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. |
| Launched |
|---|
2014 |
Website: |
| Asset type |
Coin |
| Blockchain list |
| Price usd |
37.44 |
| Project leaders |
Evan Duffield |
| Subreddits |
Subscribers: 47,011Community age: Mar 17, 2015 |
| Telegram groups |
Members: 9,767 |
Red Pulse Phoenix (PHX) is currently based on the NEO protocol. It is listed on the number of exchanges paired against various cryptos. PHX tokens incentivise content creators of the Red Pulse research platform. |
| Launched |
|---|
2018 |
Website: |
| Asset type |
Token |
| Blockchain list |
| Price usd |
0.170263 |
| Project leaders |
Jonathan Ha, Stanley Chao, Peter Alexander |
| Subreddits |
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. | Red Pulse Phoenix (PHX) is currently based on the NEO protocol. It is listed on the number of exchanges paired against various cryptos. PHX tokens incentivise content creators of the Red Pulse research platform. |
| Launched | |
|---|---|
2014 | 2018 |
Website: | Website: |
| Asset type | |
Coin | Token |
| Blockchain list | |
| Price usd | |
37.44 | 0.170263 |
| Project leaders | |
Live Market SentimentLive Market SentimentLive Market SentimentLive Market SentimentLive Market SentimentLive Market SentimentLive Market SentimentLive Market SentimentLive Market SentimentLive Market SentimentLive Market SentimentLive Market SentimentLive Market SentimentLive Market SentimentLive Market SentimentLive Market SentimentLive Market SentimentLive Market SentimentLive Market SentimentLive Market SentimentLive Market SentimentLive Market SentimentLive Market SentimentLive Market SentimentLive Market SentimentLive Market SentimentLive Market SentimentIn a scenario where you choose to include one coin in your portfolio but are uncertain, take a closer look at these two. This article is dedicated to the Dash (DASH) vs Red Pulse Phoenix (PHX) comparison for investing purposes, highlighting the most important aspects of this discussion.
First things first: the market capitalization. It's always better to invest in a well-established coin than a relatively new project. A large market cap means low volatility, whereas a small market cap means the coin will be extremely volatile and risky to trade – but can also bring huge rewards.
See if the coin has reasonable market cap and valuation for now – sometimes people speculate with coins which don't deserve a single dollar spent on them.
Proof-of-Work, Proof-of-Stake, or any other algorithm. Every protocol uses a specific algorithm for consensus – and therefore it brings some particular traits and advantages. Compare both coins by the consensus mechanism to find similarities and differences. Does it fit your preferences?
Every blockchain has a particular transaction throughput (TPS) level. The higher the transaction speed, the better – but do not consider this to be a primary factor in choosing a blockchain. Layer-2 solutions are also essential for scalability.
Supply and emission schedule play a crucial role in determining the price of any coin on the market. See how many coins will ever exist and how many are already in circulation. How are new coins emitted? Will there be any further halvings or supply increases?
Finally, it all comes down to real adoption. What real-world problems does the coin help solve? How active is the community around it? Does it have real use cases and on-chain activity statistics?
Neither of these coins is a better option in every possible situation – they serve different users. Determine which of them matches your preferences and needs the most, and make your decision accordingly.
| Telegram groups |
|---|
Evan Duffield |
Jonathan Ha, Stanley Chao, Peter Alexander |
| Subreddits | |
|---|---|
Dashpay Subscribers: 47,011Community age: Mar 17, 2015 | Phoenixglobal Subscribers: 691Community age: Oct 13, 2020 |
| Telegram groups | |
|---|---|
Dash Members: 9,767 | |
Live Market SentimentLive Market SentimentLive Market SentimentCryptogeek.info publishes independent, factual comparisons. Our ratings are not influenced by commercial relationships.
