Dash (Darkcoin)

Dash Market Report: DASH/BTC Sets All Time High of $74.34

Brief:


Dash is up 36.25% on the day, up 78.89% on the week and up 284.15% on the month on a last price of 0.06240000. DASH/BTC is trading between a 24hr high of 0.06348900 and a 24hr low of 0.04346013 on a 24hr volume of 28391 BTC or 525240 DASH. The weekly trend is up.

Last price

0.06240000 DASH/BTC

$USD

last price $ 72.84
one week ago $ 40.72
percentage 78.88%

Volume

Volume

The 24 hour volume on Poloniex is 28391.02212927 BTC or 525240.51725942 DASH.

Remarks

Dash One Month Chart
chart-dash-btc-1month-4hour

DASH/BTC set an all time high today of 0.06348900 BTC or $74.34 at today’s bitcoin price. Dash is up a whopping 284.15% on the month and tops today’s altcoin volume leaders on Poloniex.com.

DASH/BTC has seen continual price growth since mid February 2017 during which it spiked to 0.0485000 on March 02 on a thirty day high volume of 41,330 BTC. It then began to climb even higher to today’s all time high.

Bitcoin News
okcoin-sec-winklevoss-ruling

The Dash climb came against the backdrop of a sharp bitcoin price decline. OKCoin saw a daily bitcoin high of $1318.97 fall to $1050 – a loss of $268.97 – in the space of about fifteen minutes.

The SEC made a ruling against the acceptance of the much touted Winklevoss Bitcoin ETF. The proposal received a lot of trading interest, and substantively affected crypto prices, but failed to garner the required support of the conservative US Securities and Exchange Commission. According to the SEC the reason for the rejection is:

“As discussed further below, the Commission is disapproving this proposed rule change because it does not find the proposal to be consistent with Section 6(b)(5) of the Exchange Act, which requires, among other things, that the rules of a national securities exchange be designed to prevent fraudulent and manipulative acts and practices and to protect investors and the public interest.

The Commission believes that, in order to meet this standard, an exchange that lists and trades shares of commodity-trust exchange-traded products (“ETPs”) must, in addition to other applicable requirements, satisfy two requirements that are dispositive in this matter. First, the exchange must have surveillance-sharing agreements with significant markets for trading the underlying commodity or derivatives on that commodity. And second, those markets must be
regulated.”

Get the complete “Order Disapproving a Proposed Rule Change” decision here.

Apparently the new Trump USA administration has not addressed dinosaur like tendencies in the Securities and Exchange Commission, or its business squashing interpretation of regulations. There is a substantive amount of new economic activity which could result if new approaches in government – including in the SEC – were made.

Dash Weekly Chart
Zoom in for weekly Dash price and volume details with the Featured Chart.

Price change

Price change is the percentage change within the period:

period change
day 36.25%
week 78.89%
month 284.15%

Featured Chart

Tap or click chart to enlarge:

chart-dash-btc-1week-2hour

Data source

Poloniex is the data source for this market report.

Market capitalization

Market capitalization is the total $US dollar value of the Dash market calculated using the formula:

market cap = ( available supply x last price )
Market cap $ 521,445,462
Available supply 7158779
Last price $ 72.84

Daily High Low

daily high 0.06348900
daily low 0.04346013

Trend

The weekly trend is up.

trend is UP

Support

Support is the lowest price within the period:

period support
day 0.04346013
week 0.03155210
biweekly 0.02221519
month 0.01595000

Resistance

Resistance is the highest price within the period:

period resistance
day 0.06348900
week 0.06348900
biweekly 0.06348900
month 0.06348900

Margin trading

yes

The data source Poloniex offers margin trading on this digital asset.

Range

Range is the difference in price within the period:

period range
day 0.02002887
week 0.02751758
month 0.04615649

Market sentiment

Market sentiment is bullish.

sentiment bullish

Image courtesy Pixabay.com

Summary

Dash is up 36.25% on the day, up 78.89% on the week and up 284.15% on the month. The weekly trend is up. DASH/BTC saw weekly support at 0.03155210 and weekly resistance at 0.06348900. Market sentiment is bullish.

Disclaimer

Past history is NOT an indicator of future results. Read the legal disclaimer:

http://kittybitcoin.com/docs/disclaimer.php

Printed

This report was printed on Saturday March 11 2017 22:02 hours UTC. Contact KittyBitcoin to request custom reports.

Coming soon

Thanks for reading! 🙂

Tags

Dash, DASH/BTC, Poloniex, Brief, Last price, Volume, Remarks, Price change, Chart, Data source, Market capitalization, Indicators, Daily high low, Trend, Support, Margin trading, Resistance, Range, Market sentiment, Summary, Disclaimer, Printed, Coming soon, cryptocurrency, bitcoins, BTC, altcoins, investing, trading, speculation, coins, investment, digital, assets, tags

@KittyBitcoin supplies mobile friendly blockchain intelligence on http://kittybitcoin.com. Their favorite color is pink and the bigger the wool ball the better.
Free AllCoinsNews Email Updates
Get the latest cryptotoken market news and blockchain developments!
We respect your privacy.