• About
  • Advertise
  • Contact
Cryptopolitan
  • Home
  • News
    • All
    • Altcoin News
    • Binance News
    • Bitcoin Cash News
    • Bitcoin News
    • Blockchain News
    • Cardano News
    • ChainLink News
    • Cyber Security News
    • Dogecoin News
    • EOS News
    • Ethereum News
    • Exchange News
    • Industry News
    • Litecoin News
    • Monero News
    • Polkadot News
    • Regulation News
    • Research News
    • Ripple News
    • Scam News
    • Token Sale
    • Tron News
    Bitcoin price prediction Dead cat bounce from $29k worries BTC bulls

    Bitcoin price prediction: Dead cat bounce from $29k worries BTC bulls

    Litecoin price

    Litecoin price prediction: LTC to retest $160 resistance

    Bitcoin mining chips

    Bitcoin mining chips scarcity: Samsung planning to Bankroll chip making plant

    Bitcoin whale Bitcoin US Senator Circle CEO Bitcoin adoption BitMEX Mobile app Max Keiser Bank Crisis Bitcoin price Nasdaq listed MicroStrategy

    Bitcoin whale MicroStrategy invests more in Bitcoin during dip

    Polkadot price

    Polkadot price prediction: DOT to rise to $20.00

    Litecoin price prediction

    Litecoin price prediction: LTC rebounds after failing to reach $120

    Bitcoin mining

    Bitcoin Miners in China hit with dearth of chips

    Ripple Price Prediction 22.01.

    Ripple price prediction: XRP rejecting further upside at $0.31

    Ethereum price

    Ethereum price prediction: ETH to retest $1,400 resistance

    Trending Tags

    • Fintech
    • Bitcoin Industry
    • Stock Market
    • Digital Currency
    • Bitcoin
    • Altcoin
    • Blockchain
    • Binance
    • Security
    • Ripple
    • Litecoin
    • Ethereum
    • Dogecoin
    • Cardano
    • Tron
    • Token Sale
    • Industry
    • Exchange
    • Polkadot
    • ChainLink
  • Guides
  • Regulation
  • Price Index
    • Bitcoin Price
    • Ethereum Price
    • Ripple Price
    • Bitcoin Cash Price
    • Chainlink Price
    • Litecoin Price
    • Polkadot Price
    • Cardano Price
    • Binance Coin Price
    • Stellar Price
    • EOS Price
    • Tron Price
    • Monero Price
    • Dash Price
    • IOTA Price
    • Dogecoin Price
    • Altcoin Price
  • Research
  • Scam
  • Events
No Result
View All Result
Cryptopolitan
  • Home
  • News
    • All
    • Altcoin News
    • Binance News
    • Bitcoin Cash News
    • Bitcoin News
    • Blockchain News
    • Cardano News
    • ChainLink News
    • Cyber Security News
    • Dogecoin News
    • EOS News
    • Ethereum News
    • Exchange News
    • Industry News
    • Litecoin News
    • Monero News
    • Polkadot News
    • Regulation News
    • Research News
    • Ripple News
    • Scam News
    • Token Sale
    • Tron News
    Bitcoin price prediction Dead cat bounce from $29k worries BTC bulls

    Bitcoin price prediction: Dead cat bounce from $29k worries BTC bulls

    Litecoin price

    Litecoin price prediction: LTC to retest $160 resistance

    Bitcoin mining chips

    Bitcoin mining chips scarcity: Samsung planning to Bankroll chip making plant

    Bitcoin whale Bitcoin US Senator Circle CEO Bitcoin adoption BitMEX Mobile app Max Keiser Bank Crisis Bitcoin price Nasdaq listed MicroStrategy

    Bitcoin whale MicroStrategy invests more in Bitcoin during dip

    Polkadot price

    Polkadot price prediction: DOT to rise to $20.00

    Litecoin price prediction

    Litecoin price prediction: LTC rebounds after failing to reach $120

    Bitcoin mining

    Bitcoin Miners in China hit with dearth of chips

    Ripple Price Prediction 22.01.

