30 May 2018 Jane Whitmoore
Crypto Spotlight: Dash Coin
Dash, one of the top 20 crypto coins, has achieved a constant growth in the last few years. 2017 was special for the coin’s history when it reached $1 billion market cap.
Dash managed to attract significant interest thanks to some of its core features and availability on many online exchanges.
The coin is aiming to deliver an easy experience and engage with users, who are currently not interested in cryptocurrencies. To achieve its goal, the Dash team is working on providing an easy “human” experience, which makes the crypto world look like a regular banking system. They aim to help people who don’t feel comfortable with the cryptographic addresses and would like to have a basic username and password.
As stated by Amanda Johnson, spokesperson for Dash Coin, they aim to be the first cryptocurrency that doesn’t feel and look like a cryptocurrency.
With regards to speed, Dash is one of the fastest cryptocurrency networks on the market with its InstaSend feature. Furthermore, the coin’s protocol includes a PrivateSend option, when total anonymity is ensured in the transactions.
Also, Dash prides itself in fast mining which happens within two days maximum.
Another important factor is transaction fees. When trading at $474.11, Dash could be treated as a low-price alternative to the large currencies which are generally overpriced. As Bitcoin’s price is decreasing at an alarming rate, most of the traders are choosing profitable alternatives like Dash. Also, Dash proposes cheaper transaction fees, which makes it a profitable option for investors.
Looking into the future, as the crypto world is moving its attention towards altcoins, coins like Dash have significant growth opportunities. With respect to investors competing for innovations, Dash ticks all the privilege boxes, making it one of the preferred investor choices.
Additionally, the direction of the coin has been very noteworthy this year. Recovering from a major decline, all coins are slowly moving up the green area.
According to the price charts, Dash marks a price increase of 2.14% from its previous position, which makes it a competitor of the dominating coins like BTC.
Regardless, this rising altcoin has made considerable progress from its bad trading days. Powered by fast mining speed, secure and cheap transactions, Dash is considered as one of the coins of the future by some cryptoanalysts.