Dash Price Prediction: Are Dash’s fundamentals strong enough for it to be a good investment?

Dash is a cryptocurrency on the Dash network — a fork of Litecoin designed to make digital payments fast, easy and cheap. The project was launched in January 2014 and is one of the oldest projects in the space. It was initially called XCash, later renamed as Darkcoin, in 2015 settling for “Dash”, which is short for “digital cash”.

Dash was conceived as a faster and more private alternative to the dominant cryptocurrencies at the time, as it became evident that those coins are not up to the task. As the user base of, for example, Bitcoin grew, so did the transaction times and costs. There are also privacy issues inherent to Bitcoin (or most of its forks) — its transparency means that the entire transaction history is traceable, making Bitcoin non-fungible in many cases — i.e. some bitcoins are “more equal than others”. Dash solves these issues, which are non-conducive to a currency aiming to be an everyday means of payment, using a unique two-tier network architecture. It’s composed of miners and so-called Masternodes, which enables such features as instant transactions, privacy tools, very low fees, etc., which make Dash useful even for small everyday transactions such as buying a cup of coffee. Dash’s team prioritizes partnering with merchants to ensure that as many as possible take Dash as a means of payment. Dash coin is also used inside the network for staking and governance.