Dash is an altcoin that mostly focuses on privacy and speed. It is one of the top 20 cryptocurrencies by market cap and thus attracted many crypto enthusiasts around the world.
The maximum supply of Dash is somewhere around 18.000.000 and the limited supply can result in increased demand. Also, the demand and popularity are rising among the crypto community because they are eager for currencies that offer higher security and anonymity. Dash is successfully tackling these most important areas and is also doing great in the speed area too. Dash has an InstantSend feature that makes possible for payments to be confirmed in a matter of seconds and also uses PrivateSend that mixes the transactions between users in order to protect your privacy.
What will possibly increase the price of bitcoin is the advantages it has over bitcoin. Dash offers faster transactions and also cheaper ones than bitcoin so this is a major plus in the eyes of the crypto community. What is also very important is that Dash is being accepted on almost every major exchange which means is easily accessible. Dash has an autonomous governance system that allows users to submit a proposal and that proposal is later voted.
However, there are a few things that could hold back the price incensement. For instance, the biggest barrier could be not achieving widespread adoption. Also, competition is a key factor because Dash is facing some strong competitors such as Bitcoin, Bitcoin Cash, and Monero too. The price could also decrease if bitcoin drops as well since it is closely linked to bitcoin’s performance.
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