Altcoin News

Cryptomarket: The rise of DASH and its future explained

Cryptomarket – The Month of November saw DASH grow speedily overtaking Litecoin in terms of market capitalization at number 7.  This position it has enjoyed for quite some time. The steady growth seems to have captured the eyes of communities and cryptocurrency companies. Recently, DASH partnered with CoinBR, a Brazilian company. This partnership combined with steady growth seems to be yielding benefits for the coin.

Cryptomarket: DASH latest developments

With Dash‘s partnership with coinbr, it has seen a much broad use within the country and the cryptomarket. It is believed that at least 13,000 locations provide possibilities of using the coin thanks to the Coinbr platform. The coin’s developers also announced recently that 2MB have been activated with the aim to get it up to 5MB. This block increase is in a bid to increase the efficiency of transactions. It has also seen an increase in ads on crypto apps and from the look of things, it seems to have yielded positively to the coins growth within the cryptomarket.

At press time, it is at the 7th spot and just 4 billion from overtaking Ripple to get to the 6th spot in terms of market capitalization. Looking at its growth rate since November, and the very slow growth rate of ripple, the possibilities are great for DASH overtaking ripple everything being equal. According to the Oracle times, its rise in price can be attributed to fast private transaction time, the level of security in the network, approval from Roger Ver, a partnership with wall of coins and easy purchase of first coin which due to the conditions surrounding owning the coin, Dash just seems to be the headache solver.

What do you think about these partnerships and the expansion of Dash in Brazil? Do you think it also stands the chance of overtaking Ripple in terms of cryptomarket capitalization?

Please let us know in the comment section below.

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