Why Dash Coin Just Became more Viable than Banking on Bitcoin

In recent years, more and more people have started to educate themselves in regard to how cryptocurrencies work. As a result, almost everyone who first signs up to a cryptocurrency exchange finds themselves nervously sat hoping that it isn’t too late to buy into the next biggest crypto before it’s value skyrockets.

Are you banking on Bitcoin to go down in value so that you can buy in before the price hits the possible $100,000 mark? If so, you are probably going to be disappointed. The good news, however, is that there is one cryptocurrency which might just be about to go to the moon in time for you too to hitch a ride along the way. We’re talking, of course, about Dash Coin.

What is Dash Coin & Why is Now a Time to Think About Investing?

Dash Coin is a rebrand and collaboration between two former altcoins, Darkcoin and Xcoin. What is more, Dash Coin offers what just might be the best compromise possible between the two cryptocurrency exchange favorites, Ethereum and Bitcoin. This is because like Bitcoin, Dash Coin is completely open source and decentralized, operating using peer to peer blockchain equivalent which can allow users to exchange coins anonymously.

That said, what makes Dash Coin stand out, is the fact that the currency has so far avoided having its brand image sullied by blockchain forks, scalability issues, or political unrest within its core developer community.

How Bitcoin & Bitcoin Cash just gave Dash Coin the Biggest Boost Possible

As discussed in our recent post, ‘Bitcoin Cash – Investment Worthy or a Bitcoin Network Conspiracy?’ Bitcoin went into a $1,000 tailspin over the weekend starting November 10th. What is more, this was an artificial tailspin caused by Bitcoin miners and associated investors pulling funds, pumping Bitcoin Cash, and buying Bitcoin back as soon as Bitcoin started to become more profitable to mine and cheaper on the pocket.

Of course, most people don’t know about how Bitcoin mining works, nor how manipulations like this are even possible. This being the case, everyday investors started to buy Bitcoin Cash and many lost out as the big Bitcoin Cash bubble burst precisely as Bitcoin once again became more profitable to mine and invest in.

People who understand the intricacies of the crypto markets, however, didn’t touch their Bitcoin or Bitcoin Cash investments. Instead, they started to put money into Dash Coin. This is why while not widely reported on, Dashcoin ended the weekend at $530.94, up from $275 on November 7th.

The Many Merits of Dash Coin

While still not on as many peoples cryptocurrency exchange radar as Bitcoin, Dash Coin certainly has long-term investment potential.

Unlike Bitcoin, Dash Coin has a 2 MB blockchain block size. This means that the network has double the transaction processing power of Bitcoin. Even better, transactions are significantly cheaper and instant.

The real reason to watch Dash Coin, however, rests with the fact that so far, Dash Coin has had relatively very little promotion outside of the Dash community itself. All this, though, is about to change thanks to an update to the Dash Coin algorithm which will see projects such as ‘Dasforce’ which seek to promote the altcoin rewarded by the Dash community itself. What is more, if the investment which the Ethereum network put into promotion is anything to go by, this could well see Dash Coin really start making an imapct on cryptocurrency exchanges throughout the remainder of 2017 going into 2018.


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7 responses to “Why Dash Coin Just Became more Viable than Banking on Bitcoin”

  1. James O'Shea Avatar
    James O’Shea

    DASH is NOT Dash Coin… Please just call it DASH

  2. Admin Avatar
    Admin

    Good point James! note taken

  3. Admin Avatar
    Admin

    we are hiring writers! if you want a great job and are into Crypto this is perect for you! please email us at [email protected]

  4. 0x Avatar
    0x

    Good article. 🙂
    Could you please amend the article to just “Dash” instead of Dash Coin. This is dangerous because some exchanges tend to still have “Dash Coin” listed as a separate (outdated) currency.

  5. John Avatar
    John

    Crypto Gazette wrote a half page article promoting DASH, let’s all go buy DASH LOL!!!

  6. AQ Avatar
    AQ

    “Unlike Bitcoin, Dash Coin has a 2 MB blockchain block size. This means that the network has double the transaction processing power of Bitcoin. Even better, transactions are significantly cheaper and instant.”

    Thats not how processing power works… just because you increase blocksize, doesnt mean the network processing power has increased – that’s determined by the network hashrate, and DASH just broke 1 PH/s, whereas Bitcoin has 100,000 PH/s.

  7. Mike Avatar
    Mike

    So what do you guys think of dash coin not dash ?

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