DASH to USD: chart and price


Interesting facts

DASH – peer-to-peer electronic cryptocurrency payment system, operating on the principle of instant and confidential transactions. In 2014, Xcoin was created, which was later renamed Darkcoin. DASH Developer – Evan Duffield

The founder used the Bitcoin blockchain to launch his digital currency. He increased the speed of transactions and added privacy settings, which allowed to send almost completely anonymous transfers.

Transactions are carried out instantly, unlike Bitcoin. A curious fact is that the DASH team considers Bitcoin as its main competitor. Both digital payment systems perform similar functions, operating within the framework of electronic currency.

Unlike most tokens, this system positions itself solely as a cryptocurrency. The primary purpose of this coin is to advance to a stable currency, like the dollar or GDP.

The token is valid within the internet space and will not have a material form. Since this cryptocurrency does not have centralized control, emission occurs during mining.

Standard algorithms of Proof of Work allow transferring 100% of rewards for a block to the miner’s account. In Dash, everything is different: 45% of rewards are received by miners, $45 to master nodes, and 10% are awarded to Dash. The amount received goes to the development of marketing strategies, the creation of new functions/servers, research, new coding algorithms.

A function that provides a list of privileges to those who have a higher percentage of capital is developed. Anyone who owns more than 1000 cryptocurrencies can turn on master nodes that activate PrivatesSend and InstantSend.

InstantSend makes payment within 1.5 seconds. PrivateSend mixes a transaction with multiple debts, thus making it difficult to track and collect the entire transaction process.

What influences the price

Although officially, DASH is not tied to any cryptocurrency or means of payment, the quotation chart demonstrates that the coin repeats the Bitcoin bubble.

The competition started with a price of $11 and ended at around $1200, which is an increase of 109 times. In general, other altcoins showed the same indicators.

But another fact is remarkable; in this case, the coin continued to demonstrate high volatility during the period of stagnation. Its cost ranged from 60-150 dollars. For traders, this meant a record of 800-120% per month.

To predict the movement of DASH, it is enough to understand how the rules which Bitcoin follows. But you also need to take into account the demand and technology innovations offered by developers.

The first factor determines the preservation of asset volatility. Depending on the information background, investors invest money either in Zcash or in Monero.

The number of active users is not growing as fast as the developers of blockchain networks would like, so money is being moved from one asset to another.

To attract the attention of investors again, the creators of DASH have to work to improve the system and offer unique opportunities continually.

For trading, this is good because it creates a tangible wave of exchange rate fluctuations, which means that there is an opportunity for speculation. News from the developers themselves do not have a strong influence, so you need to track them in tandem with world events.

For example, the release of a new anonymous wallet under DASH will attract investors only if the data that the G20 member is going to impose restrictions on cryptocurrency is published. There should also be informed that the competitor’s software is worse than DASH’s.

This is just one example, but it demonstrates how well a trader needs to feel the situation to make profitable deals. The coin is complicated, but therein lies its promise.