Is Dash A Good Investment And Should I Invest In DASH?
Will Dash be a Millionaire Maker for Investors in the Future?
Are you thinking about the bearish outlook of the market which has led you to ponder if May is a good time to buy Dash? Or, maybe like thousands of novice traders and investors, you are unsure if Dash is a safe investment vehicle for the future.
If you are an unsophisticated investor who is new to Dash investing, you may be wondering if Dash is a good investment, or asking questions such as should I invest in DASH?
Well, yes, is the answer to those questions. Dash could be a good investment and investing in DASH could bring you enormous returns you never thought possible.
DASH has increased significantly since its opening price of $99.60 on 1st January 2021. Having returned 210.59% year-to-date, the digital asset does not show any signs of slowing down. Experts think DASH has room for growth and further opine that investing in DASH is one of the smartest financial decisions any investor can make with an eye on the long term. Therefore, the bearish outlook of the market in the 3rd week of May could be the perfect time to invest in Dash (DASH) since prices are relatively low.
One of the biggest reasons to invest in Dash is its integrations as options of payments on millions of online retail outlets. In crypto investing, one of the areas which drive assets substantially is a major announcement of crypto payments. DASH has been announced in several such partnerships.
Another reason why dash is a good investment is its usage as transactional currencies in South America, particularly Venezuela. If the South American peninsula responds well to the usage of cryptocurrency, activity on the digital currency is going to soar and reflect in the valuation of the digital asset.
In this article, we are going to take a look at Dash, its core areas of business, and the potential of the crypto trading asset in the market. The qualitative analysis provided will help you decide if you should consider investing in DASH.
If you want to invest in DASH easily and quickly with 0% Commission, you can just straight into eToro Exchange.
- What is Dash? A Simple Explanation
- Dash Investing: Getting Started
- Is DASH a Good Investment?
- Should I Invest in Dash?
- Should I Invest In Bitcoin Or DASH?
- How Much Could Dash Be Worth?
- Who Should Include DASH In Their Portfolio?
- So, is 2021 Too Late to Buy Dash?
- Is Investing In DASH Risky?
- Does Dash Have A Future?
- Conclusion: So, Is Dash A Good Investment?
So, What is Dash? A Simple Explanation
Created by Evan Duffield & Kyle Hagan and released on 18th January 2014, Dash is an open-source blockchain and cryptocurrency that allows its users with access to the internet to send and receive money in a decentralized manner. Dash offers a relatively cheaper global payment network.
Dash is the 48th largest crypto platform by market cap. Dash uses its token, DASH to power transactions on the Dash blockchain.
The name “Dash” is a portmanteau of digital cash. As a fork of Litecoin, Dash went by the name XCoin in January 2014. To broaden its appeal as a privacy coin, it rebranded itself as Darkcoin in February 2014. Its private nature helped facilitate several illegal activities on the internet. As a result, a name change ensued which saw Darkcoin become Dash in March 2015.
There are two primary purposes for the creation of Dash. The first purpose is to find answers to the high congestion on blockchains and the high fees associated with its transactions. With a feature called InstantSend due to relatively faster scaling times, transactions can be completed in a short time.
The other purpose is to provide privacy and maximum transaction protection. This feature came as a result of the public nature of the BTCs blockchain ledger which is open to anyone on the internet. With PrivateSend, users can complete transactions without a trace.
As a major altcoin, Dash has a maximum supply capped at 18,900,000 DASH. Currently, there are 10,137,625 DASH in circulation.
Dash Investing: Getting Started
To start investing in DASH you need to register online with an exchange or brokerage that will allow you to buy and invest in DASH. An exchange or broker is an online trading and investing platform that enables you to buy, sell and hold digital assets. As one of the oldest altcoins, Dash is listed on top cryptocurrency exchanges such as Binance, OKEx, FTX, CoinTiger, Huobi Global, and eToro Exchange.
As an e-learning platform, we would like to recommend eToro as a brokerage that can safely and securely hold your coins for the long term. eToro was founded in 2006 and has registered offices in the United Kingdom, the United States, Australia, Cyprus, and Israel. Having offices in countries with well-regulated bodies such as the UK and the US certifies the brokerage as a credible and authentic financial institution.
So, how do I get started in investing in Dash on eToro? Follow the steps below and you’d be on your way to making your first DASH purchase.
The first step is to SIGN UP for an account. Please, input your legal full name, residential & email address, and phone number.
