When it comes to fundamentals, Dash is definitely one of my favorite cryptocurrencies. It won't go in detail about the benefits of this privacy coin, but it surely offers some brilliant solutions. However, it would place too much confidence in Dash as a long-term investment. Judging from the current BTC dominance, the alts like Dash will have a hard time reaching their peak in terms of price.
I am convinced that Dash might be superior to Bitcoin in many ways, especially when it comes to the scalability and anonymity of transactions. But, though having some of the best fundamentals, Dash isn't doing all too great this year. To be more precise, it's value dropped by 13.26% since the beginning of the year while BTC is in the green by as much as 114,74%. I really like Dash because of its functional capabilities, and often use it to send crypto to friends or employees, but, unfortunately, it doesn't always correlate with its value on the market.
The only thing propping Dash up at the moment is it's one of the more recognized cryptos out there. It’s so far from its ATH that at this point it seems nearly unobtainable. Although certain coins reached such high prices, it’s important to remember if these projects hold any relevance anymore. DASH is a great example of a project that doesn’t seem to have any loyal followers and doesn’t seem like a project that is undergoing an accumulation phase. It’ll rise in price if the entire market turns bullish, but it won’t decouple from the rest of the market to surprise us with a sudden 10x.
I was telling all my friends to buy as much DASH as possible about 2 months ago. Lo and behold here we are a short time later and this coin has pumped! It was such a no brainer- a coin that was once over 1k and then sitting at $70. It was only a matter of time before it started to pump like crazy. It’s exciting times again in crypto, and DASH is going to have another amazing run on its way back to 1k and beyond.
Dash doesn't really have much going for it in terms of development from the developers. It looks great when looking at the charts, but it just doesn't have the necessary catalyst to push it in the right direction. It would be great to see a big update from the Dash team, but this seems far away. Will Dash ever recover to its previous highs? I remember when Dash was over $1000. It was an amazing time to witness, but it also goes to show how volatile crypto is in general. The fact that Dash needs more than a 10x to break even from its previous ATH is insane.
DASH isn't even accepted anywhere. People keep talking about Dash like it's competition to bitcoin or even litecoin, but it's just another coin that doesn't do anything or isn't accepted anywhere. I buy this coin for the epic pumps but I would never hold this long term.
I remember when DASH was trading over $1k. Everyone was claiming that it was going to be the next Bitcoin. Here we are at $80 and nothing fundamentally has changed. This market is still ripe with speculators but smart players are anticipating the next wave of investments that are eventually going to come sliding in. When we see a significant rally you can be sure that DASH will be one of the few leading the charge.
If you decide to replenish your Dash cryptocurrency account, you have many ways to do this - from buying through exchange services and cryptocurrency exchanges, and ending with mining. At the same time, every miner should not forget that Dash is a bitcoin fork, but the hash algorithm here uses a completely different one - x11. Dash cryptography can be performed using video cards, processors or asisc. The first two methods can be immediately forgotten, because the complexity of the crypto-production of this currency has significantly increased recently, and for mining it is best to use only asisc, whose ratio of power consumption to hashrate will be the highest.
Guys, have you noticed a positive trend in Dash? It is obviously because of the launch of a new service in Venezuela, which allows you to do transactions using SMS. The price has gone up 5%, at the same time, trading volumes have increased too. There is a good demand for this service as citizens of Venezuela living abroad send around $2 billion worth transactions home. Dash Text was created in collaboration with BlockCyphe. All you need to do is send an SMS with the word 'DASH' to a short number, another message must be sent to create a wallet. This is a quick and easy way to transfer funds and I believe it will create some buzz around Dash and might drive price further up.
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