    Ripple price prediction: XRP rejecting further upside at $0.31

    Ethereum price

    Ethereum price prediction: ETH to retest $1,400 resistance

    Trending Tags

    • Fintech
    • Bitcoin Industry
    • Stock Market
    • Digital Currency
    • Bitcoin
    • Altcoin
    • Blockchain
    • Binance
    • Security
    • Ripple
    • Litecoin
    • Ethereum
    • Dogecoin
    • Cardano
    • Tron
    • Token Sale
    • Industry
    • Exchange
    • Polkadot
    • ChainLink
  • Guides
  • Regulation
  • Price Index
    • Bitcoin Price
    • Ethereum Price
    • Ripple Price
    • Bitcoin Cash Price
    • Chainlink Price
    • Litecoin Price
    • Polkadot Price
    • Cardano Price
    • Binance Coin Price
    • Stellar Price
    • EOS Price
    • Tron Price
    • Monero Price
    • Dash Price
    • IOTA Price
    • Dogecoin Price
    • Altcoin Price
  • Research
  • Scam
  • Events
No Result
View All Result
Cryptopolitan
No Result
View All Result
Home News Altcoin News

Venezuelan wallet adoption boosts Dash price

Muhaimin Olowoporoku by Muhaimin Olowoporoku
January 26, 2020
in Altcoin News
2 min read
Venezuelan wallet adoption
586
SHARES
3.2k
VIEWS
Share on FacebookShare on Twitter

Venezuelan wallet adoption has enabled the Dash crypto to soar raising its price by 11.17% in the past 24 hours. This is coming at a time when the crypto market is seeing a revival, consolidating for a possible bull run in Bitcoin’s May halving.

Currently, Dash is worth around $110.52 USD across major crypto exchanges, as its total market cap stands at $1.029 billion USD placing the coin 15th on CMC charts.

Dash sees 562% increase in active wallet users in Venezuela https://t.co/dKy69s8Vmx via @YahooFinance

— Darren Tapp (@ComputingFtw) January 24, 2020

RelatedPosts

Stellar price prediction: XLM towards $0.5, analyst

Stellar Lumens price prediction: Price fails in crossing above $0.3200, what’s next for XLM?

Chainlink price reaches ATH

AC Milan to Launch ACM fan token with Chiliz

Dash’s price surge has been attributed to increasing demand in economic ridden Venezuela and other South American economically troubled countries. The crypto bounced off the near term support level provided by the 20-day Bollinger Bands middle line at $87.00 USD in the early European trading hours on Saturday. Bulls took over the market on Sunday pushing the price over 10% in the past 24 hours. The crypto spurred a bullish reversal on DASH/USD, ending the week-long downtrend, since hitting a high of $155 on 15th Jan.

Venezuelan wallet adoption boosts Dash price 1

Venezuelan wallet adoption, the underlying theme

Venezuela has been economically ridden since as far back as 2010 when the president Hugo Chaves at that time declared an “economic war” due to increasing shortages in Venezuela. The crisis intensified under the current president, Nicolas Maduro’s government, growing more severe as a result of low oil prices in early 2015, and a drop in Venezuela’s oil production from lack of maintenance and investment.

The country as part of strategies to curb the economic deficit has introduced using crypto for economic transactions within and outside the country. It also launched its own native crypto ‘Petro’ towards improving its economy.

However, Venezuelans have not settled well with Petro owing to its value as it is believed they prefer to hold other cryptos like Bitcoin, Etherum, XRP, and others. This is part of the reasons for Dash’s price surge and continuous wallet adoption.

Dash price may touch the $200 mark

With the continued demand for the crypto in Venezuela, long term market technical indicators predict a possible fall to $100 USD before the continuation of the trend, which may see the crypto touch the $200 mark. The daily MACD formed a death cross with the Elliot Wave Oscillator turning strongly bearish for the first time since early November.

