The current market is sending many a-token to sinking values and few coins are managing to stay positive in the current downturned digital business. In this, we are looking to see whether the Dash is managing to outrun the bear market.
At the beginning of the year, the token was sitting as in the eleventh position of most valuable cryptocurrency by market cap on January 7th and was trading at a value of $1,334.78 USD. In January, it was totaling a market cap of $10,415,498,427 USD.
Moving ahead to the current state of affairs, Dash has dropped to the thirteenth most valuable cryptocurrency and is trading for $183.95 USD, with a total market cap of $1,523,552,858 USD.
To put it in statistical form, the network has lost a whopping 86% of its trading value over the past eight months, while its market cap has similarly diminished by approximately 85%.
Transaction fee estimates
According to calculations based on the network’s average transactions, the network’s fees will see a value of 0.00019 DASH/KB per high priority transaction, (1-2 blocks) 0.0001 DASH/KB per medium priority transaction (3-6 blocks) and 0.00007 DASH/KB for a low priority transaction (more than 7 blocks).
An unusual partnership
Although it is not a breaking story, it is still worth remembering that the network positioned itself as the frontrunner for a Zimbabwean cryptocurrency in the partnership struck with KuvaCoin.
At the time, Dash Core CEO Ryan Taylor stated that the company could flourish in the African nation:
“I have been advocating for quite some time the potential benefits Dash can provide to economies with less stable currencies, and Zimbabwe seems a prime location for these benefits.
This project, in particular, is well-researched with value propositions, branding, and go-to-market strategies tailored to the local market. Combining the ideal network – Dash – with a well-considered strategy should lead to a high probability of success.”
Looking to the future
With the markets being in the current space they are in, we can’t predict with ease how tokens might perform. If we take a look only at the last month, Dash has taken been on the up since the weekend and has seen a positive trajectory after taking a major dip at the beginning of the month.
At press time, Dash trades at $183.55 USD.
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