Dash News: the crypto progresses and grows by 178%

The CEO of Dash Core Group, Ryan Taylor, has posted on Twitter the progress that the crypto has made in the last year, from the third quarter of 2018 to the third quarter of 2019.

So, the news is this: the number of transactions has grown by 178%.

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The Dash network continues to grow network activity rapidly. I'll present more details on the quarterly call the first week of November, but here is a preview. I decided to use median daily transaction counts because the mean is dramatically affected by "stress tests".

— Ryan Taylor (@RTaylor05) October 23, 2019

As can be read from the tweet, the Dash crypto has gone from just over 5000 transactions to the current 15 thousand transactions, recording a double-digit percentage increase in each quarter which, if added up, results in 178% in overall progress. 

This percentage should also be related to the wallets created and active which are currently over 56 thousand, a demonstration of how the progress of the crypto is evident.

It is also interesting to note the comparison made, both on the basis of four months (QoQ – Quarter over Quarter) and on the basis of years (YoY – Year over Year):

• For Bitcoin (BTC), there is a decrease of 9% on a QoQ basis, but an increase of 48% on an annual basis; 
• For Bitcoin Cash (BCH), there is a 1% decrease on a QoQ basis, but a 3-digit growth for the annual growth, reaching 112% in one year; 
• Litecoin (LTC) recorded positive values both for QoQ, which reached 6%, and on an annual basis, where it recorded a modest positive 9%.

As emphasised by the CEO of Dash himself, the price of the crypto has not followed the same positive trend: despite the fact that this progress should have led to an increase in the price of the asset thanks to these positive pieces of news and the greater adoption. During the period under consideration (November 2018 – November 2019), the price per unit has dropped by about 3 times the initial value, going from $170 to just over $60 at present.

Most recently, Dash’s blockchain managed to solve the problem of the 51% attack, while only last month Dash’s crypto was listed on the Coinbase Pro platform.