• About
  • FAQ
  • Contact Us
Newsletter
CoindeskHUB
Discreet cryptocurrency exchange, crypto resources & latest market headlines.
  • Home
  • Exchange
  • Market
  • News
    • Bitcoin
    • Ethereum
    • Regulation
    • Blockchain
    • Monero
No Result
View All Result
  • Home
  • Exchange
  • Market
  • News
    • Bitcoin
    • Ethereum
    • Regulation
    • Blockchain
    • Monero
No Result
View All Result
CoindeskHUB
No Result
View All Result
Home Monero

Dash FastPass Rollout Across Top Cryptocurrency Exchanges Sparks Bullish Surge

Tony Spilotro by Tony Spilotro
September 12, 2020
in Monero
0
Dash FastPass Rollout Across Top Cryptocurrency Exchanges Sparks Bullish Surge
189
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter

Tony Spilotro



Dash, has earned the reputation of being one of the longest surviving crypto assets in the market. The project has developed specific standards to enable users to enjoy the best possible user experience. Experience is what will, in the end, drive user adoption, and Dash is paying close attention to this fact.

To keep standards high for its users, Dash has launched the FastPass initiative. Selected partners will essentially commit to meet certain standards set in cooperation with the early altcoin project. Here’s why this is a big deal for cryptocurrency investors and why markets are already responding.


FastPass Initiative Rolls Out On Coinbase, Kucoin, Liquid, Other Top Platforms

Dash’s FastPass initiative acts as a seal of approval implying that users can expect the highest level of user experience when using the digital asset.

The “enhanced” experience is made possible through platforms that integrate ChainLocks or InstantSend, allowing users to access faster and more reliable transactions.

The current roster of companies with FastPass status is filled with major crypto industry powerhouses. It will eventually expand to include “top-tier exchanges and industry-leading cryptocurrency services that offer a wide array of tools to traders such as margin trading, derivatives, OTC, trading bots, analytics, lending, custody, and staking solutions.”

Current accredited partners include Coinbase, Coinbase Pro, Liquid, KuCoin, HitBTC, Hummingbot, Quadency, Bibox, WhiteBIT, Indodax, and many more. Using these platforms and Dash’s fast transactions, even bots won’t be held back thanks to the high-speed altcoin.

The trading portion of the network is now live, but the Dash Core Group is working closely with these same partners to provide education about all that Dash has to offer in a future update scheduled for early October.

Dash Prices Spike in Response, Chart Patterns Show Probable Continuation

Dash was already bullish ahead of the recent announcement, but after a reversal pattern, the FastPass news could cause a breakout of the bullish chart pattern in DASH/USD.


DASHUSD 4-Hour Price Chart | Source: TradingView

After the inverse head and shoulders pattern and an initial rise and throwback to support, an ascending triangle pattern has started forming, showing that bulls are buying up any drops back down to the ascending support line.

A breakout is imminent, and according to previous price targets, DASH USD could retest highs. The cryptocurrency along with other major crypto assets could set another new 2020 high if the current support levels can hold.


DASHBTC 4-Hour Price Chart | Source: TradingView

With the DASH BTC trading pair, a similar pattern has taken shape, but rather than an inverse head and shoulders, the bottom reversal pattern appears to resemble more of a triple bottom. The rise has formed a bull pennant that suggests that Dash is set to outperform the rest of the market – including Bitcoin – in the days ahead.

Is the bullish momentum a surge in interest surrounding Dash, or has this latest FastPass announcement brought yet another significant boost to the crypto asset’s price?



Source link

Related articles

Japan Rallies Behind XRP as Ripple Faces US Litigation

Japan Rallies Behind XRP as Ripple Faces US Litigation

January 21, 2021
Ignoring Bitcoin, Hedera Hashgraph, Reef and Perpetual Protocol rally higher

Ignoring Bitcoin, Hedera Hashgraph, Reef and Perpetual Protocol rally higher

January 21, 2021
Tags: BullishCryptocurrencyDashExchangesFastPassRolloutSparksSurgeTop
Share76Tweet47

Related Posts

Japan Rallies Behind XRP as Ripple Faces US Litigation

Japan Rallies Behind XRP as Ripple Faces US Litigation

by Sandali Handagama
January 21, 2021
0

Sandali Handagama “I’m not selling,” Makoto, a Japanese entrepreneur and XRP investor, told CoinDesk.Makoto first bought the digital token XRP...

