LTC miners are in good profit zone with $0.05 cost of electricity,DASH miners are at loss even with $0.03...
XMR miners are at loss,but if you look at XMR hashrate chart, it is pretty flat for a long period of time.At the other hand, DASH hashrate doubled for same period of time.Why would anybody invest in mining DASH when it is unprofitable even with $0.03 price of electricity? Nobody will waste money just like that. DASH is profitable,but only and only if you posses masternodes in equal or bigger percentage of your part in hashrate. That is a catch. Big holders whose posses a lot of masternodes due to 45-45% sharing mining reward betweeen miners and masternodes operators have a huge leverage to push price way down of pure miners profit zone,removed them for market and completely dominate mining,market supply and price of coin.Such concentracion of power is always very bad for coin.
Ok, so XMR and DASH are unprofitable to mine at the moment... but still you're assuming that DASH miners are setting up masternodes because the hashrate doubled. Could be but I don't call that hard evidence.
Dash retraced far below other coins. Look at LTC and XMR you mentioned. LTC value just before 2017 pump was 0.003 BTC.During this bear market,LTC lowest price hit 0.0048 BTC,or 60% up from lowest price during last bear market.
If we look at XMR, its ATL is about 0.001 BTC. During this bear market XMR lowest price hits 0.0054 BTC which is 5.4x bigger than lowest price during last bear market.
Then DASH. Its lowest price in 2017,before bull run was 0.01 BTC.In 2016 price was also about 0.009-0.01 BTC. During this bear market it hits 0.0053 BTC,so price went 2x less,making new ATL hitting price lower than in 2015... DASH performance is not just bad,but extremely bad in comparison with other coins. What message it sends to investors ? In one thing we agree,due to low supply and unnatural unification of big holders ,masternode operators and miners,DASH is ideal toy for the most extreme pumping/dumping.
Only if you discount the first 4 months of DASH's existence... it was at 0.001 BTC as well. I see it as splitting hairs to really say much is different between the 2 charts other than that DASH pumped earlier and than ultimately higher. XMR and DASH were largely valued the same per coin last bear market and look at that, valued almost the same this bear market. Btw, both DASH and XMR were created in the 2014 bear market so for them it wasn't really a bear market. You can check out some of the newer coins released during the 2018 bear market like ATOM, XTZ. They haven't really had a bear market either.
For LTC, it has gone thru its own bear market to compare with and yes, higher low and lower high (2014 bear market/2017 bull market). This might be a clue as to how DASH, XMR and LTC perform the next bull and bear markets relative to BTC...
One more thing.Binance couldnt establish 400 new masternodes,because whole sum of DASH on it is about 8000 coins,enough for only 8 nodes.
How are you determining that? And do you think Binance is the only exchange setting up masternodes?