Is DASH dead?

[mich]

Well it is 1 of those projects that alot of people did just forget about. And there is new better privacy coins now.
I have not seen any news on Dash for along time now.  It still does have marketcap of 500 Million so there is more projects out there that is more dead then Dash.

[Abiky]

I also thought this was a coin with huge of potential to be the next big thing back when I started with alternative currencies, but I guess they could not longer rely on their cheap transactions and their privacy features to stay among the top of the coins of the market by capitalization. I recall when it was within the top 25, not even that anymore.
Because of the way it operates, there are also regulators from the United States which believe Dash to be an unregistered security, it makes harder for institutional investors to get interest on it and get some masternodes as a long term investment.

My prediction about Dash: it is going to continue to function as a blockchain and medium of exchange, when relatively accessible liquidity, but it will continue to fade into irrelevance as people are not impressed by low fees and privacy anymore, Solana, Cardano and side chains of Ethereum are already cheap and Monero is all-or-nothing in terms of privacy.
Only time will tell, though.

"Unregistered security"? Well, I guess that would no longer be an issue now that SEC chairman Gary Gensler will be replaced. According to him, every cryptocurrency based on PoS (or a similar algorithm) is deemed a security. Masternodes operators aren't stakers/validators, but they earn rewards with their DASH collateral. So indirectly, they're "staking" coins on the Blockchain.

The DASH developer team needs to come up with something new and fresh if they want to rescue their coin. Otherwise, DASH will turn into a "ghost town" in the future. Heck, even Monero has better privacy features than DASH. What it doesn't have are instant (0-conf) transactions. For DASH's added scarcity of approx. 18m coins, I'd say it's pretty undervalued. Maybe holding this coin will pay off in the long run? Only time will tell...

[Hispo]

.... For DASH's added scarcity of approx. 18m coins, I'd say it's pretty undervalued. Maybe holding this coin will pay off in the long run? Only time will tell...

Well, I can certainly admire your optimism. I was actually pretty much into that coin as well when it was a big deal here in my country (which suffered and continues to suffer from inflation).
Dash team needs to catch the attention of the public with something which has not been done before, but I am not even sure what that is... At this point is kind of weird to me how Litecoin and dash are so much apart from each other, since they both appeal to the same public who is seeking for a reliable PoW, cheap, quick and with finite units in circulation. It could be retailers feeling the governance system of Dash being a con instead of a pro, and embrace a more decentralized system which Litecoin has, how knows...
Quite ironic some years ago I dreamed having a masternode running on my computer, but it has become so irrelevant now, that I don't even think about it...

[Hagart]

~snipped~
The DASH developer team needs to come up with something new and fresh if they want to rescue their coin. Otherwise, DASH will turn into a "ghost town" in the future. Heck, even Monero has better privacy features than DASH. What it doesn't have are instant (0-conf) transactions. For DASH's added scarcity of approx. 18m coins, I'd say it's pretty undervalued. Maybe holding this coin will pay off in the long run? Only time will tell...

As I already said in another post in this thread, the only thing that can save Dash from being a simple shadow of what it was (and what it is already becoming) is the development of new functions. I don't think it's about “being the same” as Monero, or having the same characteristics, but rather about giving the development a complete turn, and have the ability to surprise potential investors again.

There are fewer active masternodes every day (today there are 2209) and if the development team does not regain the inspiration it had years ago, Dash will fall into complete oblivion.

[Abiky]

Well, I can certainly admire your optimism. I was actually pretty much into that coin as well when it was a big deal here in my country (which suffered and continues to suffer from inflation).
Dash team needs to catch the attention of the public with something which has not been done before, but I am not even sure what that is... At this point is kind of weird to me how Litecoin and dash are so much apart from each other, since they both appeal to the same public who is seeking for a reliable PoW, cheap, quick and with finite units in circulation. It could be retailers feeling the governance system of Dash being a con instead of a pro, and embrace a more decentralized system which Litecoin has, how knows...
Quite ironic some years ago I dreamed having a masternode running on my computer, but it has become so irrelevant now, that I don't even think about it...

The masternode requirements is what's "killing" DASH. It enables centralization on the network as only a few wealthy people will be able to determine the future direction of the project. Governance is determined by masternodes only. Not PoW miners (please correct me if I'm wrong).

I've always wished to get enough DASH for a masternode. But never did because of the "high price tag". Lowering the collateral from 1000 DASH to 100 DASH would be the way to go. Even Bitcoin Cash is doing better than DASH these days. Not many people are into privacy coins anyways, so it's likely DASH will become a lost and forgotten coin. Maybe it's time to move on?

[lixer]

I didn't think it would have a future after they changed their name to Dash from Darkcoin, but who knows.

Some users says that Dash has removed their privacy feature but maybe they are bringing it back again for them to rename their coin like that? Hhmm.. Maybe there is a chance for them to bounce back because of that.

I don't know if they have more significance when they release smart contracts, because i am not sure what they are trying to accomplish with them, but there's no clue how expensive those will be to use. Dash being cheap to send is easy trick compared to decentralized zk smart contracts.

I think the smart contract capability can also help them because it allows them to introduce more features with it. With it, they can easily join the latest trend. You and others already said that Dash is cheap, therefore it might also be cheap to use to interact on its smart contracts.

Dash for me is like a sleeping giant crypto coin that when bitcoin rallies, it will suddenly give a performance that is definitely not expected by the crypto community once this rally begins.

As other users have said, we had a BTC rally before but Dash still remains the same. I'm afraid it is not a giant anymore but it is just sleeping permanently, therefore the decision of the OP and other users of abandoning it now or later on, can be a good decision before a more worse situation came in.

[Abiky]

Some users says that Dash has removed their privacy feature but maybe they are bringing it back again for them to rename their coin like that? Hhmm.. Maybe there is a chance for them to bounce back because of that.

DASH removed its privacy features? Since when? Last time I've checked, DASH had the "PrivateSend" feature (which is like a "CoinJoin" for private transactions). The only thing is that privacy is NOT enforced (unlike competitors such as Monero and Zcash). I think DASH's past (formerly known as Darkcoin) had a negative impact over its reputation. People associated the cryptocurrency with crime/illegal activities. The team changed the name, just to please the regulators.

With so many cryptocurrencies out there, getting all the way to the top would be extremely-difficult. DASH needs innovation to gather the attention of traders and investors alike. Otherwise, it'll become a "ghost town". Here's hoping for the best. :-/

[Josefjix]

With so many cryptocurrencies out there, getting all the way to the top would be extremely-difficult. DASH needs innovation to gather the attention of traders and investors alike. Otherwise, it'll become a "ghost town". Here's hoping for the best. :-/

Yeah, the moment a coin becomes old the usage of it drops drastically, dash is one of the oldest coins to have been existed long time ago. Truly, most coin teams and the developers behind it brings in new innovations and features that attracts more investors into it. I know dash is a decentralized blockchain based coin that has her own unique wallet address right? why can't the team build something like decentralized finance, staking program, enables bridging features to other blockchain and more. These latest innovations brings a lot of investors into the game than before., what do you think?

[Abiky]

Yeah, the moment a coin becomes old the usage of it drops drastically, dash is one of the oldest coins to have been existed long time ago. Truly, most coin teams and the developers behind it brings in new innovations and features that attracts more investors into it. I know dash is a decentralized blockchain based coin that has her own unique wallet address right? why can't the team build something like decentralized finance, staking program, enables bridging features to other blockchain and more. These latest innovations brings a lot of investors into the game than before., what do you think?

That's precisely what I'm talking about: Innovation. The "De-Fi", staking, and bridging features are a splendid idea. Even enforcing privacy at the protocol level will make DASH better. While they're at it, developers should also reduce the minimum collateral to run a masternode from 1000 DASH to 100 DASH. I'm surprised they haven't done anything to keep their project afloat. Especially with all the funding they have.

Without innovation, the competition will "eat its cake". I guess it's time to move on, and focus on other coins. DASH will be long lost and forgotten as a coin that pioneered the concept of masternodes. At least, the code is open source. Maybe there's hope after all?

[shinratensei_]

Yeah, the moment a coin becomes old the usage of it drops drastically, dash is one of the oldest coins to have been existed long time ago. Truly, most coin teams and the developers behind it brings in new innovations and features that attracts more investors into it. I know dash is a decentralized blockchain based coin that has her own unique wallet address right? why can't the team build something like decentralized finance, staking program, enables bridging features to other blockchain and more. These latest innovations brings a lot of investors into the game than before., what do you think?

