Over the last two day DASH has been trading in a bullish zone. On May 13, the asset ranked 13th was trading at the $136 resistance level. By the time of writing, DASH was trading at $146.88. This bullish run might continue upwards if the retracement levels are not broken in the continuation zone.
Based on the recent price movement, DASH is keeping up with the market’s bull run spearheaded by Bitcoin. For example, between Saturday and Sunday DASH increased by a value of about 10% while other digital currencies in its category failed to hit 2% growth.
However, on May 14, DASH suffered a minor tumble but recovered well. By Wednesday, DASH had surpassed another resistance level of $140. The current value of DASH is beyond the entire market expectations.
In the event DASH breaks another resistance level, the crypto should be heading towards the $160 trading mark by the weekend.
Note that DASH is among the leading cryptocurrencies in Venezuela. The current bull run is based on the fact that Venezuela has not witnessed any major political set back in recent times. The atmosphere has been calm for some weeks.
If we have a major negative political happening in the South American country, then we should expect the value of DASH to tumble. DASH spiked in popularity after it was adopted to salvage the economic situation in Venezuela. Additionally, the bull run can also be attributed to Bitcoin’s ongoing good fortunes.
If the Venezuela situation remains calm, alongside other development at the DASH network, we should see major growth of the asset with a possibility of hitting over $200 by the end of 2019. With a market capitalization of over $1 billion, DASH is also gearing up to be in the top 10 cryptocurrencies.
Dash Upgrades Network After Suspected Vulnerabilities
Based on the announcement, Dash was hit with either an external stress test or attack during the week. Issues were later discovered including mempools not being emptied, a 1MB cap on blocks, masternode crashes. Others like masternodes banning other masternodes and delayed listings of transactions on some blocks.
“After contacting all likely community members who could have executed this and we discovered that none of them were involved. It appears that the artificial load on the Dash network was either a stress test by someone or was an attempted attack,” the announcement noted. The Dash network team ‘strongly recommended’ the masternodes to upgrade to the new version.
The post further said “the upgrade is strongly recommended for all Masternodes. It’s also recommended for all users, exchanges, partners and full node operators.”
New version to address issues
Dash Core version 0.14.0.3 is reportedly designed to address some of these issues. It also includes changes such as improvements to database space use and various signing failures.
In the new update, the developers addressed the issues by improving ‘database space usage.’ It also solved ‘DKG and LLMQ signing failures’ fixes and ‘signed binaries for Windows’ along with some other features.
News on Dash
In 2018, a United States-based fast-food chain restaurant called Church’s Chicken began to accept payments in DASH. This was at its South American branches in Venezuela. There are 10 Church’s Chicken restaurants in Venezuela, and all of them decided to accept DASH. The restaurant reportedly claimed that it was the first global fast-food restaurant to take crypto payments.
Dash is one of the eight cryptocurrencies that Coinbase is considering to list on its crypto exchange for trading.
With the spike in crypto prices, attacks on blockchain and even crypto-jacking have increased substantially. Yesterday, there were reports that a newly found crypto-jacking malware is mining Monero on victims’ computers.
Dash upgrades network amid fears of a possible attack, DASH/USD on course for six straight bearish days
- According to the developers, the network was either hit with an external stress test or an attack.
- This possible attack spiked the size of mempool from 17 MB to 46 MB and took hours to clear.
- Technical analysis shows that DASH/USD is currently undervalued.
Dash developers have released an upgrade called Dash Core v0.14.0.3, amid security concerns. The upgrade was released amid security concerns over a sudden spike in transactions on Dash’s mainnet. Dash’s official blog stated:
“Last week there was an abnormally high network load on the Dash network consisting of around a million 1 input 1 output transactions with a fee just higher than 1 duff per byte.”
According to the developers, the network was either hit with an external stress test or an attack.
“After contacting all likely community members who could have executed this and finding that none of them were involved, it appears that the artificial load on the Dash network was either a stress test by someone outside of the Dash developer community or was an attempted attack.”
As per Dash, this possible attack spiked the size of mempool from 17 MB to 46 MB and took hours to clear. The developers addressed the issues by improving ‘database space usage,’ and including ‘DKG and LLMQ signing failures’ fixes and ‘signed binaries for Windows,’ along with some other features. The Dash masternodes have been strongly adviced to upgrade to this new version.
DASH/USD daily chart
DASH/USD went down from $93.55 to $92.53 this Saturday, following six bearish days in a row. The price fell below the 20-day Bollinger band this Wednesday. Since then, DASH/USD has been hugging along the outside of the lower curve. The 20-day Bollinger jaw has widened, which indicates increasing market volatility. The 200-day simple moving average (SMA 200) is about to crossover the SMA 50, which will chart the highly bearish death cross pattern.
Dash releases upgrade to its network due to security concerns
- The Dash development team released a new upgrade to its mainnet following concerns around security.
- Announcing Dash Core v0.14.0.3, it is going to enhance the security of the wallet and P2P client for the cryptocurrency.
The development team behind the cryptocurrency, Dash, has released an upgrade to their network following security concerns over spikes in transactions on its mainnet.
They have announced Dash Core v0.14.0.3, which will see an upgrade the security of the wallet and P2P client for the cryptocurrency.
As per their blog post, they noted:
Last week there was an abnormally high network load on the Dash network consisting of around a million 1 input 1 output transactions with a fee just higher than 1 duff per byte.