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Here’s Why Dash (DASH) Might Overthrow Bitcoin (BTC) in 2018

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Bitcoin might be the largest cryptocurrency in the market today, but it certainly is not free from limitations. As the first decentralized blockchain, Bitcoin has become all the rage in the market. But is the hype about Bitcoin justified? With the surge of altcoins in the crypto space, there are many options available to the investors, which might challenge Bitcoin’s ascendancy.

Speaking of viable contenders in the market, Dash is definitely a currency to watch out for. Functional since January 2014, Dash attracted the investors’ attention from its very inception. Dash (DASH), which ranks 13th by market capitalization, has already broken into the $1 billion club. In addition to a lightning fast transaction speed, which has been Dash’s main attraction, the cryptocurrency also boasts several noteworthy features, including user anonymity. This article explores some of the competitive advantages of Dash over Bitcoin.

Dash (DASH) Vs Bitcoin: Which One Is Better?

A little insight into the price trend will reveal that this year has been really critical for Bitcoin and its likes. Apart from the downtrend, which distressed many investors, the currency has seen some major challenges in the recent time. Speaking of Bitcoin’s limitations, mention must be made of its terribly slow transaction speed. The following points illustrate why Dash is a viable alternative to Bitcoin.

  • Dash Is Faster Than Bitcoin:

The major drawback of Bitcoin at the moment is its notoriously slow transaction speed. In the highly competitive world of cryptocurrency, speed plays a pivotal role in trading. This is why the market has seen the surge of numerous new currencies that boast lightning fast transaction. As most investors would agree, Bitcoin’s slow transaction speed is a huge big turn-off, especially in today’s volatile market where investors need to make quick decisions. Dash, which offers its users an additional facility known as InstasSend, allows investors to execute their transaction within minutes.

  • Dash Is Less Expensive Than Bitcoin:

Bitcoin’s value has gone down this year but, as the largest currency in the market, it is an expensive option. Also, it’s quite risky to invest in Bitcoin, as the Bitcoin market is quite volatile at the moment. At any rate, Dash (DASH), which is presently trading at $448.58, is a lucrative option for investors looking for a cheaper alternative.

  • Dash Is Nourished by an Active Community:

Although Bitcoin has a huge follower-base, the community is at war. In the past couple of months, Bitcoin has seen some nasty forks. As you are aware of, the cryptocurrency has been divided into many new currencies, including BitcoinPrivate, BitcoinCash, and Bitcoin Gold. Quite naturally, the community has divided into subgroups, each supporting different forks. Speaking of Bitcoin forks, many investors blame these forks for the price volatility of Bitcoin. In contrast, Dash is supported by a highly functional community.   Like any other currency, Dash’s community also faces critical arguments, but the efficient administrative structure enables it to offer solutions for all investment-related challenges.

  • Dash’s Privacy Features Will Put Bitcoin to Shame:

As opposed to Bitcoin and other big names, which are criticised for security breaches, Dash provides users with a special security feature, wherein users can expect anonymous transactions. Dash’s privacy feature is not a default option and can be accessed on request. The best part PrivateSend, the optional security feature, is its anonymity; it is impossible to trace transactions to real-life identities.

In addition to the aforementioned facilities, Dash has developed an excellent interface which enables users to procure DASH tokens offline. While such a possibility is unimaginable with most of the currencies, Dash has managed to make a breakthrough, allowing users to carry out offline transactions.

Dash’s Price Forecast for 2018

Just like the majority of cryptocurrencies, Dash’s performance hasn’t been stable, as the first quarter of 2018 has seen a steady decline of Dash’s value. However, as per the recent price records, the price is gaining momentum in the market.  Considering the critical condition of the market, making a comeback can be terribly difficult. With some major currencies trading in the trading, Dash’s positive price movement surprised the investors.

The currency, which ranks 13 by market capitalization, is available to the traders at $448.58. Much to the investors’ delight, the currency has gained 6.04% from its earlier position, featuring it among the top gainers this week.  With a market capitalization of $3,616,656,589, the cryptocurrency boasts a trading volume of $90,771,900 at the time of writing.

