Re: [ANN][DASH] Dash (dash.org) | First Self-Funding Self-Governing Crypto Currency
Any Particular reasons on this Dash Rise.
The 'catalyst' was a crossover of the 10-Week and 21-week EMA on the very long range 1-Week chart. It's only the 4th such crossover in 2 years and crossed at 0.015 which is why there is still a lot of strength in the rally at this level since the market was well oversold for 2-3 months towards the end f last year.
The crossover has happened at successively higher points on the 1-Week chart over the 2 year period.
(Note: This is just the coin-to-coin price ratio with Bitcoin which is the most pessimistic measure as it doesn't take into account relative supply increase. Relative market cap against bitcoin has even more gain).
Let me credit Toknormal with calling this massive bull run.
Tok isn't calling a target on this one (and neither am I!). I will say that in the first major run up, we hit 3.5x our "crossover" price . In the second and third, we hit 2x our "crossover" price. This time our crossover price was about 0.015 - 0.016, so if we hit 3.5x that level, then we could see prices of .05 - .055. Hypothetically, let's say we hit 0.05 and Bitcoin's ETF is approved and drives the price up to $3k USD as some have predicted. At its height, DASH will be worth $150 each with a market cap just slightly exceeding $1 billion.
I'm not saying this will happen, or even that it's desirable (IMO, slow and steady is better for the long term--as we all know, in the last crypto bubble (Nov/Dec 2013) it took 1187 days for Bitcoin to return to its ATH).