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Combining Speed and Anonymity With Dash

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Dash
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The Cryptocurrency market has been turbulent for the last 3 months, with several cryptocurrencies experiencing a high degree of volatility when it comes to price levels. Even the leaders, namely Bitcoin, Ethereum, and Ripple have not been spared from such sudden price movements. One such coin is Dash, which has been on the rise for quite some time now, consistently reaching the 10th rank consistently from last year. Dash has a supportive community behind it as well as a technically sound development team which has contributed to its overall stability.

A little About Dash

Dash, which was previously known as DarkCoin, was first introduced in 2014 as an open source peer-to-peer cryptocurrency. Its original aim was to address the many different problems plaguing Bitcoin at that time, including offering instantaneous transactions, private transactions, as well as operating on a self-governing and self-funding system. It has exceeded a lot of people’s expectations, amassing a market cap of $3,579,884,852, ranking at 12th as of 20/04/2018. Currently, it is valued at $446.35 USD and has been one of the most stable cryptocurrencies since its inception.

Dash: The investor’s Target

As mentioned above, Dash has a very dedicated community as well as very loyal investors who believe in the project’s use case and goals.  Indeed Dash has withstood the overall crypto-slump experienced earlier this year, with its price only marginally affected. In other words, Dash has been addressing the issues which plague some of the older altcoins, including speed.  Below are certain factors that have contributed to the relative stability of the coin, since its inception in 2014.

  • User Friendliness: The Dash team has always put emphasis on the usability of their technology, and hence established a global brand.  This is evidenced by the several name changes that the altcoin went through, including dropping names like “Xcoin” and “Darkcoin” Before settling on a band name with a universal appeal. The name Dash itself is derived by combining the words “Digital” and “Cash”. The crypto community welcomed Dash with open arms when it launched, as the only other competitor, Bitcoin was significantly slower.
  • Transaction Processing Speed: Dash always puts an increased emphasis on improving Bitcoin’s transaction speeds, by introducing their own transaction feature known as InstantSend. InstantSend allows real-time processing of transactions, closely backed by another feature known as PrivateSend. PrivateSend, on the other hand, provides complete anonymity based on blockchain standards.
  • Partnerships: Dash, along with other currencies like Ripple and Ethereum has extended their partnerships all around the world, with Dash teeing up globally with over 400 business entities worldwide. Dash is also working on newer ways for small to medium scale merchants to adopt the Cryptocurrency accordingly. A prime example would be Dash’s partnership with the Apple app store, where Dash can be used as a payment option.
  • Investor’s comfort Zone: One of the biggest reasons which contribute to Dash’s popularity would be the cheap transaction fees. As a result, Dash has experienced a higher degree of “hodling” among the general populous. Dash’s volume has been ever growing thanks to the increased number of investors over the years,

Final Thoughts

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Dash is certainly one of the most stable cryptocurrencies that have existed since the beginning of the Cryptocurrency market. 2017 was the year of cryptocurrencies and Dash in particular, with Dash’s value increasing from $11.33 on 31st December 2016 to a high of $1,093.39 as of 1st January 2018.  With such a monumental rise in value, the prospects indeed look high for Dash’s future.

We will be updating our subscribers as soon as we know more. For the latest on cryptos, sign up for our Telegram!

Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

Image courtesy of Tonymadrid Photography™ via Flickr

Altcoins

DGB Price Prediction For 2018 and Beyond

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DGB price prediction
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With the crypto market being constantly bearish throughout this year, a lot of investors are having second thoughts about buying additional coins. While some large cryptocurrencies like Bitcoin or Ethereum can be considered safe investments, smaller coins like Digibyte (DGB) often receive a lot of doubt. This is why the DGB price prediction is necessary so that the investors can know what to expect.

DGB Price Prediction

DGB has had its ups and downs throughout this year, and at some point, it even went up by 70%. However, the constant bear market affected it just as much as numerous other cryptos. This has brought its value down to its current $0.025378 per coin. Some optimistic predictions from earlier dates saw the coin reaching as high a price as $9.20 by the year’s end. However, as we approach the date, it seems less and less likely that this DGB price prediction will come true.

The coin is generally seen as a profitable investment. As it is always the case with cryptocurrencies, they should be bought when their prices are down, so that a profit could be made when they spike up once more. Digibyte is no different, but it should be noted that investing in this coin means having patience. DGB is not among the coins that will make you rich overnight, and instead, it should be seen as a long-term investment.

Even though 2018 has been as…

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Altcoins

Why ZCash (ZEC) Is Heading to $10k

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ZCash
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Back in mid-May, the Winklevoss Twins made the headlines for embracing ZCash (ZEC) as one of its major digital assets on their groundbreaking Gemini exchange. When the announcement was made, ZEC rallied in the market by showing a 45% increment in value. The coin made it to $357 in a matter of hours.

Further assessing the currently available digital assets on the Gemini platform, we find that the exchange currently has USD pairings for only Bitcoin (BTC), Ethereum and ZEC. There is also additional pairings of ETH/BTC, ZEC/BTC and ZEC/ETH with plans to onboard Litecoin in the coming days.

Another thing to note is that the exchange also provides custodial services for institutional investors thus giving ZEC the much-needed exposure to the firms on Wall Street. Custodial services provide a guarantee that all digital assets on the platform are stored by a licensed entity thus extinguishing any cybersecurity concerns. For an entity to be licensed in New York for custodial services, the proper due diligence and research have been done.

Another thing that makes the Gemini exchange attractive and appealing to institutional investors, is that all USD deposits are insured by the FDIC. The latter entity is the Federal Deposit Insurance Corporation that provides insurance for USD deposits in American banks. This means that once again, the funds of individual and institutional investors are safe and insured, further making…

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Ripple XRP Mega Breakout: What’s Next?

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Ripple XRP mega breakout
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The Ripple XRP mega breakout that we were calling for happened and happened much quicker than anyone expected. As we said yesterday:

Nonetheless, IF, Ripple is capable of going ‘topside’ of the .38 figure at any point in the days/weeks ahead, such development, should it occur, would likely trigger its next advance into the .42 – .47 zone, representing a 30-40% move from present levels. On the flip-side, the .25 – .26 area should offer short-term potential support.

XRP is now sitting at .51704  as we write this article this morning, representing gains of 61% since we alerted our readers and our Global Elite email newsletter members.

Ripple XRP Mega Breakout

The Ripple XRP mega breakout is significant because it’s the first time XRP has been above its 50-day moving average since May. Right now, the RSI is approaching 80, so we are in overbought territory and we expect the price to consolidate around the .42 to .47 level before resuming its uptrend.

While some are looking at this as an opportunity to short XRP, we are not of that camp. While some can book some profits and use a trailing stop, any integration of XRP with xRapid has the ability to create a tremendous move in XRP. As Travis Kling said this week on the Off the Chain podcast with Anthony Pompliano, XRP could be the quickest five-bagger investors…

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