Will $DASH Hit $1,000?

This coin is no newcomer. Launched in 2014, the Dash cryptocurrency was originally known as Xcoin. After rebranding to Darkcoin, it adopted its current name, Dash, in March 2015.

This crypto token started off below a dollar and rose to a staggering $1,550 in 2017, thanks to its unique features. It may have seemed to be experiencing a bit of a slump as it transitioned from a privacy coin to a direct payment method, but many experts expect it to boom again soon.

As of 2020, Dash developers are working on becoming a medium for everyday transactions as a digital currency that can be used as cash, credit card, or via PayPal.

How Dash Works

Dash uses a different transaction processing system. Dash is managed by a subset of its users, who are called “masternodes.” Masternodes simplify transaction verification and approval. All masternodes have an initial deposit that is equal to 1000 DASH in their systems.

Dash Price

Currently, Dash is 95% below its 2017 high, indicating a significant drop but potentially signaling an undervalued asset that could offer investment opportunities.

DASH is a Volcano and if it erupts completely, it could be worth more than ETH.