Investment Disclaimer: Before investing in cryptocurrencies like Dash (DASH), conducting fundamental and technical analysis are essential to ensure that you know what you are getting yourself into. If you invest in DASH as an inexperienced investor, you will most likely lose a lot of money than your initial investment.

If you are new to DASH trading, you may be wondering if this cryptocurrency is indeed a good investment. Released in 2014, Dash (whose name also comes from “digital cash”) was introduced to have stronger privacy and faster transactions. Unlike giant cryptocurrencies such as Ethereum (ETH) and XRP (XRP), which attempted to reinvent another blockchain, Dash follows the grand vision of Bitcoin (BTC) and its developer Satoshi Nakamoto.

According to CoinMarketCap, Dash is ranked as the 61st largest cryptocurrency with a market capitalization of over $1.9B at the time of writing (September 2021). Its largest price growth occurred in 2017, a year in which the global cryptocurrency business experienced tremendous expansion. Back in 2016, Dash was valued at $12. But, surprisingly, at the beginning of 2017, the coin increased its value to $109! The coin even did better in the same year when there was a crypto boom and bullish trend—it was sold for an astronomically high price of $1,500!

But since instability is expected in the crypto markets, its value began to decline. Good enough, the value improvement of DASH did not stop here. Just like thousands of digital assets out there, its price fluctuates. Currently, it is selling at over $190. Still quite big for a coin, isn’t it?

Wait up! We are still not done here. We are just starting to fill our curiosity in this great-performing coin.

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As you read on, we hope to help you find the answers to your questions in mind. In this article, we will dive into the following questions:

  • What makes DASH unique from other digital assets?
  • Main: What are the reasons to invest in DASH?
  • How much will DASH be worth in 2021 and the future?

What makes DASH unique from other digital assets?

The Dash blockchain is based on a network of masternodes. Masternodes give a second layer of services to the network in exchange for a portion of block rewards. In addition, Dash can manage to mine for 2.5 minutes in a single block. You may use Dash every day without being overwhelmed, thanks to this functionality.

What are the reasons to invest in DASH?

There are several reasons to invest in DASH, and we have highlighted six (6) major reasons below:

  • Its future potential.

The Dash network remains committed to one of the digital currency’s main selling points. Advanced security and PrivateSent are two features that allow users to conduct transactions anonymously. Dash thus has a distinct advantage over other prominent cryptocurrencies, ensuring that it remains relevant and popular in the near future.

  • Its privacy feature called PrivateSend.

This protocol enables Dash users to send and receive untraceable payments on the blockchain. DASH is becoming more popular among users who desire privacy in their transactions. This generates a lot of interest in the digital asset, which gives a lot of liquidity and boosts the token’s market value.

  • Its fast-scaling times and an efficient feature called InstantSend.

InstantSend avoids the use of miners and instead relies on masternodes to verify a contract through consensus. Using this option allows users to send and confirm transactions in a matter of seconds, thanks to its quick scaling times. Transaction confirmation on other blockchains, such as BTC, might take up to an hour or even a day. InstantSend eliminates the time spent waiting for blockchain network confirmations. To complete this task, masternodes build voting quorums.

  • Its increased security thanks to ChainLocks.

Dash has put both financial and technical efforts into developing a digital currency that offers its users unparalleled privacy and anonymity. Dash’s masternodes also allow the ChainLocks feature, which improves security by having a rotating group of masternodes watch and confirm all new blocks added to the blockchain every 12 hours. According to Dash’s engineers, this protects the network from 51% of attacks.

  • Its improved trade volume.

When deciding whether or not to invest in Dash, one of the most crucial aspects to examine is its trade volume. For traders, volume is a critical factor in determining the future profitability of cryptocurrencies. A higher volume of cryptocurrency transactions results in more consistent cryptocurrency prices and eliminates the possibility of price rigging. A low cryptocurrency trading traffic indicates inefficient or low exchanges since sellers’ asking prices fall short of potential buyers’ offers. At the time of writing, Dash has a trading volume of over $280M.

  • Its maximum supply.

Dash tokens have a maximum quantity of around 19 million, yet only half of them are in circulation. It indicates that the project has a lot more potential, which is a good indicator for the majority of investors.

How much will DASH be worth in 2021 and the future?

According to many crypto experts, DASH is a great investment. WalletInvestor predicted that its value could rise to over $276 in one year. In five years, DASH may be selling at over $600.

Trading cryptocurrencies has several benefits and drawbacks, one of which is extreme volatility. It is possible that trading is not for everyone.

This guide does not offer financial, investment, trading, or other sorts of advice. It’s always a good idea to learn more about cryptocurrencies before making a financial decision, and it’s always a good idea to seek professional or financial advice from a trustworthy financial expert.

If you want to learn more about DASH and other known cryptocurrencies, visit https://bitqt-app.net/ and join our growing online community of traders!