QASH has seen a relatively muted price drop over the past 24 hours of trading, totaling 1.10%, as the rest of the cryptocurrency market plummets. QASH is currently trading on exchanges at a price of $0.2168, after seeing a 2.44% price hike over the past 7 trading days.
QASH is the native currency that is used on the Liquid+ platform to pay for prime brokerage services and trading fees. The Liquid+ platform was founded by Mike Kayamori and Mario Gamez Lozada as they intended to come up with a solution for the liquidity problem seen within the cryptocurrency market.
While each individual cryptocurrency exchange has their own level of liquidity, there is no solution to borrow liquidity from each other when the market has a demand for it. The Liquid+ platform is designed to fix the liquidity problem as the platform aggregates all exchanges in the world to one single trading platform.
In this way, all the individual exchanges can borrow liquidity from one another, when needed, through the Liquid+ platform.
QASH is currently an Ethereum-based ERC-20 token but they have plans to migrate to their own blockchain in 2019. This will allow financial institutions to build dapps on top a new blockchain that is natively Know Your Customer (KYC) and Anti Money Laundering (AML)-compliant.
For a more in-depth overview of QASH ,we recommend you read our “What is QASH” guide.
QASH is currently ranked 77th in terms of overall market cap across the entire industry. It has a total market cap value of $75 million after the 9-month old coin suffered a 56% price drop over the last 90 trading days.
Let us continue to analyze price action for QASH over the long term.QASH Price Analysis QASH/USD – LONG TERM – DAILY CHART
Analyzing price action over the long-term perspective above, we can see that price action had experienced a bullish run towards the end of the year of 2017. The market started at a low of $0.51 on December 11, ...