The week kick started with bitcoin failing to break it’s all time high at $41,500 after several attempts, Bitcoin have been seen to have taken a very dip dive into the bearish zone with approximately more than $6000 loss in its price as of the time of writing this article. Many speculates that this bearish movement of bitcoin was because bitcoin Miners have started selling off their BTC, According to CryptoQuant CEO, Ki Young Ju, ” the Miner’s Position Index (MPI) that calculates the ratio of BTC leaving all miner wallets to its 1-year moving average has reached levels where miners are selling”.
Others believe that Bitcoin is giving room for altcoins to catch up with its pace.
Nevertheless, the altcoins (refers to all cryptocurrencies other than Bitcoin. As of early 2020, there were more than 5,000 cryptocurrencies by some estimates) have so far witnessed an enormous growth,with some gaining as much as 262%.
Dash was not left out in this bullish run as a matter of fact Dash was listed as the highest gainer with more than 105% increase in its initial price as of the time of writing this article.
An old-school Dash logo for the history buffs.
Dash Started the week as the highest gainer in the past 24hours. DASH surged by over 100% from $95 to as high as $194, only to pull back to the $140 level, that almost x2 of its initial price.
Dash has actually taken the bullish flag, this progress was seen just few days after the lunch of the dash platform, The coming weeks will surely show case Dash as the next generation crypto to the whole world.