The second step is to VERIFY YOUR ACCOUNT. You’d be made to provide documents to support the information you provided during the signing up process. A government-issued identification card that bears your details as well as your signature, internet bill, or bank statement will be requested. This is part of a process called Knowing Your Customer (KYC). The primary purpose of this is to control identity theft and as well credit and debit card frauds. With the controversies and scams surrounding crypto, going through this process is essential to keeping your account safe.
The third step is to DEPOSIT MONEY. Without fiat currency, you cannot buy your first DASH. As per the option of payment of your choice (Skrill, PayPal, Neteller, Rapid Transfer, Wire Transfer, iDEAL, Credit, and Debit Card), you can upload funds in USD, EUR or, GBP.
The fourth step is to NAVIGATE to DASH PAGE. On this page, you can buy several DASHs that fit your investment budget. Your transaction will be processed, completed and, added to your account.
Is DASH a Good Investment?
Yes, Dash is a good investment according to experts at Coin Price Forecast. They foresee Dash exchange hands for $412 by the end of June and soar to a high of $859 to close 2021.
What are the primary drivers behind such projection? What makes dash a good investment?
According to Jason Lau of San Francisco-based OKCoin, “Since the early days of crypto, the announcement of new companies accepting crypto payments, new exchange listings, and new major investments have been the biggest and most consistent drivers of price movement.”
Dash Has a New Partnership
One of the biggest drivers of DASH in the coming months is a new partnership with Cloudbet.
Cloudbet is one of the world’s leading cryptocurrency sportsbooks, esports and casino betting platforms. As a regulated and fully licensed company, it has customers in more than 100 countries.
It is a known fact that DASH settles transactions nearly instantly. DASHs transaction costs a fraction of one U.S. penny. This makes the cryptocurrency the ideal option of payment for use in a high-frequency and fast-paced environment of online betting. DASH is going to play a great part in mitigating the scalability issues associated with blockchain technology as well as the high fees associated with cryptocurrencies.
Speaking of the partnership, the Director of Cloudbet, Leandro Rossi pointed out that “Our philosophy is to give our community only the coins they want, and it holds true with Dash. We recently surveyed almost 10,000 global users about what coins to add, and Dash was highlighted. We’ve established a reputation as one of the world’s leading crypto betting operators by providing unparalleled security and speedy withdraws. Dash allows us to supercharge our performance in this regard and we’re proud to enter this partnership.”
Responding to the partnership, Business Development Lead at Dash, Omar Hamwi pointed out that “We are excited to work with Cloudbet, one of the most reputable names in the iGaming space. With Cloudbet’s many offerings, Dash payments make sense whether you are looking to place a last-minute bet or rapidly withdraw your winnings. You won’t find a more secure and rapid form of payment.”
With more promotions such as Dashback, Mystery Dash Drop, and Welcome Bonus, the over 100,000 satisfied customers of Cloudbet will bring more user activity to the cryptocurrency and impact its price. They are going to add up to the current 36,781 transaction count involving DASH worth $81.91 million in the last 24 hours.
This is the primary reason why analysts at Digital Coin Price forecast a price of $441.03 by the end of 2021.
Read More: Is DASH a Good Investment?
Should I Invest in Dash?
Dash is a cryptocurrency with great potential in the market. Experts at Wallet Investor opine DASH could trade for a coin at a maximum price of $436.567 in July and increase slightly to $573.322 by the end of 2021. What are the primary drivers behind such forecasts which can lead you to invest in DASH?
DASH Has a Strong Team behind Its Issuing Authority. There are cryptocurrencies which have one or at most two teams. Dash has four.
The Dash Core Group constitutes computer engineers and cryptographers who consistently make improvements to the network. Additionally, the group does not keep Dash fans in the dark. It updates fans through short and long-form blogs to alert investors as to new developments on the network and cryptocurrency. One of their primary achievements is employing a modified version of Proof of Stake called X11. This helps Dash scale relatively faster and with less congestion on the network process more transactions at a lesser cost.
Dash Investment Foundation is all about user activity and integrations. They look out for opportunities that could see DASH in the hands of millions of people and invest in it. One of their primed achievements is its partnership with CrayPay. CrayPay is a universal rewards platform that saves customers money at over 150,000 locations. With DASH integrated as an option of payment, the cryptocurrency reaches 75 retail websites and 155,000 merchants across America. With DASH, users can save more when compared to debit and credit cards.
