Post
Topic
Board Altcoin Discussion
Re: Is Dash undervalued?
by
Abiky
on 17/10/2020, 19:10:38 UTC
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  Sad 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.

As an long time investor of DASH, it sucks to see the cryptocurrency experiencing declined interest in the mainstream world. Other cryptocurrency projects are lucky in part because there are many investors pouring money in them. At least, the DASH project is active with a plethora of developers and individuals supporting it every step of the way. What matters is not price, but rather the usability of a Blockchain network. DASH's rock-solid features and long-term stability proves us that it's extremely useful for the world. What I enjoy about DASH the most is its instant transaction confirmation times (using InstantSend) and protection against 51% attacks (using ChainLocks). This could make DASH survive for a very long time. While other coins will continue to rise in price like there's no tomorrow, DASH will continue to grow under the scenes at a slow and steady pace.

All in all, people will truly determine the value of DASH as time goes by. I believe that DASH is worth much more than just double-digits because of the aforementioned reasons. $1k per DASH seems feasible to me. In a crypto world where hype goes above anything else, cryptocurrencies with true usability (like DASH) will often be undervalued while others will gain traction at a fast pace. There's no need to worry about the price per DASH as long as it continues to work as intended. In my eyes, DASH is a hidden gem that's waiting to blossom sometime in the future. Just my thoughts Grin