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DASH: THE COIN TO WATCH WHILE BITCOIN STAGNATES
SummaryBitcoin faces some months of unknown with regulation questions and an upcoming hardfork.DASH is built like Bitcoin but with upgraded technology to work faster and more securely.It also has a robust mining system to help keep it stable, as well as a paid, central team behind it.DASH has a strong opportunity to take market share from Bitcoin through the end of this year.Bitcoin has spawned many competitors—some of slightly altered code and protocols, and some wildly different. Through it all, and the introduction of thousands of new coins after it, it’s kept its seat at the top of the entire crypto market—and still accounts for nearly 50% of the entire total market cap.But there are competitors gaining ground on Bitcoin, and the race is on for mass adoption. As the year has seen millions of new investors flock to cryptocurrencies, new wallets are looking for the “next” coin to have 1000% gains. Bitcoin, already priced at $4500, is unlikely to 10x anytime soon, but other coins can.DASH may not be one of those, since its current market cap is already over $2 billion, but it has more space to grow than many others. And with Bitcoin facing stagnation in its growth and adoption on both the regulatory side and the technological side, DASH is a close enough “spin” on Bitcoin that it could gain some serious ground in the financial world’s adoption of crypto tokens.First, let’s look at Bitcoin. Currently, its price has rebounded back to an early September high—showing many that last month’s struggles with Chinese regulators might not be enough to stop the growing force of this alternative currency. We explored the impact that Japan and South Korea will have going forward as well.Still, it’s very possible that a big part of the recent rebound was based on rumors that Chinese regulators will bring back exchanges soon. If this rumor is squashed, it could send Bitcoin reeling back. And even if China does come back and allow its exchanges to let investors buy Bitcoin with Yuan, it only establishes the whim and risk of such a large country meddling in a supposedly decentralized currency.Seekingalpha