Dash is one of the most undervalued cryptocurrencies in the industry. It is one of the best in terms of valuation and its price is not solely dependent on speculation. Dash currently has a market cap of $447 million and a circulating supply of $9 billion. On 11 April 2014, Dash recorded its all-time low of $0.53. From that point, it has responded to the technological innovation of the team to stage a series of bull runs. The digital asset recorded its all-time high of $1250 on 5 January 2018. The price then recorded a significant fall in response to the market pullback in 2018.
Why Dash is A Must Buy
Aside from the fact that the price of the digital asset easily responds to change, it has made an impressive improvement in terms of adoption rate in Latin America. Cryptocurrency, in general, is very popular in Latin America being used for regular payments or remittances. The Dash wallets in Latin America are up by 410% annually according to research. Columbia, for instance, has recorded a considerable growth of Dash adoption merchants. Most of the merchants use the Dash Retail system in the region. The Dash Columbia is said to receive $14,000 a month from the Dash Treasury.
Recently, Dash entered into a partnership deal with a fiat infrastructure provider, Simplex. This partnership deal will help expand the Dash audience as people will be able to purchase Dash with credit cards. Dash has also announced a partnership deal with Pionex, a Singapore-based cryptocurrency exchange. This will see the exchange listing the digital asset on its platform.
Dash has a lot of partnership deals and technological innovations in the pipeline coupled with its plan to extend its technological advancement in other regions in the future.
From its price analysis, the price of Dash can rise by over 100% in just 24 hours, and vice versa due to the size of its circulating supply. From all the invested efforts, it is more likely that Dash will stage an unsurprising bull-run and should be watched-out by investors.