Dash
DASH
Watchlist
₹4,877.20
LIVE
Watchlist
24H Low ₹4,878.98
24H High ₹5,333.77
Price of DASH today
The current live price of DASH today is ₹4,877.20, with a 24-hour trading volume of ₹12,79,61,89,334.25. Our DASH to INR price is updated in real-time. DASH has seen a decrease of -7.32% in the last 24 hours. With a live market cap of ₹59,16,71,34,820.85 , the circulating supply is at 12,061,850 DASH coins, with a maximum supply of 18,900,000DASH coins.
Dash Price History
Date Comparison | Amount Change | % Change |
---|---|---|
Today | -₹346.21 | 6.63% |
7 Days | ₹106.80 | 2.24% |
30 Days | ₹2,729.63 | 127% |
1 Year | ₹1,999.83 | 69.46% |
Dash Price Information
Price Change (1hr)
5.95%
Price Change (24hr)
6.63%
Price Change (7d)
2.24%
Dash Market Stats
Market Cap
₹59,16,71,34,820.85
Fully Diluted Market Cap
₹92,71,03,91,876.93
24hr Volume
₹12,79,61,89,334.25
2.53%
Circulating Supply
12061850.08 DASH
Total Supply
18900000 DASH
Things to know about Dash
What is the token?
Dash (DASH) is a cryptocurrency created to offer a fast, secure, and low-cost means of payment that can be used anywhere in the world. It is an open-source project aiming to improve Bitcoin by providing more robust privacy and faster transactions. Dash, which stands for "Digital Cash," was launched in January 2014 as a fork of Litecoin, a fork of Bitcoin. The Dash network includes features such as InstantSend for instantly settled payments, PrivateSend for optional additional privacy, and a two-tier network with incentivized "controller nodes" that enable these features and participate in governance.
Tokenomics
Total Supply
: Dash has a maximum supply of 18.9 million tokens.
Initial Allocation
: During the first 48 hours of Dash's launch, about 2 million coins were mined due to a bug in the difficulty adjustment algorithm.
Purpose
: Dash is a digital currency for transactions and offers features like InstantSend and PrivateSend. It also uses a unique two-tier network structure where controller nodes provide additional services and participate in governance decisions.
Market Data
As of today 09 December 2024, the price of Dash is ₹4,877.20 INR, with a 24-hour trading volume of 143777408.25 USD. The market capitalization for Dash is 664799267.65USD. The circulating supply is 12061850.08 Dash, with the total supply also being 12061850.08 Dash.
Token Pros and Cons
Pros:
Instant Transactions
: Dash's InstantSend feature allows transactions to be processed almost instantly.
Privacy
: PrivateSend offers users the option to conduct transactions with enhanced privacy.
Decentralized Governance
: Dash has a decentralized autonomous organization (DAO) that allows controller node operators to vote on proposals.
Limited Supply
: Similar to Bitcoin, Dash has a capped supply, which can make it a deflationary asset.
User-Friendly
: Dash aims to be user-friendly and is accepted by many businesses.
Cons:
Instamine Controversy
: The initial rapid mining of Dash coins raised concerns about the fair distribution of coins.
Competition
: Dash faces stiff competition from other cryptocurrencies that offer similar features.
Regulatory Risks
: Privacy features may attract regulatory scrutiny.
Market Volatility
: Like all cryptocurrencies, Dash is subject to market volatility.
Adoption
: Widespread adoption is necessary for Dash to achieve its goal as a digital cash system.
Why Should You Invest in the Coin?
Scalability
: Dash's network is designed to scale and handle many transactions, which could be beneficial as the network grows.
Strong Community
: Dash has a dedicated community and a team working to improve the network.
Real-World Use Cases
: Dash is focused on becoming a viable digital cash system and is already used for transactions by thousands of merchants.
Incentivized Nodes
: The controller node system incentivizes users to support the network, contributing to its security and efficiency.
Continuous Development
: Dash continues to innovate with new features and improvements to its protocol.
USP of the coin
Masternode System
: Dash's two-tier network with controller nodes provides unique features like InstantSend and PrivateSend, setting it apart from other cryptocurrencies.
Self-Governing and Self-Funding
: Dash's governance system allows for sustainable development funded by the network itself.
Instantaneous Immutable Blockchain
: ChainLocks makes the Dash blockchain instantly immutable, providing security against 51% of attacks.
