Is this it? How to tell a midterm correction from a final dump at this stage? More of a rhetorical question though.
The 1-week chart is very useful in this regard since it shows the current revaluation in context.
The 2014 rise went from 0.0002 to 0.028 - a 140 times multiple. It then corrected to around 0.06 (give or take the odd dip to 0.03) - a 30 times multiple.
Then, the 2015 rise went to 0.025 and corrected to around 0.01 (dipping to 0.006 for a month).
We are now 1 bar into a 4-hour correction which - if it gets going - could maybe retrace it back to 0.02. If the 6-hour starts to correct as well it may retest 0.015 - 0.018. On the other hand it doesn't look overvalued given that this is the third time we've visited this price range. Also the market spent a good few months in the 15-20 range. Much of this buying is going to the reserve market (masternode collateral).
Even people investing 50 Dash can now enjoy masternode returns - it isn't limited to 1000 Dash anymore.
So I don't see any major crash coming. Just as much chance of a minor correction to 20 or 21 and then a further growth to 0.03. Of course developments in the Bitcoin space may also have an affect but it's clear that Dash has completed a substantial "rights of passage" phase by simply holding its own for long enough.
Dash is a monetary asset. There are only 3 pure monetary assets left in the top 10 marketcaps. Only 1 of those has any significant core protocol development roadmap.
That's the reason for it's ongoing revaluation.
