Dash coin which was initially known as Xcoin or Darkcoin has gained popularity over the past few years. Dash coin was initially launched on the 18th of January 2014, and it has come a long way since then. The cryptocurrency was ranked as the top ten most famous cryptocurrencies in the world, and it reached the $1 billion market cap during early 2017.
As of April 2018, the market cap has already crossed the $4.3 billion market cap, and earlier this months it was ranked as one of the most traded cryptocurrencies in the top 10 list. The all-time high as of at the time of writing this article is $1200 per Dash coin, where, it currently trades somewhere between $179 and $182 depending on the exchange you are trading on.
Dash (DASH) Price Today – DASH / USD
The technology behind DASH
DASH coin caught a lot of people’s attention and for a good reason. Cryptocurrencies are super volatile and to some extent complicated too. In order to understand the future forecast of DASH, we will first have to understand how it works and is it worth any investments. The popular cryptocurrency is a little different when compared to Ethereum and Stratis. Etherum and Stratis are both more of a development platform where not only developers but also the people who aren’t so tech-savvy can benefit from the blockchain technology.
Talking about DASH, it is a cryptocurrency with the prime goal of allowing it to be used as decentralized electronic cash. Its ultimate goal is to make DASH as liquid as real cash like USD or GBP so that people can use it in their daily life with ease and convenience. Basically, it is built on the Bitcoin’s base/platform but has more features added to it. DASH is an open source project with its own respective blockchain.
One thing which attracts many investors is the transaction fee which is very less compared to Bitcoin. Another eye-catching feature (optional) is the “Private send” feature which allows even more privacy in transactions. The way it works is by mixing one transaction with other transactions using “CoinJoin.”
Then there is the instant send feature which allows users to send DASH within 1.5 seconds. Users can also privilege themselves by holding 1000 DASH coins which give them the Masternode privileges (more reward, etc.).
DASH Price Predictions
The future of DASH coin looks bright; gradually businesses are starting to accept DASH in exchange for products and services. This means that you can use the cryptocurrency as a mode of payment just like you use your Debit/Credit card. As of now, over 3,000 businesses accept DASH where a majority of these businesses are food/drink outlets; others are service providers.
Cryptocurrency experts predict that DASH will touch the $1000 mark by year-end or early 2019. The reason they believe that DASH will be very bullish in the upcoming years is because of the limited supply of 18,900,000 coins. The predictions state that demand will increase mainly because people like privacy and time-saving technology. Where the “private send” and “instant send” offer just that. Moreover, the advantages which DASH has over Bitcoin can’t be ignored because it is cheaper; more businesses are ready to accept it.
Apart from the active community behind DASH and the wide acceptance it is receiving, there’s also a voting system used by DASH which allows any user to submit a proposal. After which all the users with the Masternode privilege vote with or against it.
Conclusively it is crucial to bear in mind that cryptocurrency is still decentralized and so nothing can ever be assured, a lot of assumptions go behind these predictions, but often these predictions helps investors make a lot of money through their investments.