It's unbelieveable, isn't it? Usually I only follow the trending coins, not hodling much. The topdown ten of the coinmarketcap are probably there for a longer time period.
On Dash you need a critical amount to participate in the Masternodes game. This is either a good example of customer conversion or a bad one because newbies no more get triggered to engage there. Entry barrier can kill a coin.
On Dash you need a critical amount to participate in the Masternodes game. This is either a good example of customer conversion or a bad one because newbies no more get triggered to engage there. Entry barrier can kill a coin.
Yeah. The more Dash's value increases, the more difficult it will be for anyone to enter in the masternodes area. It is becoming more expensive to set up your own masternode, and I believe that if no change is made on the protocol level to reduce the minimum amount of Dash for a masternode, then the cryptocurrency will become more centralized. They should make a dynamic Dash fee required for masternodes to keep up with the USD price, instead of relying on a fixed amount.
But in the bright side, Dash has been performing well with promising features like InstantX and PrivateSend, making it ideal for everyday transactions. Other altcoins like Ethereum, have increased in price as well, in which it seems that investors are turning their attention towards altcoins these days.
Nevertheless, I hope that the recent price increase on altcoins would not be a result of a pump or a bubble, and it could maintain as is during the year. In the meantime, I will continue to hold the top 5 most prominent cryptocurrencies in the market. So far, I have achieved great results with Dash and Ethereum, making my investment worthwhile.
