Summary:

  • Three reasons why Dash could join Coinbase as soon as this year
  • Dash (DASH on xStation5) hovers around its key technical support
  • UK Treasury launches investigation into cryptocurrencies and blockchain technology

Everybody being immersed in cryptocurrencies well knows that Coinbase is placed among the largest exchanges in the world. Thus, each new digital currency which joins the exchange could benefit in the eye’s of traders and its users. Dash is among cryptocurrencies having a chance to join Coinbase yet this year. We can single out three major reasons why it could happen. First of all, over the course of the past weeks there were some top tech companies which chose to cooperate with Dash, HashChain is among them. The main aim is to diversify blockchain mining. The second one or basically three of them are speed, privacy and security – all of these features may make Dash the best pick for Coinbase to add it to its updated offer. Last but not least, Dash has been able recently to make a comeback erasing its prior heavy losses which could act positively for the decision making process conducted by Coinbase.

link do file download linkDash seems to be moving around its critical support zone, hence an uptrend resumption could be on the cards. If so, buyers could count on a rise at least toward $815 where the closest resistance might be localized. On the other hand, a breakout below $573 may lead to a test of this year’s low. Source: xStation5

Looking around cryptocurrency reports and rumours it’s worth taking a closer look at the yesterday’s communique coming from the UK Treasury which announced that it would conduct an inquiry into issues around cryptocurrencies and blockchain technology. The investigation has several goals including examining the role of digital currencies in the Great Britain or potential pros and cons for consumers as well as for the whole business community and the government. In an official announcement Nicky Morgan, member of parliament, wrote “we will also examine the potential benefits of cryptocurrencies and the technology underpinning them, how they can create innovative opportunities, and to what extent they could disrupt the economy and replace traditional means of payment”. According the him there is proper time to carry out such an inquiry into the new technology which on the one hand could bring potential gains but on the other one may creates some substantial risks.

link do file download linkRipple (RIPPLE on xStation5) also hovers around at a decent place which could warrant a nice rebound toward $1.20. Notice that the price has been moving within quite a narrow consolidation, so in order to stay there the price needs to jump from the current levels. Source: xStation5