Dash Coin Down 1/3 in Value - Does Dash Still Have Potential?
- Dash price at $448, down from $1,493 in December
- Despite pull-backs, Dash Coin is continuing to build out its payment ecosystem
- Dash developer Chuck Williams predicts that the Dash Coin price will reach $10,000 in the near future
In 2017, Dash Coin hit cryptocurrency headlines by announcing plans to help develop a digital currency solution to Zimbabwe's ongoing hyperinflation crisis.
Not satisfied with plans to just corner the Zimbabwe cryptocurrency market, Dash Coin was then successful in making inroads with users and payment merchants in Nigeria. As a result, the Dash price rocketed to $1,493 just prior to the new year. Dash has, however, pulled back significantly since then. The only question, in this case, is will the Dash price recover and if so, when?
Dash Coin is Arguably the Most Stable Cryptocurrency to Invest In
Despite having pulled back sharply to $448, Dash Coin is still (arguably) the most stable cryptocurrency to invest in over 2018. This is due to the fact that Dash traded for much of 2017 between $15 and $300. For all intents and purposes, Dash is still, therefore, up by over 2000% on early 2017 prices.
Much more importantly, Dash has held value far better than coins like Ethereum, which is currently up by only $300 on the $400 which ETH traded at momentarily in April 2017.
How & Why Dash Holds Value Better than Other forms of Digital Currency
Why Dash holds value better than other cryptocurrency offerings is simple.
- Unlike coins like Bitcoin and Litecoin, Dash doesn’t focus on marketing itself as a standalone payment processing system or store of wealth. Instead, Dash more often focuses on marketing its increasing adoption and real-world community outreach projects.
- Dash recently announced Dash funding of and partnership with the libertarian Free State Project and Porcupine Music Festival in New Hampshire
- Dash recently started funding the Truth in Media project, fronted by leading independent journalist Ben Swann
- The Dash decentralized autonomous organization (DAO) treasury system, currently allocates 10% of newly created Dash coins for use in funding different community reach out and key Dash development projects
Dash Transaction Speed & Vital Technical Statistics
At present, Dash coin is the only cryptocurrency to regularly earmark funds for spending on meaningful real-world community outreach projects. However, Dash doesn’t just regularly encourage adoption of its digital currency among disadvantaged groups.
Designed specifically for speed, security, and user anonymity, Dash Coin doesn’t suffer from scalability problems associated with coins like Bitcoin.
- Dash transactions settle instantly
- Only 18 million Dash Coins will ever be in circulation (7.4 million are in circulation today) and the last Dash Coins won’t be mined until 2300. (Bitcoin is expected to see all Bitcoins enter circulation by 2040-2140)
- Dash Coin can facilitate approximately 70,000 transactions per hour and average transaction costs are negligible
Dash as a Self-Funding Economic Ecosystem
Just like with digital currency like Bitcoin, Dash rewards miners for creating new Dash coins via a proof of work mining algorithm. What makes Dash different from Bitcoin, however, is the fact that Dash miners only receive 45% of the total reward for mining blocks and maintaining the Dash blockchain. The remaining 55% of any block reward, is instead used to fund Dash projects and future innovation.
Thanks to the 2-tier design of the Dash blockchain, Dash is the world’s first (and only) completely self-funding cryptocurrency. This means that Dash pays its own developers using Dash, as well as continually invests in the innovation of its own blockchain technology and payment ecosystem.
Could Dash Reach $10,000 by the End of 2018?
In 2017, Dash formed over 50 meaningful strategic partnerships with third-party businesses. At the same time, Dash started development of ‘Dash Evolution.’
Due to be released later in 2018, Dash Evolution will according to Dash, ‘make digital currency as easy to use as PayPal.’ What is more, it is the upcoming release of Dash Evolution, which Dash developer Chuck Williams believes will see the Dash Coin price reach as high as $10,000. All that investors need to keep in mind, is that Dash's own price forecasts are based on the assumption that Bitcoin will experience similar growth over the course of 2018, to that which saw the Bitcoin price reach almost $20,000 at the end of 2017.