DASH (Dashcoin) Coin Analysis 26/03/2022Fundamental Analysis:
Dash is an open-source blockchain and cryptocurrency focused on offering a fast, cheap global payments network that is decentralized in nature. According to the project's white paper, Dash seeks to improve upon Bitcoin (BTC) by providing stronger privacy and faster transactions.
Dash, whose name comes from "digital cash," was launched in January 2014 as a fork of Litecoin (LTC). Since going live, Dash has grown to include features such as a two-tier network with incentivized nodes, including "masternodes," and decentralized project governance; InstantSend, which allows for instantly settled payments; ChainLocks, which makes the Dash blockchain instantly immutable; and PrivateSend, which offers additional optional privacy for transactions.
According to its website, the goal of Dash is "to be the most user-friendly and scalable payments-focused cryptocurrency in the world." To accomplish this, the project relies on a network of masternodes, which are servers backed by collateral held in Dash that are designed to provide advanced services securely and governance over Dash's proposal system. In exchange for part of the block rewards, masternodes provide a second layer of services to the network. They facilitate functions such as InstantSend, PrivateSend and ChainLocks.
Dash is marketed to both individual users and institutions, including merchants, financial services, traders and those who need to send international remittances. In October 2020, Dash Core Group reported that its strategic objectives moving forward include building its ecosystem and brand, ensuring that users are satisfied and further advancing the technology behind the network.
Dash's governance system, or treasury, distributes 10% of the block rewards for the development of the project in a competitive and decentralized way. This has allowed the creation of many funded organizations, including Dash Core Group. In addition, the Dash Foundation, which advocates for the adoption of the cryptocurrency, receives donations and offers paid individual and institutional memberships.
Dash uses a two-tier network to secure its transactions. The first tier consists of nodes that carry out mining operations under a proof-of-work consensus protocol, meaning that they compete to solve complex cryptographic problems and at least 51% of nodes must approve a transaction for it to be added to the blockchain.
The PoW algorithm used by Dash is called "X11" — a custom hashing algorithm developed by Dash founder Duffield that uses a sequence of 11 hashing algorithms. According to Dash's documentation, X11 is "one of the safest and more sophisticated cryptographic hashes in use by modern cryptocurrencies."
The second tier consists of masternodes operating under a proof-of-service consensus algorithm in which masternodes are rated based on their history of providing good services to the network. Masternodes oversee the network and have the power to reject new blocks added by nodes if they were approved improperly. They also enable Dash's ChainLocks feature, which increases security because every 12 hours, a rotating group of masternodes observe and confirm all new blocks added to the blockchain. Dash's developers have stated that this protects the network against 51% attacks.
Dash was founded by software developers Evan Duffield and Kyle Hagan. The project was originally called XCoin, changing its name to Darkcoin two weeks later before rebranding again to Dash in March 2015 in an effort to positively change its image.
Before launching Dash, Duffield was a software developer with experience in finance, from his time working at Hawk Financial Group, as well as in public relations, having developed machine learning algorithms and search engines. He first conceived of Dash in 2012 as a way to add more anonymity to Bitcoin — hence, originally calling it Darkcoin. Duffield has claimed that he started it as a hobby, coding it in just one weekend. Duffield served as CEO of Dash Core Group — the company that supports the continued development, integrations and other activities of Dash — until December 2017 when he stepped down to focus on other strategic initiatives.
Hagan co-authored the original Darkcoin whitepaper alongside Duffield. However, he left the project early on in December 2014.
The maximum number of Dash tokens that can be issued is 18,921,005. However, this figure ultimately depends on how the governance decides to allocate the 10% of block rewards reserved for budget proposals. If none were ever allocated, only 17,742,696 DASH would ever be emitted. New Dash tokens are created through a proof-of-work mining algorithm in which the token emission rate is decreased by one-fourteenth, or approximately 7%, every 210,240 blocks, or about every 383 days.
Approximately 45% of new DASH is awarded to miners, 45% to masternodes and 10% to fund future proposals. In August 2020, a proposal was approved that will, once in effect, change the ratio of coins awarded to miners and masternodes from 50/50 to 40/60, respectively.