That's precisely what I'm talking about: Innovation. The "De-Fi", staking, and bridging features are a splendid idea. Even enforcing privacy at the protocol level will make DASH better. While they're at it, developers should also reduce the minimum collateral to run a masternode from 1000 DASH to 100 DASH. I'm surprised they haven't done anything to keep their project afloat. Especially with all the funding they have.

Without innovation, the competition will "eat its cake". I guess it's time to move on, and focus on other coins. DASH will be long lost and forgotten as a coin that pioneered the concept of masternodes. At least, the code is open source. Maybe there's hope after all?

I suppose they need to do what coin like FTM is doing, rebranding with technology update, but since DASH is kinda lacking in term of innovation anyway, I would expect nothing of such significance from them to be honest.
plenty of old coin that are doing nothing getting forgotten and their chart never escape from ATL these days, the old coin that are at least trying to stay relevant are instead have been having quite a good run.

frankly, something like DASH with established name can just fork on other smart contract capable blockchain code + adding in some innovation, call it a day, and easily attract massive TVL and new investors.

[CryptoBullFLA]

It doesn't have much of a real world use (Monero is better in most ways), and it doesn't have a group early preminers with money to hype it up. I think it's time has come and gone.

[Abiky]

I suppose they need to do what coin like FTM is doing, rebranding with technology update, but since DASH is kinda lacking in term of innovation anyway, I would expect nothing of such significance from them to be honest.
plenty of old coin that are doing nothing getting forgotten and their chart never escape from ATL these days, the old coin that are at least trying to stay relevant are instead have been having quite a good run.

frankly, something like DASH with established name can just fork on other smart contract capable blockchain code + adding in some innovation, call it a day, and easily attract massive TVL and new investors.

A rebrand is much needed. Especially when many businesses and merchants are moving away from DASH. They want the next big thing. And that involves coins with smart contract features and those based on "memes". Even the crypto gambling site promoted on my signature decided to de-list DASH due to low deposits.

DASH should just move into a smart contract platform and become a token. Maybe ETH or Solana will do the trick? Or maybe developers will decide to turn DASH into a sidechain or L2 network living alongside the main Bitcoin blockchain? All subject to the community's approval, ofc. Devs better hurry up before it's too late. The "clock" is already ticking...

[FinneysTrueVision]

Dash is one of the original premined shitcoins. With the masternode system being a proof of stake mechanism, it was an inherently unfair design that disproportionately favored the creator who was able to mine millions of coins in the first hours after launching.

They were marketed as a privacy coin, but the privacy features were not widely used leading to suboptimal privacy for users of their coinjoin implementation due to a lack of liquidity.

Their treasury was just another way for insiders to extract wealth for themselves. They wasted millions of dollars on pointless promotional campaigns and funding trolls to attack Bitcoin.

I haven’t followed their recent developments, but I really doubt that there is anything that can be done to really bring back interest. I think they are adding smart contracts, but with EVM chains and Solana having so much market share, there is no reason for people to adopt Dash in a significant capacity.

[Rasa nanas]

Currently dash is ranked 152 CMC, and if you look at the overall price chart the price of dash continues to decline. this is just my opinion, if there are no updates or innovations then this project will be forgotten and will be replaced by a new project that has higher utility. But even so, Dash still has a fairly high 24-hour volume.

[Cointxz]

Currently dash is ranked 152 CMC, and if you look at the overall price chart the price of dash continues to decline. this is just my opinion, if there are no updates or innovations then this project will be forgotten and will be replaced by a new project that has higher utility. But even so, Dash still has a fairly high 24-hour volume.

I’m still holding this from long time ago mainly just because I like it being an OG coin together with Bitcoin and other classic coin.

They have weak marketing and they offer the same old feature that is already outdated to the current trend. There’s a lot of crypto project that has same feature like them with better marketing and offers to users.

Even their website is still almost the same the last time I check. It’s not dead rather just on passive marketing mode that’s why there’s minimal awareness about this coin existence.

