Post
Topic
Board Altcoin Discussion
Re: Is Dash undervalued?
by
Abiky
on 26/09/2020, 18:36:27 UTC
From what i've noticed, fundamentals don't mean crap at this round of altcoin bull run. For example people are aping in on food-meme tokens and money involved those is just insane. Yeah, Dash is highly undervalued imho, and so are may other older coins with good fundamentals. Shit tokens on the other hand seem to be on fire, and i am hoping that most of them come crashing down and money from those moves back to coins with real fundamentals.

Exactly. Most people are focused on making a quick buck, rather than following a crypto's fundamentals. What matters is not how much money you'll be able to make with an specific cryptocurrency, but rather how useful it is for daily payments. A stable blockchain network with decentralization and security in mind is built to last a lifetime. Regardless of what DASH's price may be in the future, it'll survive a lifetime because of its rock-solid development and innovation. Not to mention, it's much more useful as digital cash than most cryptocurrencies out there on the market.

DASH's current features should've allowed it to reach the top 10 ranks in market cap by now. The cryptocurrency has a limited supply, and most importantly, a mechanism to protect itself against 51% attacks. While other small blockchain networks have been trying to figure out a way to prevent further disruptions, DASH already solved this problem. For instance, Ethereum Classic (ETC) has been subject to various 51% attacks during this year. But the dev team haven't adopted a mechanism to protect the Blockchain against such disruptions. They've could've easily adopted DASH's "ChainLocks" mechanism via the use of masternodes, or simply relied on Bitcoin's hashrate for security (dPoW). Being unable to provide a solution to the problem, makes DASH a superior coin in my own opinion.

Nonetheless, DASH may be undervalued but it's still one of the best cryptocurrencies around. There are many businesses and merchants accepting it, which is a good sign of mainstream adoption. When a cryptocurrency has this, it'll be able to last for long. While most newly-hyped coins and tokens with no future will eventually fail, DASH will survive alongside old coins like Bitcoin and Ethereum. If money starts pouring into DASH, we could expect prices to go above $70 in a blink of an eye. Let's hope DASH reaches a price of $1k per coin in the future. Just my opinion Smiley