Within the first 48 hours of Dash's launch, approximately 2 million coins were mined, which significantly exceeded the planned emission schedule. Dash was originally forked from Litecoin, which suffered a similar issue at its launch due to a bug in its difficulty adjustment algorithm. While it is well-documented that Dash inherited the bug from Litecoin, there has, nonetheless, been widespread speculation about whether the resulting fastmine was intentional to benefit early miners.
The current CoinMarketCap ranking is #72, with a live market cap of $1,378,795,303 USD. It has a circulating supply of 10,641,166 DASH coins and a max. supply of 18,900,000 DASH coins.
Technical Analysis:
As you can see the Price Value has fallen to 85% of its All Time High and it seems to be very Discounted and Undervalued at the moment and it can be considered as a good investment opportunity.
The flow of Smart Money at this moment is very obvious as this asset is at the Accumulation phase currently and can Blast to the higher levels post its Accumulation.
There exist a Bullish Divergence of Price and MACD which can be interpreted as the Bearish Trend Reversal and beginning of the new Bullish trend and new cycle.
We have defined the Total of 3 Targets using the Fibonacci Trend Base Extension levels, which can forecast the Hight of the upcoming cycle,
The 3 TP gets confirmed as the Price Triggers the 2 TP followed by some Price Correction.
Darkcoin
dash darkcoin $dash #btctaking a good look at our old friend dash. Its been a while.
Funny how some of the old trendline and horizontals still match up. Why chart polo? Cause it has a history.
Binance on right tho? Yah, I want to see how the vol and vpro looks.
There are some more bullish charts, bunch of them, bnb, ltc, few more popping but things like fet and celr or whatever they are shilling on twitter now, its hard to buy the top end, let alone a breakout trade, on alts. I prefer the type of buy Ive shown here.
You can play with the stop, im not sure about those 2 wicks there and how far youd like it to run down, and some of this does depend on btcusd running the show, though dash had a 7% reward reduction recently, its nothing like the halvening running the ltc pump.
Anyway, as usual comments and feedback always welcome.
If you like to make charts, and trade btcusd and alts, do message me, always like discussing markets and outlooks.
BTC-DASH Dash -Alt Coin Analysis - Point SystemAlt Coin Analysis - Points out of 10
Date : Since 2014 ( 8 / 10 )
Volume 24 H : 22000 BTC ( 8/ 10 )
Available Markets* ( 9 / 10 )
Social Media Rate ( 7 / 10 )
Ranks **13 ( 8 / 10 )
Website ( 8 / 10 )
Type private, untraceable cryptocurrency - Dark Coin
Overall ( 7 /10 )
Dash is worth watching closely, the RSI is oversold.
Dash started 2017 with a price as low as $10.40 and went all the way up to $1,596.73. Great job!! Now, it is around $155 .
You had a change to get a Dash masternote for around $10000 in 2017!!! Masternodes helped a lot to pump this coin.
I am not buying it here but I will buy a hugeeeeee bag of Dash if I catch around 0.01 BTC level!My dream will come true.
* Considering top 10 crypto exchanges
** Top 100 coins on coin market cap get 10 points
DASH: Holding, watch out for the long term uptrend time exp.$DASH shows to be in a longer term uptrend, as well as a weekly one. The current target in the weekly sits above 268usd give or take. This trend's duration, appears to roughly match the end of the long term signal, which could indicate a correction or consolidation might start in this cryptocurrency's price chart.
I'm holding longs, after buying 2 weeks ago, aiming to ride the rally over $200 before closing.
If you're long, hold, but be wary of the time and price targets, for they could become a short term or intermediate term top.
Best of luck,
Ivan Labrie.
ZEC/DASH+XMR: Probably good to swap your XMR and DASH for ZECLooks like a turning point here in the ratio chart of these coins pitted against ZEC. ZECEUR and ZECXBT hit a huge support level which is an ideal long entry, so, if interested in riding the potential uptrend continuation play in it, consider taking at least partial profits from any holdings in DASH or XMR that you may have, to invest in ZEC. It is relatively stronger now, and also cheaper, so, it might catch up to these two other similar assets.
Cheers,
Ivan Labrie.
¿DASH SHORT?First i want to talk you a bit about DASH.
