This week has been another eventful week for Dash, despite lackluster price performance. Keep reading to get a summary of the week.
Dash Network News of the Week:
- Dash Wins Malta Blockchain Summit DAO Innovation Award: Dash NEXT has won the “DAO Building of the Year” award over Maker DAO and DAO Casino at the A.I. & Blockchain Summit in Malta for its innovations and ability to drive further cryptocurrency adoption. The award helps illustrate the success of the Dash DAO to select and fund organization that are able to promote and spread Dash awareness. After winning the award, multiple people approached the Dash Next team to discuss the possibility of integrating Dash.
- Dash’s Ryan Taylor Believes Instant Cryptocurrency Confirmations Can Solve Volatility: Taylor has said that he believes that instant cryptocurrency confirmations, such as those provided by Dash’s InstantSend and ChainLocks, can help solve the persistent issue of market volatility. Since Dash locks in two seconds, on average, it enables individuals to quickly enter and exit exchanges and provide any necessary liquidity. However, exchanges still need to need to recognize InstantSend and not require on-chain confirmations, but Dash has already been making progress with 20 exchanges currently supporting InstantSend.
- Dash Seasonality Data Shows Winter and Spring Among Best-Performing Seasons: New data from cryptocurrency asset manager and researcher Demelza Hays shows that Dash has clear market cycles in its trading patterns and price performance. Dash tends to perform the best in winter and spring months and worst in summer and falls months and more positively on weekends versus weekdays. Then the Dash volume spread throughout the months are also skewed towards winter and spring months versus the summer and fall, however, Dash tends to have a fairly even volume spread across days of the week.
Dash Integrations of the Week: