A large factor with sudden price spikes and sudden price dumps has to do with the circulating supply and the liquidity of a cryptocurrency in the crypto market.
When the circulating supply is low and the liquidity on exchanges is also low, the price tends to jump very high during bull markets and fall very low during bear markets
Dash circulating supply according coinmarketcap is : 9.3 million Dash
Dash combined masternode collateral (not circulating supply) is : 4.6 million Dash
Dash actual free circulating supply, due to Dash masternodes model is therefore : 4.7 million Dash
There is really not much needed to move the price of a cryptocurrency like Dash, which only has a few million Dash in actual free circulation on markets / exchanges.
Always keep that in mind when you think about Dash.
The Internet is programmable information. The blockchain is programmable scarcity.
- Balaji Srinivasan