Dash Next has been driving the adoption of DASH around the globe. Dash Roots is all about exposing developer talent to the Dash Core Group. Dash Roots provides funds to up and coming developers to bring their innovative minds to support the project. Since Dash is an open-source network, upgrades could be made to support possibilities such as smart contracts and other areas of decentralized finance.
With such a strong team that is exposing the digital asset to millions of people for usage, Coinpedia believes you should invest in DASH in 2021.
According to analyst Elena R., “In the long run, we at Coinpedia expect the DASH will outperform. We foresee the price of the Dash coin might hit a high of $830 by the end of 2021.”
Dash has also been forecasted to be a good investment by the same crypto news portal and could reach a new all-time high of $3,700 in the next five years.
Check Out: Pros and Cons of Investing in Dash
Should I Invest In Bitcoin Or DASH? / Will DASH Overtake Bitcoin?
You can spread your investments across the two cryptocurrencies. At the moment, the cryptocurrency market is down in the third week of May after China signaled crypto crackdowns on Wednesday, 19th May 2021. This has wiped $270 billion off the valuation of the crypto market.
Bitcoin has slipped below $40,000 for the first time in 14 weeks. At the time of writing, BTC was trading for a coin at $37,770.64. This new price is less than 40.82% of its all-time high price of $64,863.10 on 14th April 2021.
Dash like other altcoins has followed the crash of the parent crypto into heading south. At the time of writing, DASH was exchanging hands for $231.22. This new price is less than 83.74% of its all-time high price of $1,642.22 on 20th December 2017.
With a huge sell-off, all crypto tracking sites are currently red. This has seen thousands of crypto fans lose huge sums of money. This does not mean you cannot invest in DASH or Bitcoin.
DASH is currently trading at a relatively lower price. It has forged a new partnership with Cloudbet where it will be gaining access to more than 100,000 people. If there are more announcements about DASH crypto payments as well as major investments by institutional investors, then the digital cash could soar into the price milestones forecasted by analysts and experts. At DASHs current trading price, it would be extremely easy to see more than 100% returns by the end of the year.
Unlike DASH, BTC is also trading at a relatively lower price than its all-time high but it is still expensive. The crypto boom of 2021 has been a blessing as well as a curse. With almost every discussion on social media (Reddit, Twitter, and Facebook) centered on up-and-coming cryptocurrencies and projects, several authorities have started to take a stand. This is crashing the market to new lows. BTC has lost one of its major partners in Tesla after it decided to stop accepting digital gold as an option of payments for its vehicles.
Verdict on What to Buy (DASH or Bitcoin)
Long-term investors should consider buying DASH due to its potential in the market based on consistent partnerships. Buying BTC for the long term is not a bad idea but it’s not recommended.
Currently, with the crash of Bitcoin, it would take two to five strong institutional investors to push the crypto trading asset near its all-time high.
With $2,500 at your disposal, buying 10 DASH will cost you $2,312.20. At the same price, buying Bitcoin will get you a fraction of the cryptocurrency. What’s more, BTC will have to double to at least $75,000 in the future for it to return 100%. On the other hand, if DASH reaches the $1,000 price milestone, your 10 DASH multiplied by $1,000 will result in $10,000. In the process, DASH would return 332.489%. This makes DASH a better long-term investment for HODLers with low investment budgets.
You can take advantage of the current outlook of the market and make gains. Due to the volatile nature of the market, there are multiple percentage swings in price for both DASH and BTC. With independent fundamental research and technical analysis from financial trading websites, you can be in a position to make enormous returns from the price movements of the two assets in perspective.
At Trading Education, we would recommend diversifying your portfolio with DASH and BTC. Additionally, you can buy less volatile assets such as metals, commodities, and stocks to shield any losses you may incur from your crypto holdings.
How Much Could Dash Be Worth?
Several predictions have been made by experts with regards to the future price patterns of digital cash. While few are a bit conservative about the future of DASH, several others are extremely bullish on the price of the cryptocurrency in the future. Let us take a look at some of the forecasts by experts.
According to analysts at Trading Beasts Dash could have maximum prices of $348.647 (2021), $497.279 (2023), and $578.958 by the end of 2024.
According to experts at Coin Price Forecast, digital cash could have a trading price of $1,370 by the close of 2023 despite the bearish outlook of the year predicted by many analysts. The online portal which presents an independent and objective analysis of the cryptocurrency market estimates DASH to exchange hands for $1,781 by the year’s end of 2024, $2,432 (2026), $2,961 (2027), $3,488 (2028), and $4,092 by the end of 2029. DASH could command prices of $5,583 and $6,663 by the close of 2031 and 2032 respectively.
