacy-centric cryptocurrency Dash. The implementation of the Dash token will allow Mycelium users to buy, sell and hold Dash within their wallet. Mycelium Will Integrate Dash This October. Dash has been quite popular these days as Bitcoin.com just recently reported on a....
Shake provides support for Dash, Gatecoin draws “first blood,” and ShapeShift will bring altcoins to debit cards. Want to catch up on your latest altcoin news? Read the stories below. SHAKE, RATTLE & DASH: DEBIT CARDS ON THE WAY. Bitcoin debit card provider Shake is adding Dash support to its platform, allowing customers to use Dash to purchase goods and services. Dash is labelled as the world’s seventh strongest digital currency. VP of business development at Dash Daniel Diaz expressed enthusiasm over the move, stating: “This is a very exciting financial option for the Dash community.....
BTC dominance has always had an inverse effect on the price movements for altcoins. Historically, BTC dominance determines the direction the value of altcoins swings in. Bitcoin has so far maintained majority dominance on the market. But as more time passes, that dominance goes down as altcoins see more demand. BTC dominance simply shows how much demand there is for bitcoin compared to altcoins. The more BTC dominance rises, the lower the demand for altcoins. This means that for altcoins to rally up further, bitcoin demand has to go down. Related Reading | Ethereum Breaks 200,000....