Dash coin had a staggering growth during the last year.
Dash (DASH) is one of the crypto assets that has developed itself as a mainstay in the cryptocurrency market. The privacy coin has been in the space for many years now and has seen the ups and downs of the market.
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Dash recorded impressive growth in its average daily trading volume during 2020, with an increase in users and retail payments, as well. For investors, the price of the coin matters a lot—down the road.
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What’s Happening?
Dash (DASH) has much potential and that’s the reason it has obtained investor’s attention over the years. Dash primarily focuses on solving some of the bigger problems that reside in the cryptospace such as speed, transaction cost, scaling, and ease of use. This makes the coin to be part of the long-term crypto cycle.
This has been proven with the increase in Dash’s user base in the past few years. Recently, Dash updated its fourth-quarter and full-year 2020 results. The average trading volume of DASH soared from $9.8 million to $37.4 million, up by almost 282% year-over-year. While it jumped by 48% on quarterly basis.
Dash was able to record more than $916 million in payment volume, up by 80% from 2019. The commercial payments jumped over 37.3% to more than 22,000 transactions per day, which is higher than Bitcoin and Bitcoin Cash.
Dash is being used as a payment method across thousands of stores and over 4,350 merchants are using DASH worldwide. This shows the growing mainstream adoption of the privacy coin in the international market. Back in Jan. 2021, Dash outperformed the leading crypto, Bitcoin in terms of the highest brick-and-mortar retailers accepting digital payments in the US.
The increase in merchant adoption during January was mainly pushed following the collaboration with CrayPay, a US loyalty program. CrayPay will help Dash users to spend at major retailers including CVS, Gap, American Eagle, Domino’s Door Dash, among others.
Moreover, Dash is working to launch its wallet that will make it easier for Dash users to store their digital coins and use them whenever they want. Dash wallet will allow users to manage cryptocurrency payments in an enhanced easy-to-use user experience and with social factors like username, contacts, and personalization.
Conclusion
Dash (DASH) is a well-positioned cryptocurrency and would go beyond $300 in the big bull run. The market has shown signs of a stronger rally in the coming time. Dash’s growing user base is a strong indication that investors might take a serious interest in the crypto, holding it for the long-term.
