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Why is the price of Dash so high?

For crypto-currency users, Dash is no stranger anymore. But people who are new to the world of digital money may wonder what Dash is. Let’s review a little Dash history. Dash was originally named Xcoin. Xcoin was launched in January 2014. Xcoin was not so popular as Bitcoin. The founder of Xcoin was Evan Duffield. Xcoin was a fork of the Bitcoin protocol. Xcoin changed its name to Darkcoin. Darkcoin was used for the black market. However, in March 2015 Darkcoin changed its name to DASH which is a portmanteau of “Digital Cash”.

In 2017 Evan Duffield and Dash developers started getting support from Arizona State University. It started from this place where Dash got help with scaling, security, and other things. From the coin made only as a means of privacy, it finally become a project that has more value than other Bitcoin forks.

Why do Dash prices tend to be stable?

The Dash blockchain network uses two node types. A mining network like Bitcoin and the Masternode network. With Dash network, Chainlock technology will mitigate or reduce the risk of failure when getting an 51% attack. Someone to commit a counterfeit transaction or attack on the Dash network must attack two networks at once and requires a huge number of Dash. This process will make Dash’s price go up the market. Therefore to perform an attack on the Dash network requires a very large cost because it should take a very large number of existing Dash on the market.

Dash Price fluctuation since 2014

A Dash lifetime price chart

Dash’s price in the first year is very low. The lowest price noted on Coinmarketcap is 0.21 USD on February 14, 2014. Dash’s highest price is 1642.2 USD on December 20, 2017. The current price on July 30, 2020 is 81.74 USD. According to the calculations of Coinmarketcap price increase if an investor bought Dash in 2014 is 9000%. In January 2019 the Dash price range is 70 – 90 USD. In mid-2020 the Dash price is still stable at that range. This shows the tendency price of the dash is more stable nowadays.

Investment opportunities on the Dash

Dash is a coin that has applied some technology in crypto currency namely Masternode, Chainlocks, Instantsend, and Long-living Masternode quorums (LLMQs).

The Masternode on Dash is the second stage after mining in the Dash network. In addition to being run by miners, the Masternode network provides double security on the Dash network.

Chainlocks is a technology on Dash that serves to prevent multiple transactions and attack 51% attack on the Dash network.

Instantsend is a transaction that’s instantly confirmed on Dash. The transaction speed on Dash reaches 2 seconds of transaction.

LLMQs are tasked with signing messages on the InstantSend and Chainlocks features. A quorum is a group of masternodes that agree on a message. This Quorum will detect the beginning of any transaction abnormalities occurring in the Dash network.

Because of the many technological features that Dash has and its longevity, Dash is a very safe and attractive crypto currency for investors.

Dash has an established community

Lots of exchanges and merchants accept Dash.

Dash is not a new coin. The Dash community is vast and some big merchants have already received Dash as an official payment. Many developers are active on this network. In addition, Dash market is also very wide. Dozens of exchanges offer Dash trading pairs. The community of a crypto currency is an asset. A crypto currency without an established community will not be as valuable.

Here are some retailers and merchants who accept payments with Dash

  • Bitrefill is a merchant of giftcard and phone and electricity bills that serve more than 170 countries. My home country of Indonesia is also on the Bitfrefill list.
  • CheapAir is a flight and hotel ticket sales site that accepts Dash.
  • Discover Dash is a site to get information about retailers that accept Dash payments.

Dash debit cards

In addition to merchants and retailers, Dash is also available in several debit card providers including:

Spend is supported by Visa cards, which accept payments of more than 40 countries.

Bitsa IS an ATM card that can be converted and withdraw cash to the local currency.

Dash wallets

There are several Dash wallets that can be used from web wallets, PC wallets and second or third party providers. A wallet I prefer is the MyDashWallet web wallet. Here the security is also with a seed phrase and password.

To view a full list of wallets visit the following link https://docs.dash.org/en/stable/wallets/index.html

Conclusion

Dash is a coin that is safe and has a good future because it is supported by a vast community.

For the Indonesian community, you can trade dash on Indodax. https://indodax.com/market/DASHIDR

The Dash price there is currently in the 1,170,000 Rupiah range. The price is quite high for a coin, now you know why!


Dash Nation is always on the lookout for new writing and blogging talent. If you would like to share your skills with the movement towards financial freedom through Dash, contact the team at go.dashnation@gmail.com.

Christopher Carruthers Interview with the Cryptonomist

Dash Nation founder Christopher Carruthers recently appeared in an article on the Cryptonomist. He talked about the benefits of Dash, the creation and vision of Dash Nation, and the initiative to help the people of Venezuela with Dash.

Please enjoy!


