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Is Dash the New Bitcoin?

Updated on February 9, 2018
Guckenberger profile image

Alex has been an investor for years now. He has investments in the stock market, cryptocurrencies, bonds, and the United States Treasury.

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What is Dash?

Dash, like Bitcoin and Ripple, is a digital currency. Like similar crypto-coins, the value of Dash is very volatile. As of the moment that I am writing these words, one Dash coin (DASH) is equal to more than 800 United States dollars (USD). Another perspective would show that one DASH is worth more than .07 Bitcoins (BTC).

Is Dash Here to Stay?

No one can be certain about this. Dash coins have already been around for some years now, so my prediction is that the cryptocurrency will likely be around for at least a few more years. As digital economies are in their infancy, the future of individual coins is unknown. We are witnesses to the continued evolution of the complexity of our societies; without the wisdom of the fates, who can prophesy of days to come?

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The Next Bitcoin?

So, why am I comparing Dash to Bitcoin? First of all, Dash's youth should only serve to help the currency to grow. Bitcoin was new for its time, but there are new and improved competitors arriving at the gates of the arena!

Both coins have also displayed an incredible increase in their respective values. Near the start of 2014, one DASH was roughly priced at one USD. Around mid-December of 2017, DASH peaked to a high of practically 1,500 USD per DASH! Dash coin's drastic jump in value mirrors the same phenomenon which occurred to the Bitcoin's monetary pricing.

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What's to Come Next?

There are many ideas, but a number of intelligent people are holding their tongues on this one. Many new forms of crypto-money are being created and sustained. I personally believe that blockchain is here to stay. In regards to Bitcoin and Dash I'd ask everyone to keep money we can't afford to lose. I don't see investing in the cryptocurrency market as a gamble, so long as individual investors do not treat it as an such an addicting lure.

Do you invest in Dash?

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© 2018 Alexander James Guckenberger

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    • Guckenberger profile image
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      Alexander James Guckenberger 3 months ago from Maryland, United States of America

      I'm just here to report and to inform. :) I only have about $0.40 worth of it myself at the moment! XD

    • DDE profile image

      Devika Primić 3 months ago from Dubrovnik, Croatia

      I haven't invested in any type of currency. Dash sounds an idea but something I wouldn't dive into. Informative and interesting facts here.

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