Long Forecast believes Dash could command a price of $303 by December 2021. Due to the forecasted bearish outlook for cryptocurrencies in the next two years, experts think DASH could plunge to new lows of $96 by the end of 2023. Dash is not going to recover from its slide and will plummet to $41 by 31st December 2024.
According to analysts at Digital Coin Price, Dash could be a good long-term investment as it predicts prices of $622.58 (2023), $759.48 (2024), and $1,061.31. The portal that provides accurate crypto market analysis and data believes DASHs price will decrease to $990.47 in 2027 and increase substantially to $1,374.92 by the end of 2028.
According to experts at Wallet Investor, DASH could command an average price of $554.115 and a maximum price of $1,018.640 by the end of 2023. The financial analysis website further estimates the DASH digital asset to trade for maximum prices of $1,377.420 and $1,840.350 by the close of 2024 and 2026 respectively.
Prime XBT predicts Dash to have a low price of $2,700 and a high price of $50,000 in 2023.
What will Dash be worth in 2022?
Trading Beasts thinks DASH could trade for a coin at a maximum price of $416.124 by December 2022.
The Economy Forecast Agency is popularly known as Long Forecast and projects DASH to have a trading price of $275 in June and $184 at the end of the year.
Coin Price Forecast predicts Dash could have a price of $786 by June and trade for a coin at $1,213 by the end of 2022.
Digital Coin Price foresees DASH exchange hands for $544.96 by the end of 2022. Wallet Investor forecasts Dash could trade for a coin at a maximum price of $759.534 by the close of 2022.
Based on technical analysis, Prime XBT projects Dash to test the $1,000 mark in 2022 and beyond.
How much is DASH Worth in 2025?
Coin Price Forecast believes DASH could trade for a coin at $2,211 by June and close 2025 with a trading price of $2,338.
Experts at the Long Forecast estimate digital cash could have a trading price of $64 in June 2025.
Digital Coin Price thinks the digital cash could command $908.93 by the end of the year. Wallet Investor predicts DASH to trade at a maximum price of $1,762.100 on 31st December 2025.
Prime XBT projects Dash to have a low price of $4,000 and a high of $80,000 to close out 2025.
What Will Dash Be Worth in 2030?
Coin Price Forecast foresees DASH to reach $4,290 in June and decreases slightly to $4,733 to close out 2030.
Read More: Dash Price Prediction for 2025 and 2030
Will Dash Go Down In 2021?
If there is a cryptocurrency that can survive the current outlook of this bearish market is DASH. Despite a huge sell-off, DASH still maintains decent trade volumes. In the last 24 hours up to the time of writing, digital cash recorded a trading volume of $1,026,224,901.
Additionally, Dash has formed a new partnership in May 2021 which would become effective in the coming weeks. This would extend cryptocurrency’s mileage in the finance world as an option of payment. With several users being involved in decentralized finance, Dash as an open-source platform can make upgrades to its network to build smart contract applications.
Through Dash Roots, new developers can be obtained and added to the Dash Core Group to make this possible. DASH is also serving developing economies such as Venezuela and the Southern American region. It is extremely famous and comes with relatively faster scaling times which results in low transaction fees. More adoptions, integrations through partnerships are in the pipeline to increase the coin’s usage and growth.
To demonstrate the potency of DASH in 2021, FX Leaders have made bullish predictions. According to Arslan Butt, Dash could be trading in the range of $300 to $345 by June and $345 to $435 by the end of 2021. Price drivers were attributed to fundamental analysis (bullish cryptocurrency market, increased adoption, and utility) and technical analysis (ascending triangle breakout).
Don't Miss: Dash Price Prediction Forecast
Who Should Include DASH In Their Portfolio?
Dash is one of the few cryptocurrencies which is listed on all the top cryptocurrency exchanges and brokerages worldwide. These individuals can include DASH in their crypto portfolio.
- Cryptocurrency Traders - anyone who is well-vexed into cryptocurrencies can include DASH. The trader must be on top of issues with relation to news on partnerships, adoptions, listings, and major investments which have a direct impact on DASHs price. It could well bring gains to the trader
- Blockchain Enthusiasts - DASH is among the major altcoins. Believing in the possibilities of its blockchain especially its faster scaling times, it’s easily suited for adoptions and integrations. Being on top of DASHs open-source blockchain and what future upgrades could bring to the cryptocurrency will help traders earn a decent sum in profits
- Day Traders - DASH like other cryptocurrencies is a good option for day traders due to its numerous swings in a given day.
