Dash Could Surpass Litecoin As Daily Transactions Increase Steadily

Dash could surpass Litecoin since the number of daily transactions that happen on the DASH network has been rising slowly over the year as we are reading further in the Dash news.

There are now more transactions that get performed using the crypto asset rather than on the Litecoin network. Despite the growing usage of the network, the total Dash market capitalization still lags a long way behind Litecoin. Some believe that the market is not yet mature to determine real utility in the crypto assets. Dash is currently in the 22^nd place on the popular crypto-assets comparison site CoinMarketcap. After a 24-hour pump of about 8 percent, the digital currency still boasts a market cap of slightly more than half a billion dollars.

Bitcoin is still the asset that has the hardest monetary policy in history and many other cryptocurrencies fight to fill the different niches. One of the most prominent coins is Dash since it represents a decentralized means of payment. There are a few other cryptocurrencies that compete with Dash to fill this niche, such as Litecoin.

Litecoin is positioned much higher on CoinMarketCap in the sixth place and with a total market cap of about .
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253 billion. The daily transaction volume of the two crypto assets doesn’t quite show the same Litecoin dominance. According to the data from BitInfoCharts.com, the number of the transaction happening on the Dash network has been increasing over the year which is why some believe that Dash could surpass Litecoin also because LTC’s usage has been dwindling.

For some of the commentators, the fact that both Litecoin and Dash now has about the same daily transaction volume but its different market caps show that their digital currency market is not yet mature to value the assets based on overall utility. The Twitter user C4Chaos argued that this will not be the case and posted:

‘’At the very least, if the crypto market cares about real fundamentals, then $DASH should be where #Litecoin is right now on the crypto market cap ranking. it’s only a matter of time before real cryptos with real utility rise up to the top. https://t.co/MbGAkw5rvi pic.twitter.com/hpJyqcLmqB’’

The Dash network is being used to transfer a lot more value than Litecoin which doesn’t automatically mean that it has more value. Both of the assets are different since Dash offers different types of transactions and it also features rewards.