Dash is one of those old privacy coins with unique features not found elsewhere. For instance, the project has adopted a mechanism dubbed "ChainLocks" to protect the Blockchain against 51% attacks. It also has instant transactions (InstantSend) and privacy features (CoinJoin) baked into its protocol. Yet, Dash has been under the radar of many investors and traders alike sitting around $70 per coin. With a proven track record of development and innovation, Dash should've been in the top 5 cryptocurrencies in market cap by now.
Do you think Dash is undervalued? If not, why? Your input will be greatly appreciated. Thanks.
Do you think Dash is undervalued? If not, why? Your input will be greatly appreciated. Thanks.
In comparison to other alts Dash isn't bad for some of the reasons mentioned above. The coins in top 5 are ranking high because people use these coins more than others thus giving it more value. Not many coins are accepted by many stores, and despite Dash trying to be as innovative as it has been unfortunately for some reason it hasn't won investors over
and without investors the coin just can't move. much up the ranks. The best it can do is maintain its value.With regards to Dash being undervalued, I think in the larger picture probably it isn't. There are too many coins out there and for one to stand out by being in top 5 it must be largely backed by investors and lots of people and even larger organisations. For instance, even in the gambling industry dash isn't particularly the coin of choice.