On this page, you can compare Dash (DASH) with ID Coin (MYID). Which coin is better to buy now? What will be the better investment?
You can read more about cryptocurrency investment strategies in this article. Some additional rules you can also find here. Finally, you can read about the top 10 trading mistakes leading to failure in this article.
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Dash was launched in 2014 and changed several names before becoming Dash as we know it today. The initial goal of the project was to create a cryptocurrency network which would operate faster and cheaper than Bitcoin and would be capable to maintain more privacy. Holders of large amounts of Dash have different privileges (Instant Send, Private Send, etc).
Dash is an open-source project. It has its own blockchain. The currency is supported by many crypto wallets and it has gained significant market capitalization. Another great achievement is its numerous partnerships including cooperations with Western Union, web stores, etc.
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My Identity Coin (MYID) was created with very singular and specific usability: to tag cryptographic blocks with a code that uniquely identifies its rightful owner.
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About |
Dash was launched in 2014 and changed several names before becoming Dash as we know it today. The initial goal of the project was to create a cryptocurrency network which would operate faster and cheaper than Bitcoin and would be capable to maintain more privacy. Holders of large amounts of Dash have different privileges (Instant Send, Private Send, etc).
Dash is an open-source project. It has its own blockchain. The currency is supported by many crypto wallets and it has gained significant market capitalization. Another great achievement is its numerous partnerships including cooperations with Western Union, web stores, etc.
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My Identity Coin (MYID) was created with very singular and specific usability: to tag cryptographic blocks with a code that uniquely identifies its rightful owner.
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Type |
Type
coin
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Type
No data
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Founding Date |
Founding Date
2014
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Founding Date
No data
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Country |
Country
International
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Country
No data
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Languages |
Languages
No data
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Languages
No data
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Team |
Team
Public
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Team
No data
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Protocol |
Protocol
No data
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Protocol
No data
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Current price (USD) |
Current price (USD)
25.1161
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Current price (USD)
No data
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All-time high (USD) |
All-time high (USD)
1642.2200
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All-time high (USD)
No data
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Price change (24h) |
Price change (24h)
-0.99
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Price change (24h)
No data
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Volume (24h) |
Volume (24h)
8650942.22674
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Volume (24h)
No data
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Hashrate |
Hashrate
6190000
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Hashrate
No data
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Max Supply |
Max Supply
18900000.00000
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Max Supply
No data
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Total supply |
Total supply
No data
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Total supply
No data
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Circulating Supply |
Circulating Supply
12026414.21870
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Circulating Supply
No data
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Transaction speed / Block time |
Transaction speed / Block time
30
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Transaction speed / Block time
No data
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Transaction fee |
Transaction fee
No data
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Transaction fee
No data
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Mining profitability |
Mining profitability
low
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Mining profitability
No data
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Algorithm |
Algorithm
X11
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Algorithm
No data
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Proof type |
Proof type
PoW/PoS
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Proof type
No data
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Fully premined |
Fully premined
No data
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Fully premined
No data
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Smart contract address |
Smart contract address
No data
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Smart contract address
No data
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Total coins mined |
Total coins mined
9600464.64037
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Total coins mined
No data
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Is trading |
Is trading
yes
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Is trading
No data
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Block reward |
Block reward
2.884725003193
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Block reward
No data
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Block time |
Block time
140
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Block time
No data
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Dash (DASH) user rating is 4.8, based on 4 user reviews. ID Coin (MYID) user rating is 3, based on 1 user reviews.
We also calculate the special Cryptogeek TrustScore based on the characteristics of each coin.
At the moment Dash (DASH) price is 25.1161. Its 24h volume is 8,650,942.22674. 24h price change is -1.99.
Dash (DASH) max supply is 18,900,000.0. The circulating supply is 12,026,414.2187.
Dash (DASH) hash rate is 6190000.
Dash (DASH) transaction speed/block time is 30.
Block reward is 3.884725003193.
At the moment the number of coins mined is 9,600,465.64037.
Mining profitability is low.
Dash (DASH) Cryptogeek user rating is 4.8, based on 4 user reviews.
ID Coin (MYID) Cryptogeek user rating is 3, based on 1 user reviews.
When trading cryptocurrency, you should take into account the following rules:
Put emotions aside and do not try to run after prices - the time will come and your token will go up. In a bull market, each asset has its finest hour.
Transparency in the cryptocurrency market is a scarce commodity. Be on the lookout for everything you hear critically, and think about the possible reasons for the newsmaker before spreading the news.
Study the topic yourself, taking into account other people's opinions. Take the news critically. People name different reasons for the recent decline in the cryptocurrency market - these are :baseCompany futures, the Chinese New Year, the loss of interest in :baseCompany, and the downside game by large players ... However, it is possible that the whole thing is false news.
Don't be taken in by false news
An important lesson: do not believe the news, study the topic yourself.
Apply investments diversification strategy and risk management
Diversification is one of the oldest and most important concepts for an investor. Here's how to do it.
- Low risk, high market capitalization: 40% of your portfolio. These are the safest and most stable investments, 10 leading tokens. Popular options: :baseCompany, :compareCompany, Neo, and so on. These tokens most likely have a great future, and in the event of market volatility, they will be least affected.
- An average risk, average market capitalization: 30% of the portfolio. These are promising and developing projects with great growth potential from the top 50. Popular options: VeChain (VEN), ICON (ICX), Omisego (OMG), and so on.
- High risk, low market capitalization: 30% of the portfolio. Here we are talking about active trading and highly profitable instruments, and constant attention is required. This category may include, for example, Red Pulse (RPX) and Internet Node Token (INT).
Lesson: never put all your eggs in one basket.
Do not store tokens on exchanges
Lesson: while tokens are stored on the exchange, do not consider them as yours.
On this page, you can compare Dash (DASH) with ID Coin (MYID). Which coin is better to buy now? What will be the better investment?
You can read more about cryptocurrency investment strategies in this article. Some additional rules you can also find here. Finally, you can read about the top 10 trading mistakes leading to failure in this article.