Check Out: Should You Buy Dash?
So, is 2021 Too Late to Buy Dash?
NO, it is not too late to buy DASH. One of the important factors several novice traders and investors ignore is the pros of a bearish market. Once prices of coins go down substantially, an UPTREND normally ensues.
Dash along with the whole crypto market is down thanks to Elon Musk and China’s view on digital currencies. Cryptocurrencies are becoming affordable again and it's gradually falling back into the budgets of millions of people. Many crypto market analysts still appear to be bullish on Dash.
Aside from this, there is a consensus around crypto forums that buying Dash in May will likely lead to huge returns by the end of 2021. This is attributed to a substantial increase in the value of DASH due to more partnerships which lead to integrations as well as positive crypto market sentiment.
Is Investing In DASH Risky?
Investing in Dash could be risky due to the unpredictability of the cryptocurrency market. DASH began May in a bullish fashion. The digital cash opened Saturday, 1st May 2021 at $319.58 and closed the day at $322.05. The digital asset opened Wednesday, 5th May with a trading price of $360.59 and reached an intraday high of $419.26. In a few hours, it shed 14.454% of its new price and dropped to a day low of $358.66.
Dash reached a new high of $476.85 on Friday, 7th May, and from then went on a downward spiral. Trading at an opening price of $426.61 on Wednesday, 12th May, Dash plunged on Sunday, 16th May. This came after Elon Musk’s response to a tweet about BTC HODLers finding out in the future that Tesla has dumped its BTC holdings.
Dash has shed 51.511% of its price high in May at the time of writing. This uncertainty makes DASH a cryptocurrency that is extremely risky to play with your hard-earned money.
Could Dash Be A Bad Investment?
Investing in Dash could be a bad investment in the long term due to its overreliance on its partnerships, adoptions, and integrations. Uniswap (UNI) is a decentralized exchange running on the Ethereum Network. UNI currently commands a price of $26.44 although it’s a DeFi coin and not a mainstream cryptocurrency. UNI has a relatively bigger market capitalization than DASH which stands at $14 billion and makes it the 11th largest digital asset in the world.
As per information retrieved from the 2021 – Global Crypto User Index, one of the key areas was decentralized finance. 66% of crypto users admitted to using DeFi applications. Aside from this, 60% of users opined that they keep their digital assets within exchanges. Uniswap is one of the popular decentralized exchanges in the world and its coin UNI commands billions of dollars in volume daily.
If the Dash Core Group does not initiate forks (soft and hard) to take advantage of Dash’s open-source network, the cryptocurrency may not command a hefty price tag in the future. It would continue to trade below the $500 milestone for a long time.
Additionally, DASH faces strong competition from other cryptocurrencies with the sole aim as a transactional currency. Other transactional currencies are Bitcoin, Bitcoin Cash, Ether, Litecoin, and Dogecoin among others. These digital currencies are used in settling more transactions than Dash. This means more liquidity is being poured into other cryptocurrencies which do not bode well for the valuation of DASH in the future.
Does Dash Have A Future?
YES! Dash has a future. Although it has not fully set up its network to build decentralized applications and contribute to the total number of funds locked in DeFi, it gains mileage through an integral partnership.
In the fall of 2020, it partnered with StakeHound to allow holders of digital cash to generate additional yield through DAPPS and at the same time continue to receive stable staking rewards. Speaking of the partnership, Ryan Taylor, Chief Executive Officer (CEO) of Dash Core Group pointed out that.
This functionality provides the ability for one to explore the world of DeFi or from the other side, the world of DASH while continuing to reap returns through StakedDASH. The connection of two ecosystems creates an open gateway for liquidity flow.
This has contributed to the exposure of DASH to DeFi fans and DeFi to users of DASH and explains the daily volumes being recorded by the cryptocurrency.
On Monday, 15th February 2021, Dash NEXT partnered with OIN to bring an optimized stablecoin solution to the users of the cryptocurrency. OIN is a unique platform that helps its users to stake rewards or yield insurance that are specifically designed for the handling of altcoins.
As a user of DASH, you can take advantage of the bearish outlook of the market to make enormous profits. How can this be possible? This partnership gives you the power to manage the unpredictability of cryptocurrency. If there are sharp recessions that could result in huge losses, you do not have to sell the cryptocurrency or forget about the entire cryptosystem. All you have to do is to switch DASH into a stable asset. Once the price of the asset goes down and achieves stability, you just switch from a stablecoin back to DASH and use your profits earned to buy more DASH due to a price drop.