Dash was first born a XCoin. XCoin is a "for profit" project started by Evan Duffield, that was looking for help at the end of december 2013 .
After some problems with launch (lack of windows builds, some unexpected bugs etc) Xcoin is finally launched without anyone knowing what was going to make XCoin different to any other coin. At the launch moment only that it was a Bitcoin code clone was known.
And moreover, Evan said they were not launching in the next hours and then he did launch a couple hours later.
Two hours after launch, Evan offers 5000 XCoins for the windows binaries . Even if Evan was the only miner, 5000 tokens shouldn't haven't been mined yet. And still Evan "didn't find" anything wrong.
Everyone was noticing the huge rewards per block , but Evan "wasn't".
In the first hour, 500k tokens were mined. In the first 8 hours, 1.5M tokens were mined. In the first 3 days, 2M tokens were mined.
This happened due to a problem with difficulty readjustment, that only happened each 60 min and only allowed to be increased by 4. Also there was a problem with block rewards, that shouldn't had been so big.
Issue was allegedly noticed and solved in block 4502 .
2121552 coins had been mined in 31 hours. You can check it in any block explorer, just go backwards from block 4501 .
Evan could have solved this with a fair relaunch, a reverse stock split or by keeping the same scheudle and just make the coin supply bigger.
Still he decided to restore to originally planned settings for newcomer while keeping for him and his friends the clear advantage of having mined 500k coins ( 7% of the coins available today 13/03/2017 ) in the first hour, and up to 1.5M ( 21% of the coins available today 13/03/2017 in the next three.
It is obvious that even if not planned, this coins ended up in Evan's colleagues pockets, as it was a ninja launch with no windows builds.
And only then, once the emission issue was solved, Evan made public his plans for Xcoin .
One week later Xcoin was rebranded to DarkCoin, probably to try to disconnect the project from the ninja launch and the huge instamine that could even considered a classic premine. Though Evan knows the proofs are out there, so he doesn't deny that the premine actually happened. Read here about his thoughts about the premine.
So let's say Evan and colleagues pocketed about 1M coins in this madness.
Then they came out with their innovation: masternodes. Masternodes are stakeholders of DASH that lock 1000 DASH in order to have a vote in the "DASH democracy". This masternodes also provide of services to the network, besides governance: InstantSend (a function to get a confirmed transaction in just 1 or 2 seconds) and PrivateSend (basically a CoinJoin feature to obscure the track of your coins). For all these services, masternodes are rewarded with 45% of mining rewards.
Then used this 1M coins to setup 1000 masternodes, and then collect a nice cut of the 45% of mining rewards that masternodes get. They basically hoarded most of the DASH supply.
Currently there are 4200 masternodes locking 4.2M coins out of 7.1M coins.
This explains the illiquidity in DASH markets and the HUGE lending fees in the lending markets.
The illiquidity combined with the high lending fees make of DASH a market easy to be pumped.
Time for DASH breakout? Sign of bigger things to come?
How about 0.1 ratio against BTC if anything negative comes out of 11th March with regards to the Bitcoin ETF?
DASH may not necessarily gain in value (market cap, price against USD), but rather its BTC that's falling that pushes up the relative value of DASH/BTC..
DashCan you find all the bullish patterns and reversals on the chart?
Ive been in this for a while, and have been shilling to friends for, i dunno, maybe a couple weeks.
Ive always liked dash.... yes i know it doesnt have as good anon as xmr and zec. At least dash had a gui and instant send for a while, and governed funding ideas (yah i know the instamine).
Fundamentally if dash can get its evolution working well, I do see a breakout of 023, up to 06x+ or so in the mid term, maybe a couple months or so. Imagine one nice GUI with a friends list, instant payments, anon payments, and a Dash drive, all with your encrypted files on it, all in one place. Sounds too good to be true. Plus, the masternode network for submitting proposals. My bags are full and ive shilled enough. Good luck. Please sideways or down btc to make this a reality.
Dash descending triangle apex?Watching Dash. If it won't go now with bigger downward move below 0.0187, descending triangle will end up next ~2 weeks. What's next? I have no idea, I'm neutral od Dash now and I recommend to wait. 200ema on 4h acting now like support (or should act as a support like before). Good luck.