Rebooting the Dash Nation Social Media Squad

For those of you that can remember, Dash Nation on Discord used to have a social media squad called “The Pink Panthers“. The members of this group were tasked with sharing major articles and releases with their friends or followers on social media. It was a pseudo-paid position with rain offered from time to time in the #social-media-squad channel.

As part of the sort-of abandonment of the Dash Nation on Discord server over the past year, this group went largely ignored as well.

Dash Nation’s making a comeback

Those of you who are paying attention will know that the Dash Nation movement has now been rebooted in a big way. For more details, see this link. We know that this movement has support among those who share Blue Hearts‘ values of inclusiveness, respect, positivity and hard work. We know that this formula works, we see it with sports teams all around the world.

Dash Nation visual identity and tagline.

So where does that leave the social media squad?

Well, this initiative is being rebooted as well with some differences. Here is how the new initiative will work.

  • Important announcements, videos, articles, and posts that deserve to get maximum exposure will be posted in the #social-media-squad channel on Discord.
  • Mods are the only ones allowed to post in this channel, so only the cream of the sharing crop will appear there.
  • If you see a post there, please share it, because it’s awesome!

We are looking for volunteers who don’t mind being specifically pinged when there is something great to share with their social media circle. You will receive a @SocialMediaSquad badge and be displayed in a separate category on the right as a recognition.

social media
Dash Nation has a presence on all major social media platforms.

There is no expectation for you to do anything when you get a ping, but if you could help out, that would be great.

Will you help us? Will you become a Social Media Squad team member? If so, let a mod know or post in #dash-talk and we will hook you up with your badge.

And if you’re not already on Dash Nation on Discord, what are you waiting for? It’s a friendly place that wants to help promote Dash to the world, and we could use your help! Join today by following the button link.


For more Dash Nation opportunities, please visit our opportunities page.

About the Dash Queen Beauty Contest

Dash Queen is a monthly beauty contest created for empowering women.
With no age limit over 18, and women from all over the world, this contest shows the beauty that is in women who find solutions using this cryptocurrency.

What is interesting is that you can get more people knowing about Dash by voting/ Dash tipping for any contestant that you might want to support. As long as people get to know and participate, they become a part of the ecosystem while learning about Dash usage and find out their assets. Which is perfect!

An interesting Dash use case

In countries like Venezuela, dealing with economic hyperinflation and service failures in most cities Dash has become the real solution, as a decentralized model of exchange between countries, common people, entrepreneurs, enterprises, and more.

Participating in Dash Queen is very easy, you just need to have a Dash wallet downloaded on your phone, and also download the Dash Queen app that can currently only be found on Android systems.

To register:

  • Submit a profile only if you are over 18 to assure you own your pictures.
  • Go to your Dash wallet and click on receive so that the code will
    display, press on it to copy, and go back to your Dash Queen app.
  • Paste your Dash wallet address code then adds the QR code that
    appears on your Dash wallet address to your picture and completes
    your information.

After this, you will get a welcome message by the team once they verify your data and publish it. That’s it!

Opportunity to earn quite a bit of Dash

The dynamic of this is that every month there will be one contestant to be
the first with most votes. If you’re the winner, you´ll be the image of that month on a Dash Calendar, which will be sold worldwide later on.
All the profit made on this calendar will be distributed on each winner of the year. Dash Queen has no intermediary between the voters and contestants, so they receive tips immediately from voters worldwide.

A Dash Queen contest submission by Claudia Cerrada

In Venezuela, is within our cells to get excited to participate or support women in beauty contests, so it’s not surprising that the first contestants
that applied are Venezuelan. In this case, Claudia Cerrada
(@claudiavalentina) which is one of the contestants spoke about her
experience with Dash Queen. She said:

“Is so easy to participate, I took my picture with a sign written “Dash Queen” to give it a try and was amazed by seeing how my votes started to increase from day one so I was able to use my DASH tips very fast and loved to spend them on something I wanted at @bohostore.ve. It was like being gifted by this nice community”.

Also, she spoke about what motivates her:

“If I get to win I can represent Dash in many ways so that makes me happy.”

A makeup set bought with Dash earned from the Dash Queen voters

A Dash economy is developing in Venezuela

It is important to mention that BohoStore.ve is part of around 274
businesses on the Piido app that adopted Dash as an alternative to receive/send payments and avoid all the difficulties that Venezuelans go through. Its owners and employees had been trained and supported by
the Dash Mall and Parking team within 2020.

This shows the effectiveness of this altcoin to assure financial transactions and the massive work this team has put into practice. But it also proves there is still much more to come. The simple experience of @claudiavalentina being able to earn Dash on Dash Queen and spend them at @bohostore.ve conquers a perfect Dash cycle.  And we know there is plenty of female talent supporting Dash, so there is much more intelligence and grace for DASH to come!


Dash Nation is looking for writers/bloggers to contribute to the Dash Nation literary experience! If interested, please email the team at go.dashnation@gmail.com.