The cryptocurrency market is rich in various assets to invest in. Some of them are well-known among the masses, while others are less so. However, experienced crypto investors recommend composing an investment portfolio from both large and popular coins and less known but promising ones. One of them is DASH. Let’s talk about it today, but first, we would like to give you some recommendations on picking assets.
How to choose a good crypto asset:
- Look for projects with a good reputation and reviews.
- Check out an assets price chart and see how it fluctuates and math the time of large drops with external events that could cause it.
- Check out the trading volume and market capitalisation of a coin.
- See what the underlying technology is and where it is used.
Once you analyze a project on your own, it will become clear whether it is worth buying. Now, we switch to the crypto DASH.
What is DASH, and What is It Used for?
Dash is from those crypto projects enabling efficient, speedy and cheap payments worldwide. The platform operates with fiat currencies and digital assets. Through DASH, users can perform secure and fast money conversion at low fees. Along with that, users receive complete anonymity and decentralization. The DASH platform is managed by users that create masternodes. You can buy this coin on any large crypto platform.
Crypto analysts see a bright future for this project as its application scope is supposed to expand. As of mid-November 2022, one coin DASH costs $33.28. The price declined along with the entire market drop in 2022. Experts believe the DASH coin will reach around $93 in the coming year.
This asset looks attractive; however, before buying it, make sure you know everything about it and realize the risks you take. Look for more information about this coin on the WhiteBIT blog.
