DASH, the Cryptocurrency formerly known as Darkcoin has seen some major gains over the last 2 months. Currently 1 DASH is trading for around $70.00. But why are people buying DASH? Is it because they want to use a currency that is fast & anonymous? Is it because they want to vote on budget proposals and help steer the project in the direction they desire? Or is it because FOMO?
FOMO is a real thing. Nobody wants to be the guy who misses the train. No body wants to be the guy who doesn't put some of his crypto holdings into DASH. Mean while Masternode Holders are slowing selling their shares.
A lot of people claim they believe in DASH and that they have lost faith in Bitcoin yet most of these people continue to hold both tokens. The reality is they don't not believe in Bitcoin they just want to make money and with DASH there is opportunity to make money. This is the reason people are investing in DASH. To make money. There is no utility DASH provides that one can not find elsewhere. DASH does not fix any problems and any such claim is outlandishly unproven.
No body is buying DASH because they think it works better or faster or because it has a better governance model. The governance model is just another way for DASH holders to make more money. There was once a novel budget proposal submitted by Evan Duffield requesting a blocksize change from 1mb to 2mb. The proposal passed with flying colors yet nothing ever happened and the proposal is long forgotten. A network can not force developers to write code they do not want to write. This entire vote was for show and nothing will ever come from it. The network can not make decisions like this because the network can not control people.
People are buying DASH because they think the price per DASH will continue to rise not because it is useful or because it's better than Bitcoin.