Dash is a decentralized cryptocurrency based on blockchain technology. Dash is issued as result of mining.
In 2012, programmer Evan Duffield suggested several ways to improve anonymity of transactions to bitcoin developers. Being refused he proceeded to create his own cryptocurrency, in which he could implement his conception. This way Xcoin appeared on February 14, 2014. Less than in a month it was renamed as Darkcoin. The currency is called Dash since March 25, 2015.
The members of Dash development team are highly qualified and they set themself ambitious goals, the main one of which is to provide actual competition to Bitcoin. Technologically, most cryptocurrencies work similarly to Bitcoin. They differ in name, design, advertising campaign. Dash differs from Bitcoin by algorithms.
Before payments electronic cash is splitted and mixed up in Your wallet with help of special servers called Masternodes. When You need to pay the system takes several pieces of Dash coin value as if they were metal coins or paper banknotes. This method provides an increased level of anonymity. No one will track transaction by amount.
Use of special equipment for dash mining is unreasonable due to the hash-coding mechanism. Mining requires about 30% less electricity than that with the scrypt algorithm.
InstantSend service enables transactions with cryptocurrency without waiting for confirmation from the network.
The described technological characteristics make Dash not only attractive for investment, but also payment-friendly. The currency is accepted in different countries of the world. It is particularly popular in Central and Western Europe, and also in the USA.
Dash regularly enters the top ten cryptocurrencies by market capitalization. However due to the poor profitability of mining with special equipment the currency expectedly loses its positions by capitalization.
Dash coin price in USD
The first Dash was mined on February 14, 2014. On day of launch 1 Dash could be bought at a price of 0.21 USD. New cryptocurrency drew attention of investors, and in less than a week it was trading above 1 USD. Dash currency price was in corridor from 0.49 to 2 USD until April 2014. In May 2014, the currency grew rapidly and the price broke through the level of 15 USD, but it dropped to 1.5 USD by September of the same year.
In 2015, Dash coin price fluctuated in the range from 1.18 to about 3 USD. In March, it tested mark of 5 USD. Price increase began in December 2015 and continued until mid-August 2016. That time price for Dash reached 14 USD. In September-November, the price corrected to 8.40 USD. 2017 began with a moderate price growth that continued throughout the year with small retracements. In March, Dash exceeded 100 USD. In June, it tested for the first time 200 USD. In August – 300 USD. The growth quickened in November, and by the end of month Dash was trading at 770 USD. The maximum price in December on MarketCap exceeded 1600 USD. After correction in the last week of the year 2017 to around 950 USD, Dash started 2018 with solid growth. Dash current price is about 1100 USD. The long-term trend of Dash to USD is up-going. However, in January 2018, Dash charts show reversal pattern. In short or even medium term, the price of Dash can go down.
Dash coin price in Bitcoin
Dash shows more volatility to Bitcoin than to US Dollar. At its start a Dash was traded at 0.00034 BTC. After about 3 months Dash crypto price reached 0.025 BTC. Until March 2017, it was trading in range from 0.0036 to 0.0253 BTC. In the mid-March of the same year the price of Dash rose sharply to 0.1048 BTC. Having formed a double top, Dash dropped in early April to 0.05 BTC. Since then, it is traded in the price range from 0.0376 to 0.0936 BTC with high volatility until now. The long-term trend of Dash to Bitcoin since March 2017 is downward.
Price Table for Dash
There are major peak values of Dash price in the table below. Time period is from its launch until now.
|Price in USD||Price in BTC|
|February 14, 2014||0,21||0,00034|
|May 26, 2014||14,49||0,0247|
|August 20, 2014||3,76||0,0074|
|March 26, 2015||5,26||0,0215|
|December 1, 2015||2,08||0,0057|
|August 16, 2016||12,74||0,0224|
|December 22, 2016||9,80||0,0116|
|March 20, 2017||109,16||0,1049|
|November 6, 2017||278,21||0,0376|
|December 20, 2017||1603,15||0,0956|
|January 8, 2018||1106,50||0,0727|