Dash - Why is the market cap so low?

[dashbloke]

Dash looks solid and has it's own network. Why does it have a market cap so much lower than alot of the meme coins that run on Etherium etc.?

 

[JamesDoe]

Dash has lost the trust of many investors including myself.
The development teams are no longer transparent.
The moderators make up the rules as they go along.
The business development and marketing teams are outsourcing their failure to other more reputable PR Firms.
The Dash coming from the DAO has become a hot commodity amongst the very few developers still seeking funding.

Once the DAO provides little to no more funding to the DFO´s, Dash will seize to continue development and marketing.
Too many leechers in the Dash Eco System not seeding enough back to the community.

 

[dashbloke]

IC .. when you say development teams are no longer transparent-isn't that something that was done when it was actually under development, its been working on it's own network for years.. I'm wondering how low in value can a crypto network go? will it get to the point where the people running the nodes quit the job? I never heard of a blockchain actually being unplugged.. Almost 6 months ago this thing called Pi Coin came out with alot of excitement, its easy to 'mine' a little bit of it, and it comes with it's own environment app in which there are various apps that accept Pi Coin like marketplaces etc. but now its doing the same thing, market cap keeps going down while millions of free coins are released to users every month.. but its new and still #40 in market cap but at one point it was #10.. seems like its going down with no end in sight and the big exchanges refuse to list it, at least Dash is on Binance.

 

[JamesDoe]

None of our DFO´s are buying Dash.
Joel has never bought Dash, never held Dash.
I don´t see any potential for new buyers to come to Dash based on Joels presentations.
Nor do I see many people interested in what Dash is still developing.
Once they leave Dash, no one comes back. That should tell you something.
Beyond QE´s vague promises that by 2026, Evonodes will be generating an extra $2000/month,
there is nothing much to look forward to being invested in Dash.

 

[qwizzie]

Marketcap is price x circulating supply.
If you have a low price (bear market) and a relatively high circulating supply (high supply inflation rate), then that will cause low marketcap.

Marketcap itself gives no indication of price performance, for that it is better to compare % down from ATH between projects.
I use cryptorank.io for that, with a select number of cryptocurrencies (not tokens)

Unfortunetely Dash has a relatively high supply inflation rate compated to other projects, which forms a factor in calculating marketcap.
Circulating Supply Inflation rate (annual growth of circulating supply in percentage) for Dash and some of its competitors

Dash : 3.70%
Bitcoin : 0.84%
Bitcoin Cash : 0.89%
Monero : 0.80%
ETH : 0.40%

Dash usually starts to gain impressive marketcap gain during bull markets, when the price factor will outweigh the supply factor.

You can compensate for the relatively high Dash supply inflation rate by running a masternode (APY 7.4%) or participathing in a shared masternode/evonode (Crowdnode*) or by running an Evonode (APY 11%), as their APY are all higher then Dash supply inflation rate.
*crowdnode charges certain fees, 20% or 30% of the masternode / evonode rewards i think ? which affect APY, check this for yourself
** all provided APY's are my personal estimates. Estimates are coming from here : https://www.dash.org/forum/threads/google-sheets-masternode-and-evonode-apy.55273/. You can also find APY figures here : https://mnowatch.org/evonodes/

 

[xkcd]

Dash has lost the trust of many investors including myself.
The development teams are no longer transparent.
The moderators make up the rules as they go along.
The business development and marketing teams are outsourcing their failure to other more reputable PR Firms.
The Dash coming from the DAO has become a hot commodity amongst the very few developers still seeking funding.

Once the DAO provides little to no more funding to the DFO´s, Dash will seize to continue development and marketing.
Too many leechers in the Dash Eco System not seeding enough back to the community.

This is FUD and every single point is a lie. You should be ashamed of yourself!

 

[xkcd]

IC .. when you say development teams are no longer transparent-isn't that something that was done when it was actually under development, its been working on it's own network for years.. I'm wondering how low in value can a crypto network go? will it get to the point where the people running the nodes quit the job? I never heard of a blockchain actually being unplugged.. Almost 6 months ago this thing called Pi Coin came out with alot of excitement, its easy to 'mine' a little bit of it, and it comes with it's own environment app in which there are various apps that accept Pi Coin like marketplaces etc. but now its doing the same thing, market cap keeps going down while millions of free coins are released to users every month.. but its new and still #40 in market cap but at one point it was #10.. seems like its going down with no end in sight and the big exchanges refuse to list it, at least Dash is on Binance.

Dear DashBloke,

The person that replied to you is one person who is jaded and just venting the frustration of not handling his investment well. The developers give bi-weekly updates and are extremely transparent, you can see here.



I also strongly encourage you to watch this show from last Tuesday

where big leaps were made leveraging modern technology to speed-run development tasks.

 

[xkcd]

I also strongly encourage everyone to become a member of the Dashpay subreddit where important updates are posted first before almost another place the link is here. https://www.reddit.com/r/dashpay/