Ignoring Bitcoin, Hedera Hashgraph, Reef and Perpetual Protocol rally higher

Ignoring Bitcoin, Hedera Hashgraph, Reef and Perpetual Protocol rally higher

by Cointelegraph By Rakesh Upadhyay
January 21, 2021
0

Cointelegraph By Rakesh Upadhyay Bitcoin (BTC) price tumbled more than 10% today to hit a low near $31,000 and at...

DeFi on Cardano will enable users to earn yield on staked ADA

DeFi on Cardano will enable users to earn yield on staked ADA

by Priyeshu Garg
January 21, 2021
0

Priyeshu Garg Once Cardano’s Goguen era is launched, users will be able to earn additional yield on their ADA without...

Take ‘my’ Bitcoin whitepaper down or face lawsuit

Take ‘my’ Bitcoin whitepaper down or face lawsuit

by Cointelegraph By Greg Thomson
January 21, 2021
0

Cointelegraph By Greg Thomson Craig Wright, the Australian computer scientist who claims to be Bitcoin inventor Satoshi Nakamoto, has threatened...

Bitcoin Option Traders Hedge Against Downside Risk as Price Dips to Near $32K

Bitcoin Option Traders Hedge Against Downside Risk as Price Dips to Near $32K

by Omkar Godbole
January 21, 2021
0

Omkar Godbole Amid another price downturn Thursday, bitcoin options traders appear to be becoming less bullish on the immediate prospects...

Load More
  • Trending
  • Comments
  • Latest

US Commodities Regulator Beefs Up Bitcoin Futures Review

December 9, 2020

Proposal seeks to overhaul Aave’s $375 million Safety Module

January 10, 2021
Hodler’s Digest, Dec. 27–Jan. 2

Hodler’s Digest, Dec. 27–Jan. 2

January 2, 2021
Here’s why stablecoins like USDC going ‘legal’ is bullish for DeFi

Here’s why stablecoins like USDC going ‘legal’ is bullish for DeFi

January 6, 2021
Japan Rallies Behind XRP as Ripple Faces US Litigation

Japan Rallies Behind XRP as Ripple Faces US Litigation

0
Russia’s Richest Man is Launching His Own Crypto Token

Russia’s Richest Man is Launching His Own Crypto Token

0
FinCEN Rehires Chainalysis Exec to ‘Confront Emerging Threats’

FinCEN Rehires Chainalysis Exec to ‘Confront Emerging Threats’

0
Is the Bitcoin Network Becoming Unsustainable?

Is the Bitcoin Network Becoming Unsustainable?

0
Japan Rallies Behind XRP as Ripple Faces US Litigation

Japan Rallies Behind XRP as Ripple Faces US Litigation

January 21, 2021
Pro traders buy the dip as bears push Bitcoin price to the edge of $30K

Pro traders buy the dip as bears push Bitcoin price to the edge of $30K

January 21, 2021
Ignoring Bitcoin, Hedera Hashgraph, Reef and Perpetual Protocol rally higher

Ignoring Bitcoin, Hedera Hashgraph, Reef and Perpetual Protocol rally higher

January 21, 2021
Power DeFi users can now claim Stake DAO tokens

Power DeFi users can now claim Stake DAO tokens

January 21, 2021
  • Exchange
  • About
  • FAQ
  • Contact Us

Copyright © 2020 SoftNOC LLC exclusively for CoindeskHUB.com & Exchange.CoindeskHUB.com

No Result
View All Result
  • Home
  • Exchange
  • Market
  • News
    • Bitcoin
    • Ethereum
    • Regulation
    • Blockchain
    • Monero

© 2020 CoindeskHUB created by .

Go to mobile version