The DASH coin hasn’t been breaking any news headlines since the second week of December when it reached its record high.
Since then, the cryptocurrency market has struggled immensely due to a number of factors. Many countries around the world have threatened to ban exchanges/mining; several cryptocurrency exchanges had to be temporarily shut down after reaching max capacity, which resulted in the exchanges blocking new investors from entering; there was the CoinMarketCap debacle; and finally, the Chinese New Year effect. At one point, the entire market cap lost over $200 billion as new investor/buyer sell-off was at an all-time high.
In the last 48 hours, however, the market has corrected and has begun to climb out from its hole.
Dash was hit hard with buyer sell-off and ended up dipping over 50% in price in a month’s time after previously reaching its record high in December. It has since rebounded and its team has just announced big ventures for the project. Breaking today its team announced that it had made three new business partnerships with Strike Social, GoCoin, and Piiko. These partnerships will allow DASH coin holders the opportunity to pay for goods and services with DASH at these particular companies.
Dash’s GoCoin partnership allows people to use DASH to pay for services and products on Cheapair.com, RE/MAX.com, Lionsgate.com, and Movietickets.com. As DASH becomes easier to use in day-to-day life, the higher the coin value will go.
Margot Ritcher, Go Coin’s CEO said:
“We are working with Dash because we have a high degree of confidence in the Dash team and are fans of the mining reward formula to support not just the miners, but also the healthy ecosystem of service providers. We look at Dash as one of the best and upcoming transactional coins.”
DASH’s operations run out of Scottsdale Arizona and currently have 30 full-time employees and 20 part-time employees, as well as various volunteers. The biggest announcement coming out of the DASH office is that it has partnered with Arizona State University to start a $300,000 initiative with its students to accelerate research, development, and education in the blockchain field. This ASU agreement also entails the creation of the Dash Scholars Program, which will give out $100,000 USD in scholarships for undergraduate and graduate research fellowships. An additional $100,000 will be allocated to create an online graduate course for blockchain that will be offered at Arizona State University this fall.
The fact that the team at DASH is giving back to the community by incentivizing learning and creation within the blockchain space is huge. What is also exciting is the fact that they are a part of an online course teaching students about blockchain, which makes them the first cryptocurrency directly linked with a university. As the market begins to rebound and investors catch wind of these new advancements with the DASH team, I anticipate that this coin will climb back up to figures like those reached in mid-December.
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