DAC Choices - $5,000 to $7,000


What are the current top DAC choices in the approximately $5-$7K price range (new or used) that I should look at as possible upgrades to my current Metrum Adagio?  Having an on-board volume control is not a factor as I can operate my system either way.   If I wanted to spend more I would look at Totaldac, Rockna Wavedream Signature, or one of the other top-end contenders, but I selected the price range to achieve a sound quality that is consistent with the rest of my system and because I don't want to spend more due to the still evolving nature of digital technology.  I do like the more natural sound (to my ears) of NOS R2R DACs.  So far, I have considered the three below, but none seem to be a slam-dunk upgrade from the Adagio, which still sounds pretty good in my system.  The decision is complicated by having to "buy to try" so that I can hear one in my system.  Maybe now is not the time for an upgrade.  Any thoughts?

  • Denafrips Terminator w/DSP board - Reportedly has the full body/dense tone type of sound I like, but also has a high'ish output impedance 
  • Holo May KTE - Reportedly measures great for an R2R DAC and has strong reviews 
  • Rockna Wavelight - Some reviewers like it but others put it in the middle of the pack for the price
mitch2
I was at your place few months ago.  I had a Metrum Onyx.  I researched basically the same models.  I got the Totaldac core d1, which is in your price range.  I wanted NOS R2R.  I figured I did not want to put much towards DSD as that takes out the NOS R2R.  No regrets, wonderful sounding.  Very clear, good bass and highs, good imaging and soundstage.
I would definitely considered a professional built Auto Note Kit (ANK) DAC either their 4.1 or 5.1 -- great sound - great value - 
Can we merge this with the cable thread and ask why a DAC is so expensive? It is after all just a chip.
Surely you jest!

J.Chip
A 2nd recommendation to check out the Mojo Audio Mystique EVO dac.  R2R, $6k for base model that can be upgraded in a lot of ways.  Good review here:

https://www.audiophilia.com/reviews/2020/5/21/sigmanmojoevodac

I've owned it for a couple months.  Loving it.
Yes the Mojo Mystique Evo is the top of list. This dac simply has to be heard to be believed. Won’t find a more natural and right sounding dac for any amount of money.  Ben offers a trial period so give it a listen. I suggest adding the Lundhal AM chokes for the analog board.