DASH is one of the top 25 cryptos of the global market and has a great security with multiple layers, which otherwise is not there in Proof of Work blockchains such as Bitcoin. In this regard, Dash is considered to be better money in the future, and with this, many platforms have started using Dash as a method of payment.
In a recent update about using the cryptos as a method of payment, Dingo—a Venezuela based delivery company that is into delivering food to homes by the hand of its business partners. Dingo delivers to a total of 400 places, and the only crypto that is accepted here is Dash.
Delivery Services Using Dash as a Method of Payment
A couple of Venezuelan delivery services, Piido and Dingo, accept Dash as payment for a wide variety of items.
Article link: https://t.co/g7wYLT6nEp
— Dash Nation (@go_dashnation) August 18, 2020
DASH Price Analysis
Dash’s 3-week price movement against the US Dollar has been quite volatile, and with a downtrend at the onset of the week, the price trend of DASH/USD is already hitting the lower 20-day Bollinger Band. On the above 2-hourly chart, DASH lacks support from daily MAs after having slid below $100 and $90 in the previous week. In the past three weeks, Dash has hit a high at $108 and has eventually pulled back by approximately 18.5% to trade at $88 currently.
The MACD is drawing a bearish crossover due to intraday corrections, and therefore, the RSI is inclined towards the major support area at 38.42.
Taking a broader view of the DASH/USD price movement on a 24-hour chart, we see that the coin was exhibiting a flattish momentum until the last week of the previous month. After reclaiming a 5-month high at $108 against the greenback, it lost all the support from the daily Moving Averages. The other two technicals also confirm the bearish crossover due to no steady traction.