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.
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.
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.