The Prospects for DASH – Time to Skyrocket?

Cryptocurrencies seem to constantly grow in their adoption, with more altcoins entering the spotlight. Those who do not want to limit themselves to Bitcoin and Ethereum can take a look at Dash to see what the trends for this cryptocurrency are and whether the DASH to USD price will skyrocket in the future.

Get to Know Dash

Before investing in any cryptocurrency, you should take the time to develop a better understanding of it, and DASH is no exception to this rule. Keep in mind that Dash is the name of the token and DASH is its symbol, although many interchange the two variations in capitalization. Dash was launched in 2014 under the name Darkcoin. Its goal was ensuring the anonymity and privacy of users. In its white paper, the team described it as the very first cryptographic currency that was privacy-centric and based on Bitcoin.

Since then, the main goal of Dash changed, although its encryption features are still impressive. Now, its goal is to become a method for daily transactions, something that is incredibly practical and has led to questions as to whether it will skyrocket.

How Dash Is Different from Bitcoin

Those who want a deeper look at Dash can compare it to Bitcoin since the two are similar; after all, Dash uses Bitcoin as its base. The biggest difference is the algorithm for mining. Dash relies on a variation of proof of stake called the X11 algorithm and has conjoin mixing that scrambles transactions for privacy. Bitcoin, by contrast, has a proof-of-work algorithm. Compared to Bitcoin:

● Dash does not require transaction validation from all nodes on the network, which has proven troublesome for Bitcoin in terms of scalability;
● Dash uses masternodes to make validation and verification of transactions simpler;
● Dash has a unique self-funding model that divides block rewards with 45 percent each to masternodes and miners and 10 percent to the treasury.

Dash Offers Unique Advantages Over Other Cryptocurrencies

Part of the reason that experts see a great deal of potential for Dash is the fact that it has many potential advantages over other altcoins and Bitcoin itself. Right from the start, Dash resolved the issues of consensus and scaling that Bitcoin struggled with, which has led to slow, expensive transactions. Dash’s clear voting mechanism led to a detailed roadmap with incentives.

A significant advantage of Dash is that it has an exceptionally large budget for development. This comes courtesy of its method of dividing block rewards as mentioned above. The 10 percent of mined coins that go to the treasury is spent to work on projects, with the project choice depending on the votes of masternodes. This type of funding means that Dash can dedicate time and money to enhancements, leading to faster developments. Additionally, because of this self-funding mechanism, Dash does not need to rely on outside sources for funding, which could come with conditions or require waiting.

Just some of the other advantages of Dash over Bitcoin and other altcoins include:

● There is no record of Dash ever breaking its privacy standards. It even has a bug bounty for those who can show a vulnerability on this account;
● Thanks to the governance system, Dash is more decentralized than the average coin;
● Dash has a detailed roadmap and specific plans that continue pushing it forward;
● Dash is incredibly user-centric;
● Dash is available on many exchanges, delivering liquidity.

Dash Is Now Part of Crypto ATMs

Those in the cryptocurrency industry have indicated that they believe Dash is on its way to more widespread adoption. For example, CoinFlip, the cryptocurrency ATM company, integrated Dash with its network in mid-July. This recent change will increase the accessibility of Dash to those around the country. With the new partnership between Dash and CoinFlip, there are almost twice as many ATMs supporting Dash as there were before.

Dash ATMs are a particularly useful way of getting the
average person into cryptocurrency and Dash, in particular, since using them does not require tech-savviness. As more people buy Dash from these ATMs and get the practicality of withdrawing cash from Dash accounts via them, the coin should expand in popularity, which will likely lead to an increase in value.

Other Predictions for DASH

There are dozens of websites dedicated to predicting the future prices of cryptocurrency, making it easy to find predictions for DASH. Most of these predictions do indicate overall growth in the future, although the extent and speed of that growth vary.
For example, Wallet Investor lists the current price of DASH at $185. Its one-year forecast is at $529, and its five-year forecast is $2,094. The Economy Forecast Agency lists the current price of DASH at $184 with a predicted high of $92 in 2019, $172 in 2020, $293 in 2021, and $316 in 2022.
Many Experts Suggest Investing in Dash
Based on all the information available to them, many cryptocurrency experts agree that investing in Dash is a smart decision that could lead to potential profits. Those in favor of it point to the fact that DASH ranks number 14 in terms of the market cap, yet it is still relatively affordable compared to other cryptocurrencies. This lowers the starting point for investors while showing potential growth.
Others point to its fast transaction speed and privacy as features that can lead to its increased adoption in the near future. Organizations worldwide already accept Dash, and the number continues to grow as more people learn about DASH and ask businesses to accept it.
Conclusion
Since its introduction in 2014, Dash has undergone plenty of growth, and experts predict that it will continue to do so. Whether it becomes the cryptocurrency for daily transactions like the team hopes, there is a good chance that it will continue to be popular. But sure, there are no guarantees in the volatile world of cryptocurrency.