DASH Price

How does Dash work?

We have already discussed how similar Dash and Bitcoin are, as the coin runs on the same code as BTC. But there are certain differences as well. For example, Dash comes with masternodes, unlike Bitcoin, where all the nodes are equal.

So, how do I become one? By simply holding DASH, specifically one thousand, in a wallet. With Masternodes, you can perform features that regular nodes cannot, as well as receive higher transaction fees. Masternodes also get the option to cast votes on the development of the network. Masternodes.

Apart from that, Dash features two other solutions that make the platform unique from the rest of the altcoins: InstantSend and PrivateSend. But what do these features do? PrivateSend enables the users to ensure that the transactions are secure, untraceable, and anonymous to other users.

InstantSend, on the other hand, makes transactions on the network quicker than a number of cryptos out there. However, users can also get the opportunity to make them instantly with the help of Masternodes.

DASH value history

  • 2014-2017: The DASH price has increased over these three years by more than 7000%, reaching from $0.31 to $22. In 2017, DASH performed phenomenally and crossed the $1500 mark in late 2017. DASH closed the year at around $1051, which is about 40% less than its all-time high price.
  • DASH began to fall in 2018 and reached around 50% below its 2017 price performance. The coin closed the year at around $79. In 2019 and 2020 as well, DASH struggled to surge and bring back its past performance.
  • In 2021, however, the price of Dash managed to gain some traction after a long bearish market and climbed to $440 in mid-2021. Due to the constant volatility in the market, DASH fell more than 70% and closed 2021 at $134.
  • 2022 was a great start for DASH, which resulted in the coin reaching more than $150 in January. However, with the entire crypto market going bearish, DASH's price also suffered and fell below the $100 mark. The coin continued the trend and fell to $31 in late 2022.

Dash price live

While the price history gives a fair idea of the coin’s performance over the years, the question still remains: "How much is one DASH?" The current DASH price is $39.20 as of June 6, 2023, with a market cap of $443,320,613.

What determines Dash price today?

There are many factors that determine the price of DASH today, including supply demand, internal governance, market sentiment, and even political stances, to name a few.

For supply and demand, one needs to consider the transaction cost, reward system, difficulty to mine, and coins in circulation.

The entire crypto market sentiment is another major influence on crypto prices. The market includes certain trends, speculations, and the popularity of DASH.

Regulations regarding crypto are still very different from one country to another. Governments have yet to adopt the best practices to regulate this industry. This makes cryptocurrencies a risky investment and might positively or negatively impact the price, depending on the location.

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