{"id":16729,"date":"2017-03-08T00:00:00","date_gmt":"2017-03-07T16:00:00","guid":{"rendered":"https:\/\/www2019.dash.org\/2017\/03\/08\/investors-who-missed-bitcoin-rally-go-for-dash-ether\/"},"modified":"2021-09-18T11:40:03","modified_gmt":"2021-09-18T11:40:03","slug":"bloomberg-2","status":"publish","type":"post","link":"https:\/\/wp.dash.org\/news\/bloomberg-2\/","title":{"rendered":"Investors Who Missed Bitcoin Rally Go for Dash, Ether,…."},"content":{"rendered":"
by Olga Kharif
\nMarch 8, 2017, 6:00 PM GMT+8<\/p>\n
With bitcoin on a tear, Mira Kwon decided there\u2019s more money to be made elsewhere. A little over a month ago, the University of Maryland economics graduate began pouring more than $2,000 into a different crypto-currency called dash.<\/p>\n
\u201cBitcoin is expensive,\u201d Kwon, a mother, investor, Korean interpreter and U.S. Army veteran, said in a telephone interview. \u201cI think dash has a bigger growth rate.\u201d<\/p>\n
So far, it\u2019s worked. Dash has risen<\/a> to $46 from $15.20 when Kwon started, according to prices at CoinMarketCap. With a market value of $326 million, dash has become the third-largest crypto-currency, behind bitcoin and ether. Other digital currencies are on the move, too, including monero and zcash, to name some of the 700-plus out there. Investors who feel they missed out on bitcoin are seeking a different path to crypto-riches.<\/p>\n \u201cThey think they\u2019ve missed most of the move, so they are starting to look at other coins that could be their ticket,\u201d said Adam Wyatt, chief operating officer of the crypto-currency researcher BullBear Analytics.<\/p>\n Trading crypto-currencies is speculative. Characteristics that may give each version value include a restricted supply, the willingness of merchants to accept it as terms of trade, technical features and ultimately the faith investors put in it.<\/p>\n Chris Burniske, an analyst at Ark Investment Management LLC, sees signs that some investors are cashing out of bitcoin and putting funds into so-called alt coins, varieties that haven\u2019t gone up as much. His company operates an exchange traded fund<\/a> with 5 percent of its assets in blockchain \u2013 the database technology underlying bitcoin \u2013 and peer-to-peer computing.<\/p>\n Bitcoin fell 0.5 percent to 1,239.35 Tuesday in New York. It\u2019s up 30 percent this year.<\/p>\n Speed Bumps<\/p>\n