The Token of the day 28/05: Dash

The week starts with an adverse trend for the cryptocurrency market, highlighting Dash, which is trading at a few dollars of its key support of US $ 300.

Dash technology is based on a P2P (Peer-to-Peer) network design in two levels. This technology rewards users who run a special type of node called Masternode, and maintain it 24/7 with dedicated hardware.

The Dash cryptocurrency is the first fully decentralized digital money system, which is increasingly accepted by businesses on the Internet.

Dash is one of the longest cryptocurrencies in the ecosystem, quoted since February 2014, according to data from CoinMarketCap.

At the time of writing Dash is trading at US $ 305, exactly on its key support, giving an interesting buying opportunity for both short and long term investors.

From CryptoTendencia we have a high valuation of the project, since the Token has been consolidated in its 4 years of life, and also, the maximum emission is expected at 18.9 million, which transforms it into a scarce commodity in the future.

In the graph above you can see how Dash has lost more than $ 1000 worth, since its historical high of January at $ 1,336.

If the project maintains its growth, Dash, should not have major problems in returning to trading above the US $ 1,000, before a rebound in the digital asset market.

Dash ranks 14th in the cryptocurrency ranking, with a market capitalization of US $ 2,473 million.

The Token Dash can be traded in several exchanges, among which we highlight Binance and Bitfinex.