The problem the coin is solving
Dash is solving the problem of slow and expensive transactions in traditional payment systems by offering a decentralized solution with instant transactions, low fees, and optional privacy features.
Founder and team background
Software engineer Evan Duffield launched Dash in January 2014. Duffield has been developing Dash and its features to create a more user-friendly and scalable cryptocurrency.
ICO Price
Dash was launched in January 2014 and did not have a traditional ICO as many cryptocurrencies have today.
Risks Associated with Investing in the Coin
Regulatory Risk
: Privacy features may lead to regulatory challenges.
Adoption Risk
: Dash needs widespread adoption to succeed as a digital cash system.
Competition Risk
: There are many cryptocurrencies with similar features.
Security Risk
: Dash has robust security features, but no system is immune to attacks.
Market Risk
: Cryptocurrency markets are highly volatile and can affect the value of investments.
Whitepaper Insights
The Dash whitepaper, co-authored by Evan Duffield and Daniel Diaz, presents Dash as a privacy-centric cryptocurrency that builds upon the work of Satoshi Nakamoto, the creator of Bitcoin. Dash introduces several key innovations to enhance privacy and improve transaction efficiency. The core of these innovations is the two-tier incentivized network known as the Masternode network.
Masternodes are powerful servers backed by collateral held in Dash and designed to provide secure advanced services and governance over the project's proposals. To become a controller node, one must stake a minimum of 1000 DASH as collateral. This system ensures that only some users can control the entire Masternode network, as acquiring a significant percentage of the network would be prohibitively expensive and likely drive up DASH's market price.
The whitepaper outlines the Masternode network's role in facilitating Dash's hallmark features: InstantSend and PrivateSend. InstantSend allows for near-instant transactions, significantly improving over Bitcoin's longer confirmation times. This feature is enabled by a consensus of Masternodes rather than relying on the mining network alone. PrivateSend, on the other hand, offers financial privacy by mixing coins through Masternodes to obscure their origin, making transactions more private.
Dash also implements a unique governance model where decisions are made on a blockchain via proposals and voting by Masternodes. This decentralized governance and funding system enables the network to pay individuals and businesses for work that adds value. This self-funding model is a departure from the donation-based funding of other cryptocurrencies.
The whitepaper also discusses the X11 hashing algorithm used in Dash, a series of 11 hashing functions for the proof-of-work consensus. This algorithm is intended to reduce heat and power consumption compared to Bitcoin's SHA-256 algorithm, making mining more accessible and decentralized.
Dash's block reward system is different from Bitcoin's as well. Instead of halving, the Dash block reward decreases by 7.14% every 210,240 blocks or roughly every 365 days. The block reward is split between miners, Masternodes, and a budget for funding future development. This ensures the network can support its development and growth over time.
The Dash whitepaper presents a cryptocurrency that aims to improve Bitcoin by focusing on privacy, instant transactions, and a self-funding, self-governing network structure. The Masternode system is central to Dash's operation, providing the necessary infrastructure for its unique features while incentivizing users to maintain and operate the network.
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Price as per 08:07 AM • 09 Dec 2024
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What is the price of Dash (DASH)?
The current price of Dash (DASH) in INR is ₹4,877.20 INR.
What is the current DASH market cap?
The current market capitalization of Dash (DASH) is ₹59,16,71,34,820.85 INR. This value represents the total market value of all coins in circulation, calculated by multiplying the current price of DASH by the number of coins in circulation.
What is the current supply of Dash (DASH)?
The current supply of Dash (DASH) is 12061850.08 DASH. This figure represents the total number of coins that have been mined and are currently in circulation.
What is the 24 trading volume of Dash (DASH)?
The 24-hour trading volume of Dash (DASH) in INR is ₹12,79,61,89,334.25. This figure represents the total value of all DASH transactions across various exchanges within the last 24 hours.
How to Buy Dash (DASH) in India?
To buy Dash (DASH) via Mudrex, simply sign up and create an account on their platform. Proceed by completing the KYC process to verify your identity. Once verified, deposit funds into your account using the available methods. With your account funded, you're all set to start investing in DASH.
Can I buy Dash (DASH) with UPI?
Yes, you can buy Dash (DASH) with UPI on Mudrex, which accepts payments through popular UPI apps like Paytm, PhonePe, and Google Pay, offering a convenient and quick way to invest.
How to Convert Dash (DASH) to Indian Rupee (INR)?
To convert Dash (DASH) to Indian Rupee (INR), you can use our DASH/INR conversion rates in real time.