dash logo
Dash
DASH
$33.25

Sector

DAO

Exchange Debut

2014-02-14

Market Cap

388,748,131

Maxim Supply

Circulating Supply

11,693,139

Circ. Supply(%)

dash logo

Dash

DASH

Price

$33.25

Market Cap

Sector

Exchange Debut

388,748,131
2014-02-14

Volume 24h

High 24h

Low 24h

42610569
33.766714605964
31.240788352029

Change 24h

Change 7d

Change 30d

0.4742
14.0152
22.1679

Maxim supply

Circulating supply

Circulating supply(%)

11,693,139

The opinion of artificial intelligence (AI), based on the fundamental analysis of the Dash-DASH cryptocurrency:

 

Dash, a digital currency project, epitomizes a decentralized payment system with its roots in the open-source blockchain realm. Launched as a Litecoin fork in 2014, Dash stands out for its fast, cost-effective global transactions, heightened privacy, and a unique two-tier network incorporating masternodes. Its innovations, including InstantSend, ChainLocks, and PrivateSend, further augment its appeal. With a comprehensive fundamental analysis of the Dash – DASH cryptocurrency revealing a final score of 7.7 out of 10, it reflects a solid balance of technological innovation, community engagement, and security measures.

SOCIAL & MASS MEDIA: Score 6.7 out of 10

Dash’s performance in social and media engagement is a mixed bag. Its excellence in attracting followers and media presence, scoring a perfect 10, contrasts with its modest community activity on social media pages and the size of chat group communities. This dichotomy suggests a strong brand presence but highlights potential areas for community engagement enhancement.

AUDIT & SECURITY: Score 4.5 out of 10

In terms of audit and security, Dash scores moderately. While it shows commendable transparency and liquidity on exchanges, the lower audit results indicate room for improvement in ensuring robust security measures and building trust within the crypto community.

TOKENOMICS: Score 8.15 out of 10

Dash’s token economy is strong, evidenced by its high decentralization and controlled inflation. These aspects signify a well-thought-out economic framework, ensuring long-term sustainability and investor confidence in the Dash ecosystem.

ECOSYSTEM DEVELOPMENT: Score 8.72 out of 10

The project shows significant progress in achieving its objectives and introducing new developments. This score reflects Dash’s commitment to continuous improvement and adaptation in the fast-evolving cryptocurrency landscape.

TEAM & DEVELOPERS: Score 8.8 out of 10

The Dash team, with its rich experience and a robust number of software developers, stands out as one of its strongest assets. This high score indicates a capable and resourceful team driving the project forward.

PRODUCT & UTILITY: Score 8.6 out of 10

Dash excels in the utility of its product and tokens within its ecosystem. Its features like InstantSend and PrivateSend not only add value to the user experience but also enhance the overall utility of the Dash tokens.

PARTNERS & INVESTORS: Score 6.75 out of 10

While Dash has a decent number of partners and investors, there’s a scope for improvement in both quantity and quality. Enhancing these relationships could further bolster the project’s market position.

Fundamental analysis of the Dash-DASH cryptocurrency – The final conclusion

In concluding the fundamental analysis of the Dash – DASH cryptocurrency, we observe a project with solid technological foundations, a competent team, and a well-structured token economy. However, areas such as community engagement, security, and expanding partnerships need attention. The overall score of 7.7 out of 10 indicates a promising investment opportunity with a moderate risk profile. Dash’s continued development and response to identified weaknesses will be crucial in defining its future trajectory in the competitive cryptocurrency market.

What is Dash?

 

Dash is a decentralized cryptocurrency, emerging as an open-source blockchain project with a focus on enabling fast, cheap, and global payment solutions. It was conceived to enhance Bitcoin’s model by offering improved privacy and quicker transaction capabilities. Initially named XCoin, it evolved from a fork of Litecoin in January 2014 and underwent several rebrandings, finally adopting the name Dash, short for “digital cash,” in March 2015.

Foundational Technology and Unique Features

Dash is recognized for its distinctive two-tier network structure. This includes incentivized nodes, known as masternodes, which play a critical role in network functions like InstantSend for swift transactions, PrivateSend for optional transaction privacy, and ChainLocks, ensuring immediate immutability of the blockchain. These features underscore Dash’s commitment to security and user privacy. The network’s masternodes are pivotal, not only for maintaining security but also in governing the project’s proposal system.

