Dash (DASH) which used to be the 11th largest coin by market for a long time has now ceded that spot to Tron (TRX) which at the moment in the new darling of the crypto market. Dash (DASH) with its market cap of $3.7 Billion appears to be in need of a small push to take back its spot from Tron (TRX), the present 11th largest coin with a market cap of $4.5 Billion. However, the dynamics of the market have changed significantly over the past few weeks as Tron (TRX) has evolved into more than just another altcoin. It has become a direct Ethereum competitor and looks ready to enter the top 10 list. A thorough analysis of the top 10 coins shows that almost all of them are impressive projects with a lot more potential than Dash (Dash) as of right now.
Just like Bitcoin Cash (BCH) and Litecoin (LTC), Dash (DASH) has the advantage of being an early payment coin with a focus on faster and cheaper transactions. Apart from that, Dash (DASH) does not have much to offer. The coin does have a very loyal fan base though, one that has stuck with Dash (DASH) through its difficult times. According to Dash spokesperson, Amanda Johnson, “The target audience of Dash (DASH) is users who are not interested in cryptocurrencies”. This means that Dash (DASH) is focused on a target audience that will start using Dash (DASH) as a mode of payment rather than speculating on its price and trading it like most traders and investors.
Dash (DASH) has done a very good job at providing a working payment system that is ready to use for sending payments. They also offer InstaSend and PrivateSend features for a more user friendly experience. The price of Dash (DASH) is currently trading close to $474 and appears due for some limited downside short term. The coin has had an impressive surge to an all time high of $1600 which put the coin alongside Bitcoin (BTC) and Ethereum (ETH) on most online exchanges. Dash (DASH) being an old project (started in 2014) and one with a working model unlike most altcoins received early industry recognition and acclaim as a payment service provider and thus was listed on most top exchanges and became available for trading to majority of crypto investors.
Dash (DASH) currently looks due for big movements on DASH/BTC and DASH/ETH charts but whether or not it can reclaim its old position in light of recent market developments is hard to tell. Dash (DASH) was once a true contender for the throne and was a tough competitor of Bitcoin (BTC) but it seems to be quickly losing that position as the crypto market evolves. Plenty of cryptocurrencies now provide fund transfer service with a lot more ease and lesser cost. In fact, lightning network or similar future upgrades to Bitcoin (BTC), Litecoin (LTC) or even Ethereum (ETH) could pose a challenge to the existence of Dash (DASH) but until then, the prospects for Dash (DASH) looks bright as it awaits its next bull run.