Dash, a member of the prestigious $1bn market cap club, a currency considered as a bit of a veteran in cryptocurrency circles, the gentlemen of the top 100 if you like. Quite the dashing metaphor don’t you think?
Okay so Dash, as with everything else, has taken a tumble in value through the start of 2018, exiting the first quarter at around $300.00. So, I’m not saying that right now is a prime time to invest in Dash, but what I am saying is that it’s certainly not time to write it off just yet.
This sentiment, as echoed by Bitcoinist is down to a few different things which I will now discuss.
Dash, (so called through a combination of the words ‘digital’ and ‘cash’) is also a word used to describe speed and urgency. Ironically, Dash was created to harbour incredibly quick processing potential, meaning it’s transactions are verified almost instantly, making Dash a perfect medium for cross-border transactions. Moreover, the speed of the transactions makes them cheap.
This, makes Dash a perfect contender in the race to become a mainstream currency meaning that it does have the potential to become far bigger than it currently is. This potential is something that bigger rivals such as Bitcoin don’t have. Due to their colossal size already, you could argue that they only have a certain amount of room through which to grow, Dash on the other hand is not limited by this, an advantage complimented by its speed.
According to Bitcoinist:
“Dash’s incredible processing pace compared well against Bitcoin and other rival cryptos and earned the project many fans from the outset. Indeed, by the end of the second day after its launch, 1.9 million coins – almost 10 percent of the total capacity (22 million) had already been mined. In addition to Bitcoin’s features, Dash offers instant transactions (InstantSend), as well as anonymous transactions (PrivateSend). Plus, the project is self-funding and self-governing – known as a decentralized autonomous organization (DAO) – making it unique as a crypto, and therefore appealing to investors.”
Having unique attributes is ever more important in a cryptocurrency world with hundreds of different coins and tokens available. By having unique selling points, Dash remains on everyone’s radars as one to watch, once people start investing again I expect this one to really shoot up. Remember, back in December Dash peaked at almost $1400.00, proving that the potential really is there.
Going back to today, Dash currently stands at number 12 according to coinmarketcap.com and is up almost 11%, we all know investments should be done with extensive prior research and of course should be carried out sensibly, however, in the meantime, keep this one on your radar because if the opportunity presents itself, you won’t want to miss out.