Venezuelan wallet adoption boosts Dash price 2

Featured Image by Pixabay

Muhaimin Olowoporoku

Muhaimin Olowoporoku

Muhaimin loves writing on crypto news aside from being a crypto enthusiast. He has a knack for analysing issues and updating people on what's happening around the globe. He believes that blockchain and cryptocurrency are the most useful systems of mutual trust ever devised.

Related Posts

Stellar price prediction XLM towards $0.5, analyst
Altcoin News

Stellar price prediction: XLM towards $0.5, analyst

January 21, 2021
Stellar Lumens price
Altcoin News

Stellar Lumens price prediction: Price fails in crossing above $0.3200, what’s next for XLM?

January 19, 2021
LINK
Altcoin News

Chainlink price reaches ATH

January 18, 2021

Follow Us

  • 40.6k Fans
  • 8.3k Followers

Latest News

Bitcoin price prediction Dead cat bounce from $29k worries BTC bulls

Bitcoin price prediction: Dead cat bounce from $29k worries BTC bulls

January 23, 2021
Litecoin price

Litecoin price prediction: LTC to retest $160 resistance

January 23, 2021
3 Great Places to Buy Bitcoin In 2021 3

3 Great Places to Buy Bitcoin In 2021

January 23, 2021
Bitcoin mining chips

Bitcoin mining chips scarcity: Samsung planning to Bankroll chip making plant

January 22, 2021
Bitcoin whale Bitcoin US Senator Circle CEO Bitcoin adoption BitMEX Mobile app Max Keiser Bank Crisis Bitcoin price Nasdaq listed MicroStrategy

Bitcoin whale MicroStrategy invests more in Bitcoin during dip

January 22, 2021

Signup To The Daily Roundup

Get New Posts By Email:
Privacy Policy

Got a Story tip? Email Contact@Cryptopolitan.com

News

Guides
Bitcoin News
Blockchain News
Ethereum News
Industry News
Research News
Scam News
Regulation News
Exchange News
Bitcoin Price
Ethereum Price
Bitcoin Cash Price
Cardano Price
Dash Price

Stay Connected

Facebook
Twitter
Telegram
Youtube

Company

About
Contact
Write for us
Advertise with us
Privacy Policy
Cookie Policy
Comment Policy
Editorial Policy
Terms and Conditions
Crypto Portfolio Tracker

Exclusive Partners of

Footer 4

Got a Story tip? Email Contact@Cryptopolitan.com

cryptopolitan 1

News

Guides
Bitcoin News
Blockchain News
Ethereum News
Industry News
Research News
Scam News
Regulation News
Exchange News
Bitcoin Price
Ethereum Price
Bitcoin Cash Price
Cardano Price
Dash Price

Stay Connected

Facebook
Twitter
Telegram
Youtube

Company

About
Contact
Write for us
Advertise with us
Privacy Policy
Cookie Policy
Comment Policy
Editorial Policy
Terms and Conditions
Crypto Portfolio Tracker

Cryptopolitan brings you quality Blockchain and Cryptocurrency news, ICO reviews, crypto technical analysis, and other unique news insiders. We cover Bitcoin news, altcoins news, blockchain projects news, ICO news, regulatory developments and the confluence of news on the leading blockchain technologies.

© 2021 Cryptopolitan. All rights reserved. Terms | Privacy

No Result
View All Result
  • Home
  • News
    • Bitcoin
    • Altcoin
    • Blockchain
    • Binance
    • Security
    • Ripple
    • Litecoin
    • Ethereum
    • Dogecoin
    • Cardano
    • Tron
    • Token Sale
    • Industry
    • Exchange
    • Polkadot
    • ChainLink
  • Guides
  • Regulation
  • Price Index
    • Bitcoin Price
    • Ethereum Price
    • Ripple Price
    • Bitcoin Cash Price
    • Chainlink Price
    • Litecoin Price
    • Polkadot Price
    • Cardano Price
    • Binance Coin Price
    • Stellar Price
    • EOS Price
    • Tron Price
    • Monero Price
    • Dash Price
    • IOTA Price
    • Dogecoin Price
    • Altcoin Price
  • Research
  • Scam
  • Events

Copyright © 2020 Cryptopolitan.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.