Dash is a blockchain and cryptography that focuses on offering a decentralized payment network. Note that Dash allows faster and cheaper payments worldwide.
It was launched with the goal of being the scalable and most user-friendly payment focused on crypto. Therefore, it relies on a network of master nodes (a subset of its users) to achieve its goal. In addition, there is an upper limit on the number of DASH tokens to be issued, i.e.
no more than 18,921,005 DASH coins can be issued.
Below are the two main Dash Coin use cases:
- The coin can be used as a medium for everyday transactions, which are cheaper and instantaneous, by individual users.
- Dash coin can be used by financial institutions and services to send international remittances.
While Dash is an Altcoin that was developed to be superior and faster than Bitcoin, both have seen a drop in prices this year. Dash coin is certainly giving tough competition to its competitor for a year. As we can see that its price is rising, unlike its competitor. In addition, Dash offers more privacy features to improve network security.
What features distinguish the Dash coin?
- The Dash network has master nodes and miners to manage its mining system, where master nodes handle InstantSend, PrivateSend, and governance measures.
- Dash has a feature called InstantSend that allows secure and fast transactions, that is, in a matter of seconds.
- It has a feature called PrivateSend to ensure that all transactions are 100% private.
Note that Dash’s instant transaction feature also prevents the user from making two different payments with the same funds.
What makes Dash Coin different from Bitcoin?
-
Dash is
- different from Bitcoin in its algorithm to mine the coin, i.e. Dash uses the X11 algorithm (which is a modification of the PoS algorithm), unlike Bitcoin’s Proof of Work algorithm.
- Both coins have different mechanisms to handle the transaction. Bitcoin transactions need validation by all nodes within the network and, therefore, decreases the speed of transactions (unlike Dash coin which is handled by master nodes).
- Dash also has a self-financing model unlike Bitcoin, where it divides the rewards among its stakeholders (i.e. miners, treasury, and master nodes).
After analyzing price movements, competitors and other factors, we can safely say that the Dash coin is a good investment if you are planning a medium to long term.
Is Dash Coin better than its competitors?
The only direct competitor of Dash coin is Bitcoin (BTC), i.e. DASH was launched as an improvement over BTC because the former offers faster transactions and greater privacy.
Let’s analyze the crucial differences between Bitcoin and Das coin to conclude whether DASH is better than its competitor or not:
| Dash Coin | (Bitcoin) | |
| Transaction speed | 4 seconds per transaction | 20 minutes per transaction |
| Transaction fee | From $0.2 to $0.3 | Bitcoin’s transaction fees are relatively higher than DASH and depend on various factors such as block size. |
| Privacy Features | It has a feature called PrivateSend that improves the privacy and security of the network. | It is relatively less private than Dash coin. |
| governance | DASH is governed by a formal voting system. | BTC is governed by peer reviews. |
Speaking of the performance of both coins, DASH is actually outperforming BTC since the last year. Despite the current not so good macroeconomic and liquidity factors, DASH has managed to grow upwards in the last 3 months, unlike Bitcoin.
In addition, DASH offers better privacy, faster transaction speed, and fewer fees than its competitor. The governance system of Dash coin is even better than Bitcoin. Therefore, the Dash coin is definitely better than Bitcoin.
Dash Price Prediction 2023-2030 (Aggregate)
Although price forecasts are never accurate to the hundredth percent, proper research and analysis can predict a lot about price movement. Here, let’s try to predict the price movement of DASH.
The Crypto Dash Price 2023 prediction is $95.9
Dash Crypto Price Prediction 2024 is $128
The Crypto Dash Price Prediction 2025 is $180
Dash Crypto 2026 price prediction is $240
Dash Crypto Price Prediction 2027 is $294
Prediction Dash Crypto Price 2028 is $403
Prediction Dash Crypto Price 2029 is $573
Dash Crypto Price Prediction 2030 is $818
Dash Price Prediction Today
| General outlook | neutral |
| 1. The wisdom of the market | negative |
| 1a. Market data | Partially negative |
| 1b. Technical recommendation | sell |
| 2. The wisdom of the crowd | positive |
| 2a. Buzz on social media | superior |
| 2b. Social Media Sentiment | superior |