Founders and Development

Software developers Evan Duffield and Kyle Hagan are credited as Dash’s founders. Duffield, with a background in finance and public relations, initially aimed to augment Bitcoin’s anonymity, leading to the birth of Dash. His role extended to leading Dash Core Group until 2017, a group instrumental in supporting Dash’s development and integration. Hagan, co-authoring the original Darkcoin whitepaper, parted ways with the project early on.

Governance and Circulation

Dash’s governance model is noteworthy, where a portion of block rewards fund project development in a competitive and decentralized manner. This facilitates the growth of several funded organizations, including Dash Core Group and Dash Foundation. The currency’s circulation and network security are maintained through a unique two-tiered model. The first tier operates on a proof-of-work consensus, using the X11 algorithm developed by Duffield, while the second tier, comprising masternodes, functions under a proof-of-service consensus, enhancing the network’s resilience against attacks.

Fundamental analysis of the Dash-DASH cryptocurrency

Dash - DASH performance

GENERAL CRITERIA:

Score

SOCIAL & MASS MEDIA
0
AUDIT & SECURITY
0
TOKENOMICS
0
ECOSYSTEM DEVELOPMENT
0
TEAM & DEVELOPERS
0
PRODUCT & UTILITY
0
PARTNERS & INVESTORS
0
Content description – Go to Metholodogy

Social & Mass Media In this section was taken into consideration the intensity of the activity of the social media page of the administrators , the speed of the community growth, the user interaction with the pages and as well the number of media appearances in the most important trade publications.

Audit & Security In particular, the team looks if the project is audited, how extensive the audit is,  at the bug bounty program, if it had incidents or not, at the liquidity on the exchanges and at the transparency of the information provided.

Tokenomics Under this criterion it is analyzed whether the project is inflationary or not, whether it has maximum supply, the percentage of supply released into the market at the time of the analysis, the rate of inflation per year, the distribution of supply in the portfolios as well as the vesting plan.

Ecosistem Development In this section is checked if the project has delivered on time what it proposed in the roadmap, the degree of participation in the project governance of the community, the activity and intensity of the developments published on github and what products or applications the team proposes to develop in the future.

Team & Developers It checks if the team is public, the quality of the team behind the project, the number of members on different domains, the experience in IT, finance and cryptography, the traceability of published information about team members and as well the number of developers in the project.

Product & Utility It checks if there are functional products, the number of users and the revenues generated by these products, the sustainability of the project and the usefulness offered in the cryptographic space and as well as in other fields of activity.

Partners & Investors It analyzes the partners and the degree of their involvement in the project, the capacity of investors and investment funds that can contribute substantially to the development of the ecosystem.

Go to Methodology

Content description

Social & Mass Media In this section was taken into consideration the intensity of the activity of the social media page of the administrators , the speed of the community growth, the user interaction with the pages and as well the number of media appearances in the most important trade publications.

Audit & Security In particular, the team looks if the project is audited, how extensive the audit is,  at the bug bounty program, if it had incidents or not, at the liquidity on the exchanges and at the transparency of the information provided.

Tokenomics Under this criterion it is analyzed whether the project is inflationary or not, whether it has maximum supply, the percentage of supply released into the market at the time of the analysis, the rate of inflation per year, the distribution of supply in the portfolios as well as the vesting plan.

Ecosistem Development In this section is checked if the project has delivered on time what it proposed in the roadmap, the degree of participation in the project governance of the community, the activity and intensity of the developments published on github and what products or applications the team proposes to develop in the future.

Team & Developers It checks if the team is public, the quality of the team behind the project, the number of members on different domains, the experience in IT, finance and cryptography, the traceability of published information about team members and as well the number of developers in the project.

Product & Utility It checks if there are functional products, the number of users and the revenues generated by these products, the sustainability of the project and the usefulness offered in the cryptographic space and as well as in other fields of activity.

Partners & Investors It analyzes the partners and the degree of their involvement in the project, the capacity of investors and investment funds that can contribute substantially to the development of the ecosystem.

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