DASH price steady amid market downturn
DASH has held a steady price of $73.40, reflecting only a small change of 1.27% over the past 24 hours amidst a broader downturn in the cryptocurrency market.
The cryptocurrency market has been going through a rough time, with many tokens experiencing heavy price drops. It is worth taking a closer look at DASH, a cryptocurrency designed to be a more efficient digital cash system than its sensei, bitcoin.
At press time, the price of DASH is $73.40, reflecting a 1.27% change over the past 24 hours. Despite the recent downturn in the cryptocurrency market, DASH’s market capitalization remains at $819,251,064.92, with a year-to-date change of 75.99%.
DASH is the native cryptocurrency for (Digital Cash), an open-source project. Initially focused on preserving privacy for financial transactions, the project rebranded itself to Dash in 2015 and shifted its focus to ease of use in online commerce.
Currently, DASH has established partnerships with over 10,000 online retailers and merchants, and it has also deployed more than 250 ATMs enabled with DASH in various locations across Europe and the Americas.
DASH is an inflationary asset with a supply cap of 18.9 million tokens, and its price history follows a similar pattern to bitcoin due to the strong correlation between the two projects. However, there are some differences.
DASH’s price remains relatively stable during the current downturn in the cryptocurrency market, showing its potential as a cost-effective and efficient digital cash system.
Overall, the current price of DASH reflects the ongoing developments and innovations in the cryptocurrency space and underscores the importance of staying abreast of market trends to make informed investment decisions.