What is DASH?
Evan Duffield developed DASH coin and initially launched it on the 18th of January 2014. During its early stages, DASH coin was known as XCoin or XCO; however, it changed its name to DarkCoin a month after the launch. Finally, on the 25th of March 2015, it rebranded the world’s top cryptocurrency to DASH.
DASH is short for “Digital Cash,” and that is what the firm is trying to achieve. In fact, the prime goal of DASH is to make it work like real physical cash (much like USD or GBP). The upside of using DASH instead of physical cash is that your money isn’t held in any central bank or commercial bank. Instead, you are in full control of your funds.
Moreover, you have excellent privacy, so none of your transactional data is sent or viewed by anyone else. In fact, your transactions are virtually impossible to track by any curious third party. Another significant benefit of using DASH is that the transactions occur almost instantly. The funds change hands immediately just like physical cash.
DASH is a hundred percent Fungible which makes it the first real digital cash. In short, DASH is not only secure and instantaneous but also super private. Talking about the transaction fees its almost zero. And anyone around the globe can start using DASH right away. All you have to do is download the DASH wallet from its respective website.
You can then buy and sell products and services, send funds to charities or send funds to your family and friends.
DASH Price Analysis
2018 has been a very rough year for the world of cryptocurrencies. During December of 2017 when Bitcoin and a majority of other cryptocurrencies including DASH were at their all-time high hundreds of thousands of investors invested their money into various coins. The investors invested in the hopes of gaining returns much like the 2017 crypto madness.
However, little did they know that December of 2017 was the peak of the crypto-market and that the market was about to face a horrifying downfall. DASH coin was at its all-time high which was roughly $1,200. Ever since the price of the world’s 13th top cryptocurrency has been falling sharply. Currently, DASH is valued at somewhere in between $155 and $158 which is over 90% less than its all-time high.
Dash (DASH) Price Today – DASH / USD
Experts still are positive about DASH and seem to think that it will surpass the $250 mark by year-end. Although much is dependant on the price of Bitcoin because of the interdependent nature of the crypto market. We can still expect anything due to the high volatility in the world of cryptocurrencies.
As reported by Theoofy earlier DASH coin is a pretty good investment, especially in the long-term. As a matter of fact, since birth DASH has been on the upper side of the price chart and has been one of the most valuable cryptocurrencies. During the March of 2017, the value of DASH rose sharply making it the world’s third most valuable cryptocurrency at that time. It was on the top 3 list for a short period of time though.