When the crypto market drops and lives through its bear trend, many people consider buying crypto assets and holding them until the trend changes in the opposite direction and the prices climb up. That is a wise decision, unlike what most people do – when the market grows, they massively buy coins, and when the market drops – they withdraw. All the matter is in buying assets at a low price and selling them at a much higher price, and that is how the income on the crypto market formed.
In this article, we will talk about one worthy crypto asset and explain why it is a good idea to add this coin to your investment portfolio during this bear market period. So, greet Dash crypto.
Dash Essence and Dash Price
When we analyze any crypto project, the first thing we pay attention to is price, market capitalization and technology, that is, the application and usefulness of the project. Created as a fork of Litecoin, Dash is a platform for instant and cheap currency conversion and delivery to any point in the globe while maintaining the total anonymity of a person who conducts transactions.
Dash cryptocurrency price is $41.43, trade volume exceeds $77 million, and the market cap is over $456 million (the end of November 2022).
Key things about Dash:
- Run by masternodes
- Total decentralization
- Based on the Proof-of-Stake mechanism
- Low-cost currency transactions
- Support for cash, PayPal
- Speedy payments.
Looking at Dash’s technology, we can say that it can really boost its user base in the future and approach the market leaders, so it is definitely worth buying Dash crypto.
Looking at the Dash chart, we can see that the Dash coin price declined over the past year against the backdrop of the entire market drop. However, crypto analysts claim the Dash cryptocurrency price can reach $109 in 2023. So take your chance to buy Dash now, as its price is affordable, and you are welcome to the WhiteBIT crypto platform for trading and investment.