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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 Price Dumps Below $41,000 Amid Uncertainty

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Bitcoin price dumped hard on Monday, briefly slipping below $41,000, erasing gains recorded in the previous week. The premier cryptocurrency seems to have exhausted its recent rally propelled by industry vulnerabilities. At the time of writing, the world’s largest cryptocurrency was trading slightly lower at $41,385. Bitcoin’s total market cap has dipped by 2% over the past day, while the total volume of BTC tokens traded over the same period climbed by 58%.

Fundamentals

Bitcoin price has been facing retracements and a rollercoaster over the past few days after recently rocketing to a 20-month peak. On-chain data has suggested that many investors used the opportunity to take some profits, leading to a decline in the asset’s price.

Bitcoin’s price slump is mirrored in the wider crypto market, with the global crypto market cap decreasing by 1.85% over the past 24 hours to $1.55 trillion. The total crypto market volume has increased by 32% over the same period. The Crypto Fear and Greed Index has plunged from a level of extreme greed to a greed level of 70, suggesting a decline in risk appetite.

Ethereum, the largest altcoin by market capitalization, is currently trading at $2,167, down almost 3% for the day. Meme coins have been hit hard by the market slump, with Dogecoin and Shiba Inu down by more than 4% over the last day.

Last week on Thursday, cryptocurrency experts took notice of…

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Bitcoin Price is in Consolidation Mode Despite Market Optimism Post-Fed Decision

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Bitcoin price edged lower on Thursday despite optimism in wider markets on the back of the Fed’s interest rate decision. The flagship cryptocurrency has been consolidating above the critical level of $42,000 after briefly topping $44,000, its highest level in 20 months. Bitcoin was trading 0.71% lower at $42,569 at press time. BTC’s total market cap has increased by more than 3% over the last day to $832 billion, while the total volume of the asset traded over the same period jumped by 22%.

Economic Outlook

Bitcoin price has been trading sideways over the past few days, suggesting a pause in its recent rally towards $45,000. The premier cryptocurrency has decreased by 4% in the past week but remains 15.22% higher in the month to date. The digital asset has staged a significant recovery this year after a torrid 2022 in which a string of scandals, including the collapse of FTX, led to a market meltdown, undermining the credibility of the sector.

The crypto market has been buoyed by the Fed’s latest interest rate decision. The US Federal Reserve on Wednesday held its key interest rate unchanged for the third consecutive time, in line with market expectations. With the easing of the inflation rate, members of the Federal Open Market Committee (FOMC) voted to keep the benchmark overnight borrowing rate in a targeted range between 5.25%-5.5%.

Additionally, the central bank indicated that three rate…

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Bitcoin Price Blasts $44K in Spectacular Surge as Spot Bitcoin ETF Approval Looms Large

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Bitcoin price has been hovering above the $43,000 psychological level over the past two days amid anticipation about the potential approval of a spot bitcoin ETF. The flagship cryptocurrency has climbed more than 16% in the past week and nearly 170% in the year to date. Bitcoin’s total market cap has increased by nearly 5% over the past 24 hours to $858.9 billion, while the total volume of the token traded rose by 43%. The Bitcoin price was trading at $43,914 at press time.

Fundamentals

Bitcoin price has posted significant gains over the past few days, climbing to its highest level since April 2022, before the crash of a stablecoin that started a litany of company failures, pummeling crypto prices. The world’s largest cryptocurrency briefly topped the crucial level of $44,000 on Wednesday amid rising momentum despite being massively overbought.

According to analysts, with no spot bitcoin ETF approvals yet and the halving event five to six months away, the market is riding on FOMO. Capital has been flowing in the Bitcoin market amid enthusiasm that the launches of spot ETF will bring in billions of dollars of new investment into the crypto sector.

Investors have already started providing capital as seed money for ETF products. Notably, a recent report by CoinDesk showed that the world’s largest fund manager, BlackRock, received $100,000 in capital from a seed investor for its spot bitcoin exchange-traded fund…

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