Does the price spike signal a bull run for Dash?

The cryptocurrency, which has plunged steeply from its record high of $1,515.39 on December 20, 2017, is making slow advancements. While analysts interpret the spike as a sign of revival, it’s difficult to say what will happen with this promising cryptocurrency. If the market analysts are right, the price might just hit its record high, the $1500 price level.

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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.

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Bitcoin

Cryptocurrency Fraud is Evolving; Bitcoin ATMs Mitigate Risk 

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Cryptocurrency Fraud is Evolving
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In one of the more overlooked aspects of the crypto ecosystem, it appears that the bulk of illicit activities are shifting from hacks and thefts to cryptocurrency fraud and scams.

CipherTrace, the crypto-surveillance, and analysis firm released a report at the end of Q4 2019 that revealed hacks and thefts had decreased by 66 percent in 2019 while fraud and misappropriation of funds surged by 533 percent. And beneath the COVID-19 hysteria of 2020, hacks in the crypto sector have been eerily isolated. 

Outside of a few exploited flaws in P2P exchanges and DeFi flash loan vulnerabilities, the headline-grabbing hacks of exchanges for hundreds of millions of dollars have been absent so far this year. Is the industry due for another massive hack, or are stringent KYC/AML processes, regulatory crackdowns, better security practices, and blockchain surveillance working? 

KYC/AML Improvements Are Reducing the Appeal of Crypto Exchange Laundering 

2020 is far removed from the no-KYC wild west days of the early-mid 2010s where anonymous altcoin casinos preponderated and the Dark Underbelly of Cryptocurrency Markets thrived. 

Today, bitcoin and the crypto ecosystem is becoming institutionalized with a surfeit of derivatives (e.g., options, futures, perp swaps, etc.) available on…

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IE Option – 91% Profit on BTC Fluctuations in Every 60s

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On Thursday, Bitcoin price broke below $6,700 and hit the weekly low to $6,480. Then, it rebounded back above $7,000 again with an increasing rate of 5%. At press time, based on the incomplete statistics, more than $720 million worth cryptocurrency futures contracts have been liquidated in this week. During the strong market fluctuation, investors are learning a hard lesson about the downside of cryptocurrency futures trading with leverage. 

Since we know that we cannot make money by investing in BTC spot trade during the bear market, and we notice the high risks of liquidation by trading leveraged bitcoin futures contracts, how can we hedge the loss in spot trade and profit from the BTC market volatility? 

BTC Option is a profitable trading product that you can turn to!

What is Option?

Option is a type of crypto derivative contract which enables investors to make speculative bet on price rising and falling. Call option means that trader long BTC at a given strike price, while Put option allows trader to short BTC at a given strike price. 

For example, if you predict that BTC price may surge, you can buy a call option. Suppose that you buy a call option at $7,000. As long as price exceeds $7,000, you can make profit. 

IE Option – Get…

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4 things you should know about bitcoin casinos

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Bitcoin Casinos are the ideas of innovation, firmly moving towards the goal of disrupting the whole Gambling Industry. Best Bitcoin Casinos are the true trailblazers of the new era of gambling. Their creators quickly recognized all the immense potential that blockchain and cryptocurrencies contained within themselves. Most of the top Crypto Casinos started operating in the first half of the past decade and are quickly moving towards being the dominant force, when it comes to online gambling. There are a couple of key characteristics and advantages that elevate BTC Casinos above the rest of the competition on the market.  

Trusted casinos have fast withdrawals

Only the Best Bitcoin Casinos offer players the benefits that come with using cryptocurrencies as the main source of finance. One of the biggest advantages that BTC Casinos have over the rest of the competition is speed. When using cryptocurrencies, players can deposit and most importantly withdraw their money with blistering speeds. Thanks to blockchain technology, all the financial transactions are completed within the minutes of request. Alternatively, standard online casinos operating under the guidance of classical banking intuitions, need several days to complete the same procedures.

In BTC Casinos anonymity matters 

Another amazing benefit of Bitcoin Casinos is the ability to stay completely anonymous during the transactions and gameplay. Thanks to the…

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