Now many people have begun to follow closely the dash to btc calculator. As Bitcoin approaches its historical high, investors are thinking about diversifying their portfolios. The Dash cryptocurrency looks like a good candidate for this.
This coin had a rather difficult history though. You may remember December 2017, when the Dash rate passed $1,500 and then suddenly collapsed to $40, which was a record 98% drop in the crypto industry. As a matter of fact, only a few cryptocurrencies are recovering from such fluctuations.
Many are confused by the Dash coin reputation. The fact is that this cryptocurrency was developed as completely anonymous, so it was actively used on DarkNet. But despite all the negative moments in the past, Dash has not disappeared, the project is actively developing and has every chance to recover its historical maximum.
Good beginning of 2020
The year 2020 started pretty well for Dash cryptocurrency. According to the Dash Core Group financial report, the number of commercial payments using the Dash cryptocurrency increased by 104% in the first quarter of this year compared to the previous period. The medial number of daily commercial payments using Dash exceeded 17,000 between January and March 2020.
Representatives of the Dash Core Group announced that such success is straightly related to a number of partnerships concluded in Latin America. Burger King in Venezuela became one of the key ones among them. Due to an agreement with the processing service Cryptobuyer, residents of this country now have the opportunity to pay with digital currencies on the Burger King network.
Although Dash’s success isn’t limited to Venezuela. In early 2020, over 2.5 million Brazilian merchants who use ATAR Pay and similar services were able to accept this cryptocurrency as payment.
Dash rate impact on the number of transactions
The number of active Dash mobile wallets has also increased by 21%. The growth was 214% compared with the first quarter of 2019. Besides, the recovery of the Dash rate also began in the first quarter of 2020. In the first three months, the rate of this cryptocurrency increased by 60%. This is the best result since the bull market in December 2017 – January 2018. Many analysts are confident that the number of commercial payments has also increased due to the rate`s growth. Check out the Top 5 rates for Dash Cryptocurrency, and you will see that they were during the past bull market and now. Given that the coin rate is now about $90, it still has huge growth potential.
Another drop and recovery
After a rapid growth at the beginning of the year, the Dash cryptocurrency rate rolled back again. The coin lost ⅔ of its value falling from $125 to $42. As of December 2020, Dash has recovered its position and now it is trading at $90. This rate is still very attractive for purchase.
Dash public blockchain
Anonymity used to be the main feature of the Dash cryptocurrency. Some appreciated this while many were extremely cautious. The matter is that regulators usually treat such digital coins badly. Still, in 2020, Dash Core Group officials said Dash should no longer be perceived as one of the privacy-focused digital coins. From now on, it is a convenient means of payment. Now the Dash blockchain is public and no different from Bitcoin.
It is clear from the foregoing that the success of the Dash cryptocurrency is a good sign of the further growth of its rate. If Bitcoin investors start to profit, they will look for other cryptocurrencies, and Dash is a great option.