[Abiky]

I’m still holding this from long time ago mainly just because I like it being an OG coin together with Bitcoin and other classic coin.

They have weak marketing and they offer the same old feature that is already outdated to the current trend. There’s a lot of crypto project that has same feature like them with better marketing and offers to users.

Even their website is still almost the same the last time I check. It’s not dead rather just on passive marketing mode that’s why there’s minimal awareness about this coin existence.

Funny thing is that DASH is even scarcer than Bitcoin and Litecoin. Only 12.14 DASH will ever be minted (total supply). Yet, market prices are within the "double digits". It's extremely undervalued, imo. I think besides poor marketing, DASH's optional privacy has lead it towards its failure. If privacy were enforced at the protocol level (like Monero), DASH would've gone somewhere. It would've been able to compete with the likes of Monero, Zcash, and Grin.

Now DASH's "doom" is certain, unless it becomes a smart contracts platform like ETH and Solana, or it turns into a token living in one of the aforementioned networks. I have a few DASH in cold storage just in case. Not selling no matter what. Who knows? Maybe the coin will experience a "revival". If that happens, prices will go all the way to the moon. Just my two sats.

[pooya87]

A lot of altcoins are already dead without showing it, Dash is one of them. These projects didn't really bring anything that was both innovative and useful to the cryptocurrency world. So all they had was pump and dumps. I'd say Dash had some innovative ideas but at the end of the day it didn't really have any useful utility to keep it alive. So what it experienced over the past years was some pumpers pumping it for a little while before it gets dumped again and is forgotten until the next pump, each of which are getting smaller...

[markm]

I suppose I am still hoping that the "treasury based asset" concept used in the Galactic Milieu will prove useful if not necessarily all that innovative; if I end up turning out to be correct in that then maybe there could still be some hope for alts like DASH by equipping them with such treasuries...


-MarkM-

[Abiky]

A lot of altcoins are already dead without showing it, Dash is one of them. These projects didn't really bring anything that was both innovative and useful to the cryptocurrency world. So all they had was pump and dumps. I'd say Dash had some innovative ideas but at the end of the day it didn't really have any useful utility to keep it alive. So what it experienced over the past years was some pumpers pumping it for a little while before it gets dumped again and is forgotten until the next pump, each of which are getting smaller...

I respectfully disagree with your assessment of Dash being “dead.” While it's true many altcoins have struggled to maintain relevance, Dash still has a strong use case as a digital cash system with real-world adoption. Its focus on fast, low-cost transactions and privacy remains innovative and useful, especially in regions like Venezuela, where Dash is actively used for everyday transactions. Price fluctuations are common across cryptocurrencies, but utility and adoption in solving real-world problems are what truly define a project's sustainability—and Dash still holds value in that regard.

[Hispo]

A lot of altcoins are already dead without showing it, Dash is one of them. These projects didn't really bring anything that was both innovative and useful to the cryptocurrency world. So all they had was pump and dumps. I'd say Dash had some innovative ideas but at the end of the day it didn't really have any useful utility to keep it alive. So what it experienced over the past years was some pumpers pumping it for a little while before it gets dumped again and is forgotten until the next pump, each of which are getting smaller...

I respectfully disagree with your assessment of Dash being “dead.” While it's true many altcoins have struggled to maintain relevance, Dash still has a strong use case as a digital cash system with real-world adoption. Its focus on fast, low-cost transactions and privacy remains innovative and useful, especially in regions like Venezuela, where Dash is actively used for everyday transactions. Price fluctuations are common across cryptocurrencies, but utility and adoption in solving real-world problems are what truly define a project's sustainability—and Dash still holds value in that regard.

I am a Venezuelan, living in Venezuela and I would like to give you my perspective from the situation with Dash here. It is true that Dash was quite relevant a few years ago when inflation was rampant and costa of goods could double in a week, but unfortunately for Dash holders and investors here in this country Dash has been mostly displaced by USDT (Tron) and the payment system implemented by Binance (Binance Pay).
Since opening an account on Binance is relatively easy, what people do is use USDT and do not get exposition to the market fluctuations. Most people here do not want to speculate anyways, they want to save and guard their money against devaluation.

So, in my opinion, Dash has currently lost most of its market here in favor of a centralized solution  which is Binance.