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Monero has news that could see it do better in the short term.
Monero, one of the best privacy coins in the market, is set to start tail emissions. This will guarantee miner support in perpetuity.
DASH continues to grow in adoption as a means of everyday trade.
While Dash and Monero could do well long term, Monero has better prospects in short to medium term.
Monero is one of the best privacy coins in the market today. One thing that makes Monero stand out is that it has all the characteristics of true money. This is because it is fungible, meaning every Monero coin has the same as the next one. Just like all dollar bills have the same value. This is a feature that even Bitcoin doesn’t have because Bitcoins can be blacklisted for whatever reason. As cryptographic currencies grow in importance in the global economy, Monero has a place as one of those that could gain adoption fast.
Like Monero, Dash is a privacy coin and also one of the older cryptocurrencies in the market today. Dash is also one of the most adopted cryptocurrencies in the world today. For instance, in Latin America, DASH transactions are commonplace. With most cryptocurrencies lacking a clear use case, DASH’s high level of adoption gives it a high potential for growth going into the future.
Which one is a better buy?
Both Monero and Dash are among the most solid cryptocurrencies today. Their biggest value drivers are tokenomics (low coin supply) and usage for everyday transactions. They don’t just exist for speculative purposes.
However, in the short to medium term, the odds favor Monero. That’s because it has news coming up. On the 9th of June, 2022, Monero will start a fixed reward for miners. The goal is to incentivize miners to keep the network active, even as competition drives mining rewards lower. This is a big deal as it guarantees that Monero will have miners supporting the network in perpetuity.
The views and opinions expressed in this article are solely those of the authors and do not reflect the views of Bitcoin Insider. Every investment and trading move involves risk - this is especially true for cryptocurrencies given their volatility. We strongly advise our readers to conduct their own research when making a decision.