Dash recently entered the ‘Trading on Evolve Markets’ club yesterday, making its place among other cryptocurrencies including Bitcoin (BTC), Ethereum (ETH), Bitcoin Cash (BCH), ZCash (ZEC), XRP, EOS, Monero (XMR), and Litecoin (LTC).
Dash made an announcement on Twitter about its arrival in the Evolve Markets, where both foreign exchange and cryptocurrencies can be traded. In addition to that, the Market also acts as a medium to trade various other commodities like gold, copper, oil and natural gas.
Evolve Markets’ official website listing shows Dash paired against USD. Leverage of up to 50:1 of the cryptocurrency accounts have been allowed to the traders. The platform used by Evolve Markets is ‘Metatrader 5’.
Metatrader 5 also has the provision of security of the crypto funds, with prevalent activities like maintenance of records of all the Bitcoin transactions, keeping the Bitcoin deposit in cold storage, encryption of data, the safety of the private key, and use of Google authenticator among others.
Though Dash is not on Coinbase, the biggest cryptocurrency trading platform, its expanding market capital bears witness to its popularity in the crypto world. Its market cap stands at $2 billion as of now. Dash is also experiencing an increase in trade volume, probably because of a hefty rise in its demand. The cryptocurrency is expected to arrive on other trading platforms to expand its network, resulting in increased trade volume, which will eventually lead to a decrease in the price volatility.
The official announcement of Dash read, “This smooths out Dash’s volatility since market makers are constantly assessing the underlying and future value of Dash.”
Things are looking optimistic for Dash as the number of transactions has also increased due to low transaction fees and speedy withdrawals. Dash believes in broadening the horizon of crypto utility and wants to diversify its use. It plans on benefitting as many economic sectors as possible, making cryptocurrency accessible even to the laymen or ‘average consumers’.
It has been noted, “The incentives built into Dash’s DAO have focused development on the original goal of cryptocurrency to be a peer-to-peer digital currency for the average consumer through consistently low transaction fees, fast confirmation times, security, and user-friendly interfaces.”
Positivity all around, Dash is currently trading at $261.42, with its overall market capitalization of $2 billion. Dash’s price jumped by 5.93% on the 24-hour charts at the trading volume of approximately $258 million.