careful...sell high, and be wary of riding this pump..
this is an easy pump..too many coins locked in masternodes (making an artificial increase in valuation), too few big holders of this coin(instamined), and too few in circulation..
just look at DASH btc-e and poloniex sell orders combined..just less than 20K? compare it at poloniex LTC ~150k, ETH ~400k, XMR ~320k at sell orders...
remember DASH was once marked in coinmarketcap as a premined coin...until a very aggressive protest was done by DASH shills around here
People keep it in masternodes because masternodes offer value to the network and receive a compensation.
People keep dash in masternodes because they have a long term belief in the project.
This is not artificial, just smart design and smart vision.
Few big holders is not an issue for the network if these big holders are smart people with a long term vision, which it seems they are.
What do you think is better, premined network that creates value for the users and creates value to non-users of crypto by reaching out to them, or a non-premined network that is lacking in dynamism and innovation ?
Yes selling pressure will come from big holders, but they would be stupid to start selling now IMHO. They should wait for DASH to be at least at 0.1 BTC.
You think 0.1 BTC is too high ? Well, some of the big holders know they are going after the king bitcoin, their vision is to overtake BTC long term.
Now I agree that this ride is too fast and will correct, but it might bring DASH to another level in the short term so holding might be the best strategy if you are not a trader.
