Dash Soars, Falls Following Bitcoin Fork
Dash, the cryptocurrency token with the sixth largest market cap, soared past $500 this past weekend with news of the Bitcoin hard fork due to the Segwit2x blockchain. Many believe that news of this fork prompted investors to consider alternative cryptocurrency options.
Ultimately, this holds true to the notion that smart investors mitigate their risk by diversifying their assets.
According to CoinDesk, "the dash core team has announced the latest release of its software...the move may further strengthen the appeal of dash as a payment network, especially among those who believe that modifications to its blockchain will ultimately boost performance."
We'll see how Dash fares over the next 7 days as Ethereum prepares to roll out their updates as well.