Four big advantages that Dash has over Bitcoin :
1 : Incentivized full nodes / masternodes
2 : Network protection against 51% attacks
3 : Instant transaction settlement (sent, confirmed and spendable by receiver within seconds)
4 : Decentralized optional privacy
Once Dash Platform hits Dash Mainnet in Q1 of 2021, more advantages open up for Dash over Bitcoin :
Data-type Dapps & Contracts
Data storage on the masternode network
Decentralized API (unique in the crypto world)
Blockchain Identity and Blockchain Usernames
I consider the masternodes, the instant settlement of transactions, the network protection against 51% attacks and the Dash Platform revolutionary upgrades, some of which have already been implemented in other crypto projects. Even Dash Governance model and DAO setup can be called revolutionary.
Number of Dash masternodes just reached new ATH of 5007, most likely due to our current Dash Core V0.16.0.1 containing a blockreward allocation change that will shift a part of the mining rewards (-9%) to masternode rewards (+9%) in a period of 5 years. Thereby increasing Dash store of value and making it more attractive for investors to setup more masternodes.
Dash blockreward allocation changes from 45% miners / 45% masternodes / 10% budget to 36% miners / 54% masternodes / 10% budget over a period of 5 years.
This basically summarizes DASH's benefits relative to other cryptocurrencies on the market. The DASH project is well-organized, with a budget for self-sustainability and a friendly community supporting it every step of the way. DASH is extremely active in development and innovation, despite sitting below the top 10 ranks in market cap. Comparing DASH's current circulating supply vs total supply, I'd say the cryptocurrency is pretty undervalued. But most people don't care about DASH since they're focused on making money with "De-Fi". As long as the attention is on big coins like Bitcoin and Ethereum, DASH will remain "under the radar" for quite some time.
Nonetheless, I believe that DASH's adoption of a mechanism to protect itself from 51% attacks is genius. The Ethereum Classic project and other small blockchain networks should copy DASH's model in order to prevent additional network disruptions in the future. With DASH improving at a slow and steady rate, it may be able to last a lifetime. It's one of those old cryptocurrencies that will live alongside Bitcoin and Ethereum for many generations. Whenever it's undervalued or not, that's up to the people to decide. Just my opinion