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Monero [XMR]’s uphill struggle against Dash continues

Rajath Kumar

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Monero [XMR]'s uphill struggle against Dash continues
Source: Pixabay

Monero [XMR] is currently battling against Dash for the 12th spot in the crypto-rankings. The fight has had a mix of results with Dash and Monero taking the spots and falling down.

XMR's 7 days chart

XMR’s 7 days chart

Monero is ranked at number 12 in the market as of 12th May 2018. It is priced at $ 202.43 with market cap of $3,343,497,856 while Dash has a market cap of $3,272,533,581. Earlier today, Dash had surpassed XMR and took the 12th position, however, XMR bounced back in the past 1 hour with a 0.40% growth rate.

Dash has had a growth rate of 0.78% in the past 24 hours which beats Moneros growth rate over the last 24 hours which is around 0.19%.

Some of the investors speculate that the newly introduced XMRwallet which helps in faster and safer transactions and Circle adding Monero to its platform might end up being a waste if the coin continues its poor performance.

Dash has been growing its popularity due to its fast transaction speed and several new features like keeping users identity safe and fewer transaction fees etc. The coin has already reached the $1 billion point and many speculate that it might break into the top 5 of the crypto-rankings by the end of the year.

Dash's 7 days chart

Dash’s 7 days chart

Dash is currently priced at $401.36 with a supply of 8.07 million and an overall volume of $84.88 million.

Jasmina, a Twitter user says:

“Time to invest into Dash, a really undervalued coin.”

Kelly, another Twitterati says:

“Monero is depressing me, I believed in this coin for so long but I think its time to pull out and join Dash as I heard that the community is active and good.”


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Rajath Kumar is an intern at AMBCrypto. He became aware of the crypto-world through gaming and has been a part of it for two years now. Rajath does not hold any value in any cryptocurrencies or its projects.

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