Connect with us

Bitcoin

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

Published

on

Dash

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.

For the latest cryptocurrency news, join 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 Pexels

Bitcoin

Blockchain technology outshines Bitcoin and Gold during global pandemic

Published

on

As the popularity of cryptocurrencies such as Bitcoin begins to level up with investments made in metals such as Gold, together they have both made significant advantages for investors who have taken a leap to invest in them.

However, thanks to the pandemic and the dynamic shift in investing and the economy, many investors have seen fluctuating losses and gains thanks to the uncertainty of the current business world. 

Many investors that backed companies who have exposure to blockchain technology have seen an approximate amount of 54% return on investments over the past year. This is even after considering how hard the global tech market and companies have been hit since the beginning of the pandemic.

What is blockchain technology?

Blockchain technology was first introduced as a supportive technology for Bitcoin. A blockchain is a simple, unchangeable and un-hackable digital ledger that holds transactions in little blocks attached to a chain. The transaction is duplicated and distributed across the entire network of systems on the blockchain, making it available for everyone on the network to see. 

Each block in the chain contains various transactions which are recorded on the participant ledger every time a transaction takes place. The database is decentralised and is managed by multiple participants known as Distributed Ledger Technology (DLT).

Although blockchain technology was birthed from Bitcoin and was widely adopted for the use of cryptocurrencies, the way it works and its security has made…

Continue Reading

Bitcoin

Bitcoin Surges After Tesla Bought $1.5 Billion Worth of BTC

Published

on

Cryptocurrency

The sudden rise of Bitcoin has been connected to the decision taken by the Tesla electric car company to buy $1.5 billion worth of Bitcoin.

The company explained in a filing with the Securities and Exchange Commission (SEC) that it bought Bitcoin to diversify its cash returns and more flexibility.

Musk’s Tweets also impacted Dogecoin’s price

Tesla also added that it will start accepting Bitcoin payments for all its products, although this will be based on a limited basis and applicable laws. If the company concludes and starts accepting cryptocurrency, it will make it the first major car manufacturer to accept Bitcoin payments. The company’s founder and Chief Executive Officer Elon Musk has developed an interest in Bitcoin and cryptocurrencies.

He has been tweeting severally about the viability of the Dogecoin (DOGE), which doesn’t have an important market value attached to it.

Few hours after endorsing Dogecoin, the cryptocurrency rose by an impressive 50%. But regulatory authorities are still concerned about the risks in cryptocurrency investments, with several regulatory bodies warning traders and investors they could lose all their money from crypto investments.

But for Tesla, the company decides to diversify its funds and increased its cash returns. However, Tesla also warned investors about the volatility of Bitcoin’s price in its SEC filing. According to the SEC…

Continue Reading

Altcoins

XNO Token of Xeno NFT Hub listed on Bithumb Korea Exchange

Published

on

Hong Kong, Hong Kong, 25th January, 2021, // ChainWire //

Xeno Holdings Limited (xno.live ), a blockchain solutions company based in Hong Kong, has announced the listing of its ecosystem utility token XNO on the ‘Bithumb Korea’ cryptocurrency exchange on January 21st 2021.

Xeno NFT Hub (market.xno.live ), developed by Xeno Holdings, enables easy minting of digital items into NFTs while also providing a marketplace where anyone can securely trade NFTs.

The Xeno NFT Hub project team includes former members of the technology project Yosemite X based in San Francisco and professionals such as Gabby Dizon who is a games industry expert and NFT space influencer based in Southeast Asia.

NFT(Non-Fungible Token) technology has recently gained huge focus in the blockchain arena and beyond, making waves in the online gaming sector, the art world, and the digital copyrights industry in recent years. The strongest feature of NFTs is that “NFTs are unique digital assets that cannot be replaced or forged”. Unlike fungible tokens such as Bitcoin or Ether, NFTs are not interchangeable for other tokens of the same type but instead each NFT has a unique value and specific information that cannot be replaced. This fact makes NFTs the perfect solution to record and prove ownership of digital and real-world items like works of art, game items, limited-edition collectibles, and more.

NFTs are already being actively traded in markets globally. For…

Continue Reading

Press Release