Dash: excellent performance for crypto in 2020
In the first three months of 2020, one of the cryptocurrencies that stood out for its positive performance, despite the decline of many other cryptocurrencies, especially in March, was Dash.
Among the most used cryptos, in particular by Venezuela not only as a store of value, but also to buy necessities, Dash has also recently been supported by more than 10,000 ATMs in Mexico and in partnership with Parsiq to facilitate the acceptance of crypto as a payment method by merchants, particularly in Asia.
This and other news, such as the SEC categorization at the end of 2019, allowed Dash to perform very well, marking a + 30% from January to today.
Senior Analyst eToro, Nemo qin, concerning the positive trend that characterized the Dash in the last quarter, explains in effect:
“It was one of the best performing crypto assets of this quarter for a variety of reasons. First, the US Security and Exchange Commission (SEC), which recognizes a very small number of cryptographic assets as “secure”, gave Dash this qualification. A classification which helps to give legitimacy, therefore, to other cryptocurrencies as well. Dash has also worked extensively on strategic partnerships with major international brands such as Burger King, or with governments such as Germany and Venezuela. The local currency of the latter country is actually plagued by hyperinflation, therefore many Venezuelan citizens are turning to cryptocurrencies as an alternative. This type of collaboration, coupled with quick transactions and lower costs than Bitcoin, makes Dash preferable in everyday use. But there is also one last important aspect – concludes Nemo Qin – and consists of the reward that Dash PoW recognizes for minors who have more than 1000 Dash, who are authorized to obtain a Dash node. A strategy that attracts investors and retains them over the long term. “
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