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DASH Price Prediction: Zcash Collapses as Developers Quit – Are Traders Fleeing Straight Into DASH?

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Last week, greater than 25 members of the main growth group behind Zcash resigned, triggering a serious shift in focus throughout the privateness coin area.

As confidence in Zcash wavers, consideration has shortly turned to options with Dash rising as a prime contender.

This shift in sentiment has sparked a surge in buying and selling volumes, supporting a bullish Dash price prediction as extra buyers search for privacy-focused tasks with stability and momentum.

Josh Swihart, former CEO of the Electric Coin Company (ECC), said that the resignations stemmed from ongoing conflicts with Bootstrap, the non-profit tasked with overseeing the group’s work.

Swihart emphasised that there was a “clear misalignment” between the highest priorities for Bootstrap and ECC that prevented the group from with the ability to do their job.

The information triggered a steep decline within the value of ZEC. At the time of writing, its 7-day losses at the moment sit at 17%.

In distinction, DASH has booked a 74% acquire throughout this identical interval, as the market appears to have rotated towards this token and Monero (XMR) in response.

Zcash was one of many top-performing property final 12 months with an 827% acquire. If that very same shopping for curiosity rotates towards DASH, that would propel its value to ranges not seen in years over the following few weeks.

Dash Price Prediction: DASH Eyes $250 After Bullish Breakout

DASH’s buying and selling volumes have greater than doubled previously 24 hours alone, at the moment accounting for 130% of the asset’s circulating market cap at $1.2 billion.

xrp price chart
Source: TradingView

This signifies that purchasing strain has accelerated dramatically, inflicting a large brief squeeze that would hold unfolding over the following few days.

The each day chart reveals that DASH has been going up for 3 days in a row and has damaged a key resistance at $58 with robust volumes.

This units the stage for a possible breakout, with targets at $125 and $250, providing as much as 233% upside within the weeks forward.

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The publish DASH Price Prediction: Zcash Collapses as Developers Quit – Are Traders Fleeing Straight Into DASH? appeared first on Cryptonews.

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