At a time when all major crypto coins are sending butterflies along the spines of investors due to the recent decline in prices, DASH coin has overcome the downward trend. The Dash cryptocurrency has now resumed its previous bullish hike.
Comparison to other Crypto Giants
Long term trades are usually the most rewarding for cryptocurrencies especially the likes of Bitcoin and Ethereum which has been rising over the years without any major decline in prices. However, in the last one-month cryptocurrencies have eroded almost all the gains they had made.
If you look at one of the most traded coin, Bitcoin, its worth has declined from around $20,000 USD per token to sell bellow $10,000 USD and it is still not very certain whether it is going to regain any time soon.
There has always been a fear that successful cryptocurrencies like Bitcoin had succeeded to fast that and investors are living in the fear of a probable collapse of the digital coins.
From 9th November 2017 to 9th January 2018, the price of DASH had overtaken that of Ethereum, the second largest traded crypto coin in the world. Considering that DASH coin is much fresher compared to Ethereum, it has great potential in DASH and it is the place investors should focus their eyes on.
Why is DASH outstanding?
DASH has some of the most unique features for any cryptocurrency in the world. Below are the main features which make it outstanding:
- Instant payments
It has a special feature called InstantSend, which is for transaction periods of less than 1 sec. This makes the system fast and thus able to handle enormous transactions simultaneously without the fear of congestion.
- Low transaction fees
The average transaction cost with DASH coin is $0.1, which is much lower than most major cryptocurrencies.
- Two-tier network structure
DASH uses a special kind of a network, which uses two types of nodes; the nodes and the full nodes also referred to as masternodes.
The nodes are used by miners in verifying and generating new coins while the Masternodes or full nodes is where the blockchain and cryptography are stored.
This eases the network, especially for mining, since the nodes used for mining are left to purely do mining without handling any other business.
It is the only cryptocurrency that doesn’t use community funding, but rather funds itself through mining.
After mining, 10% of the mining reward is retained for maintenance of DASH coin while the rest is equally shared between the miners and the operators of the masternode operators. This ensures that DASH obtains the necessary funding to develop and maintain the ecosystem.
- Untraceable transactions
DASH has another special feature known as PrivateSend that makes sure that all the transactions of DASH users remain private.
DASH Price forecast
Currently the market capitalization of DASH is $4,944,182,203 USD placing at number 11 in terms of market capitalization. Its 24-hour trading volume is currently about $82,000,000 with a circulating supply of 7,883,032 DASH out of a max of 18,900,000 DASH.
Considering that the mining process is the one that funds DASH, in the coming years, the DASH will be the top cryptocurrency.
After about a 72% decline in prices over the last month, the DASH now seems to be stable and making some gains. In the last 7 days (one week), the coin has made a 57% appreciation, and this is expected to continue in the remaining Q1of 2018 especially after the release of the DashPay Evolution Wallet Livenet in February 2018.
2018 will see other major releases and developments all along. The most anticipated releases are the 13.0 – Evolution v1 – Mainnet release in June 2018, which will be followed by continuous upgrading to 14.0 – Evolution v2 (TBD), 15.0 – Evolution v3 (TBD) and 16+ – TBD.
All these releases are set to improve the DASH network and ease its usability, so as to attract more partners and users. If you are looking for a cryptocurrency to invest in, in 2018, DASH coin is the cryptocurrency to go for.