With the work of its team, the future of DASH looks bright as more partnerships could be announced in the months leading up to the end of the year.
Previsioni Bitcoin estimates a great future ahead for DASH with a prediction of $595.56 by the end of 2021.
How safe is Dash?
Dash is extremely safe to use as a result of its X11 mining algorithm. Dash employs a Decentralized Project Governance that serves three (3) different functions. Two of the functions are InstantSend and PrivateSend. The third is CHAINLOCKS. ChainLocks secures the blockchain in a way where it cannot be modified. This is the primary reason why DASH has not been subjected to or used in any ransomware schemes since its inception in the crypto market in 2014.
How legit is Dash?
Dash is an extremely legit cryptocurrency. It’s extremely understandable to be afraid of investing in DASH due to controversies surrounding the cryptocurrency market. With that said, eToro is a credible multi-asset brokerage firm that allows users to buy, sell and hold more than 90 cryptocurrencies.
eToro has served millions of customers globally and has a range of payment options that will fall into your interest. eToro listed DOGE on Monday, 10th May 2021 after years of ignoring the cryptocurrency due to its association with shady and pump and dump schemes. For DASH to have been listed on eToro for years certify the cryptocurrency as a legitimate asset that is not heading for extinction zones in the future. To put it simply, invest in DASH with eToro.
Alternatives to Dash
Is Dash the only cryptocurrency worth your investment? Of course, not, there are 10s of digital assets which show promise in the market. Cryptocurrencies listed on the top cryptocurrency exchanges and brokerages worldwide include but are not limited to Binance Coin (BNB), Stellar (XLM), Ripple (XRP), Tronix (TRX), Ether (ETH), Cardano (ADA), Chainlink (LINK), Litecoin (LTC), EOS and NEO. All the digital currencies have returned more than 50% year-to-date and can bring huge profits by the end of 2021.
Conclusion: So, Is Dash A Good Investment?
YES! Dash is an asset worth your investment. Due to the uncertainty of the market and the increasing number of people making irrecoverable losses, two factors must be addressed before deciding on investing in DASH. They are risks and rewards. Do the potential rewards of investing in DASH in May exceed the possible consequences of the investment?
Dash forged several partnerships which have given it mileage across 155,000 retail outlets and 75 websites across the United States. Digital cash is extremely popular in Venezuela and the whole South American region. On the other hand, Dash is miles behind major altcoins it started with such as ETH and DOGE in terms of capitalization. What’s more, DASH has not been getting the kind of heat other cryptocurrencies are being exposed to on social media. This does not help its popularity in a saturated market.
With that said, Dash is flirting with decentralized finance through its partnership with StakeHound. Its partnership with OIN also helps users convert the digital coin to stablecoin during bearish seasons and buy more DASH which could earn more profit when the price heads back north. This makes the private coin one of the best cryptocurrencies that can complement your portfolio and result in huge gains.
Simply put, Dash is a risky investment that could lead to massive rewards. So, does investment in DASH work? With independent research (fundamental and technical), Dash could be the winning digital asset you have been searching for.
According to Prime XBT, based on technical analysis, Dash could be worth $750 by the end of 2021. At its current trading price of $231.22, investing in DASH could see you walk away with a 224.366% return by the end of the year.
eToro – Best Broker to Buy DASH
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Will Dash Reach $1,000 Again?
According to experts at Coinpedia, DASH could trade for a coin at $805 at the beginning of 2022. By the end of the same year, strengthening the user base by the issuing authority of the digital cash could see it exchange hands for $1,900.
Is Dash Better than Bitcoin?
NO, Dash is not better than Bitcoin. The only area Dash has an edge over BTC is the speed of processing transactions. Dash processes 30 to 56 transactions per second while BTC processes 4.6 transactions per second. As a result, Dash has a relatively smaller transaction fee of $0.008378 while Bitcoin has a transaction fee of $13.14.
With all these said, Bitcoin is the first cryptocurrency. It is the most popular cryptocurrency and it’s viewed by many as digital gold. This is the main reason why it commands a relatively higher price than DASH.
Overall, buying Dash for the long term as a small-time investor may bring you better earnings than BTC due to its smaller price and potential in the market. BTC can help you make gains from sharp swings in price in the short term if you take advantage of its volatile nature.