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The New Year has seen little gains in the crypto space as the market seeks to rebound from the slump in value encountered towards the end of 2018. Dash (DASH) has shown signs of improvement in recent weeks as its marketcap have seen a rise in value.
The 15th ranked crypto is currently valued at around $590million as at the time of writing. Dash has been moving towards an upward trend in the past 2 weeks with the coin gaining 2.4% in value during this period.
Dash (DASH) Price Stability Is Key
The stability of the coin is one of the major strengths crypto analysts believe can propel the coin to a successful year in 2019. Dash has been putting up strategic partnerships in the past year as it seeks to gain adoption in the mainstream market.
The coin is one of the most popular cryptos used for transactions with over 8million (DASH) in circulating supply. It is also available for trade on most major exchanges such as Binance, Bittrex,Bitfinex and dozens of lesser-known exchanges.
Dash (DASH) has also moved to increase sensitization about its application and has active Reddit, Youtube and Facebook pages. This has partly contributed to the growing popularity of the coin as more investors are looking to maximize its opportunities.
The recent rebound in value has been a combination of trust in the coin as well as an expectation in the market over its new wave of partnerships.
Dash (DASH) Recent Partnership with Trust Wallet a Game Changer
Trust Wallet which is one of the biggest Binance wallet supporting over 15,000 er-20 tokens recently announced that it had agreed to Integrate Dash (DASH) into its wallet platform. This means that users of the wallet can easily add Dash to the list of crypto assets via the wallet menu.
Trust Wallet has grown into one of the biggest crypto wallet services since it was acquired by top exchanger Binance in June of 2018. This news further shows the reputation that Dash (DASH) has acquired in the crypto space due to its blockchain technology.
The recent increase in marketcap can be attributed to the market normalizing and Dash (DASH) coin looks well equipped to take advantage of this in the next few months.