Dash has experienced a troubling week, dropping a total of 11% over the past 7 trading days. At the time of writing, Dash is trading hands around $216, and has seen a 1.56% price drop over the past 24 hours.
Dash was created by Evan Duffield in January 2014 and was intended to become a solution to the issues surrounding Bitcoin, such as anonymity and transaction speed. Dash was rebranded from Dark Coin in 2015 and has reaped the rewards from this rebrand ever since, making it a more accessible coin for the mainstream to invest in.
Dash, dubbed Digital Cash, can boast a blocktime of 2.5 minutes which is up to 4x faster than Bitcoin’s 10 minute block mining time. Users can also send Dash almost instantly through a feature known as InstantSend embedded into the Dash wallet. The Dash network can also boast about the benefits gained from allowing users to send private transactions, invisible on the blockchain, through a feature known as PrivateSend.
Dash has recently released an updated…