Cryptocurrency has received a lot of news over the past few years, with some calling it the next step in financial evolution and others dismissing it as simply another fad that will blow over once a new exciting product comes around the corner. Regardless of where you might stand, there remain opportunities for the smart investor to grab decent returns and locate new sources of value storage apart from traditional financial securities.
One of the tokens to watch in the cryptocurrency market is Dashcoin, which aims to be a lighter and faster payment transfer than its ancestor coin, Bitcoin. With a growing appetite amongst consumers regarding online commerce, can Dash coin provide a reliable solution?
Quantitative Analysis: Stability with Some Excitement
What’s great about Dash coin’s relative focus as a payment platform is that its price remained relatively stable over the years. At $96.85, the coin has seen a rise in the value of roughly 8% in the last 3 months, with a large jump since its inception pricing of 0.31 cents to the coin.
What this tells us is that there is relative ample demand for the coin as it essentially broke past the penny stage of cryptocurrency lifespan towards a more serious valuation in the market.
Qualitative Analysis: A Key Distribution Plan
Beyond the main valuation of the Dash coin lies its true value as a token: fast and easy transactions. While the price remains volatile like many other cryptocurrency tokens in the market now, the fact that the Dash coin has partnered with thousands of online retailers along with more than 250 Dash-enabled ATMs in the Americas and Europe signals a growing adoption of the coin in the wider market.
For those looking to enter the cryptocurrency market, Dash coin is as good a token like any other, with a potential for further spikes down the road following its increases in valuation. While it might not have the same fame as the other larger coins in the market, its slow acceptance into everyday transactions might spell good news for it down the road.
Note: Please do not invest money or assets in the financial markets that you cannot afford to lose. This article should not be construed to be investment advice and is for information purposes only