Altcoin Dash Surges Past $1,000 And Is Now At $1,248

If you have been trading on Dash the past month, you probably know that it was a good month for the cryptocurrency. Aside from Bitcoin which has been on the rise, Dash also marks another rise and breach past the $1,000 barrier.

Compared to Dash’ price at the beginning of 2017 which was $11.26, today’s price is more than $1,248. This 107-fold increase in less than a year has made Dash one of the most popular cryptocurrencies out there.

A lot of that has to do with the governance and budget. As you may know, Dash is the cryptocurrency that powers Bitcoin and one that allows owners of 1,000 DASH to create a special node called a masternode which gives them a vote on the future direction of the currency. The masternode owners also get a say on the allocation of Dash’s monthly budget.

That way, 10% of each block reward is funding projects that are approved by the masterwork network. These projects can be anything as long as they are advancing in the Dash ecosystem in some way.

Currently, Dash has a monthly budget of $8 million, which makes it one of the cryptocurrencies with a largest budget, if not the only one. The technology behind this altcoin is rapidly growing – as the developers made news with their recent activation of the 2MB blocks.

As the founder of Dash Evan Duffield wrote once:

“Even Satoshi Nakamoto, founder of Bitcoin, seems to have simply assumed that advances in hardware and networking would solve the scalability problem for him. Dash is the first digital currency to come up with an answer to scalability that’s not based on technology that doesn’t yet, and might never, exist. Dash will be able to rival the likes of PayPal and VISA simply by using its existing infrastructure.”

In the end, Dash has a pretty clear roadmap from now on – one that focuses on technological innovation and one that makes the virtual currency even more valuable on the market. This will certainly make the price go up as months and years come by.