(Updated March 27, 2021) At the time of writing, Dash is the 20th largest cryptocurrency by market cap, with a total value of over $ 1 billion. The Dash price is currently around $ 119 and, along with other coins, is around 90% below its all-time high. We’re going to take a look at what’s happening to the Dash ecosystem and build trading charts to create our Dash price prediction for 2019 and beyond.
The coin itself was launched as a fork of Bitcoin in 2014. Since its inception, it has since spent a lot of time as one of the most valuable cryptocurrencies in circulation. In March 2017, Dash experienced a meteoric rise to become the third most important cryptocurrency for a period of time.
Dash’s goal is to provide a fast, limitless, and untraceable currency for transactions. This is achieved through two functions – “InstantSend” and “PrivateSend”. These functions are deactivated by default. Users have the option to activate or not.
Dash has established itself as both a transaction currency and a privacy-focused coin. It is often referred to as one of the most famous privacy coins along with Monero and Zcash.
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Understanding the Dash Master Node
Dash has a unique opportunity for coin holders. Instead of mining coins like with Bticoin, Dash offers a system of master nodes that allows holders to earn passive income. For more information, see our guide to the Dash Master Node.
In terms of Dash price, Master Nodes are an important element in the ecosystem as they ensure that a significant amount of Dash Coins is not put up for sale. They are tied to the master node system and pay holders (you can read more about payouts here) but also create a relative scarcity for Dash coins. If and when Dash gets more buyers, the demand mixed with that scarcity can drive Dash’s price even higher.
Of course, there is still a lot to learn about Dash’s mining operations. For more information, see our guide to dash mining.
Expert opinion on why Dash will go up
Dash is an open source cryptocurrency and was derived from the Bitcoin protocol. The coin gives users the freedom to move money at will for less than a dime. The platform has found its way into Venezuela, Colombia, and is slowly expanding its presence in Thailand. Because of these developments, the price of the coin has increased significantly since its inception. Let’s look at why experts believe the price of the coin will go up.
TradingBeast predicts that the price of DASH will be around $ 42 by early February 2020. The expected maximum price is $ 58 and the minimum price is $ 39. The coin is expected to be around $ 46 by the end of the month.
In March, the price of the coin is expected to hit $ 46 by the beginning of the month. The maximum price is expected to be $ 62 and the minimum price is expected to be $ 42. By the end of the month, the price is expected to be around $ 50.
The price is expected to hit $ 50 in early April. The maximum price is expected to reach $ 67 and the minimum price is expected to reach $ 45. The coin is expected to be around $ 54 by the end of the month.
Forecasts continue and by December the coin is expected to start trading at around $ 74. The minimum price is expected to be around USD 64 and the maximum price around USD 95.
A recent article on the top 5 cryptocurrency performers a leading crypto publication stated that the recent launch of version 0.14 on the mainnet improves the network’s security against 51% mining attacks, the first evidence of the work. Because of these developments, the price of the coin rose 58% from 2018 to 2019, and this is expected to continue as the platform continues to grow.
Roman Ferrez, CEO of 2gether, recently made positive comments about the Dash coin. In an article published on another leading publicationFerrez stated that Dash is one of the most widely used cryptocurrencies and that its inclusion in the list of 9 digital currencies opens up new markets for them in the Eurozone. This shows that Dash has great potential and that the price will be positively impacted as it continues to penetrate different markets.
In addition, Ryal Taylor, CEO of Dash Core Group, said positive after saying that adding the coin will strengthen the bridge between fiat-based financial markets and cryptocurrencies, and provide better ways for euro area citizens to get more benefit from decentralized payments .
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Other factors influencing the price of Dash include:
The Dash community is getting stronger
DashRoots recently announced the launch of its platform. It will help individuals and teams get better access to finance through the Dash community.
Martin, one of the founders of DashRoots, says the platform helps grassroots people bring their talents and skills to Dash. It does this by crowdfunding their ideas directly from the Dash community.
He adds that the Dash treasury is a crucial part of the network. It enables evolution, but sometimes it’s too expensive to fund small ideas. This is where dashroots help most. Helping people raise smaller amounts to bring their skills and ideas to the grassroots project, “where small things can become big things”.
This type of activism could lead Dash to the top in crypto adoption and beyond innovative ideas like the SMS-based wallet launched in Venezula.
There was a recent study of cryptocurrency transactions that found Dash to be one of the most widely used currencies for small businesses. It is something that indicates its real use as money. The study included collecting data from top cryptocurrencies from BitInfoCharts.
It was then used to compile statistics and trends indicative of the nature of economic activity on various networks. The results make for an exciting read. The statistics show that Dash has consistently maintained low average and median transaction values. Hence, Dash is mainly used for retail purchases and other similar purposes.
Anypay merchant data also supports the hypothesis. Plus, despite the decline in other cryptocurrencies, Dash transaction volume data has remained constant since the speculative winter bubble.
It shows the increase in trader transactions that counteract the decline in speculative trades.
Dash Addition on the leading Brazilian stock exchange
One of the leading Brazilian crypto exchanges recently announced that it is integrating Dash on its platform. This would help greatly expand consumer and merchant access to the cryptocurrency.
In a February 28 tweet, Coinbene praised Dash as a coin that would revolutionize the whole country, and it’s also a currency that will be consistently valued even in the low market due to the coin’s focus on real-world usability could.
Currently the exchange has over 3 million active users around the world and offers over 100 crypto pairs. It also has the lowest fees in Brazil for buying and selling crypto at 0.10%.
This move comes at a time when Dash has seen rapid growth in South America, particularly Venezuela and Colombia. The addition to one of the leading exchanges in Brazil will help the coin further expand its hold in Latin America as it gives consumers and traders more options to buy and sell.
DASH Price Prediction TradingView Analysis Updated March 27, 2021
DASHUSDT by RNR_ on TradingView.com
This analyst shows that there is an initial scenario for DASH / USDT where it could break the resistance line and move towards USD 240. There is also a strong level of support around USDT182 and USDT189. 240 USDT is also a strong resistance level.
The second scenario shows that if it cannot break the line it may be lower than the current support line (this is a very strong support). Additionally, the analyst explains that this is less likely considering that Bitcoin is currently in a stable state (it wouldn’t fall anymore but could certainly move towards $ 70,000 in the near future).
🔥 DASH In A Channel from FieryTrading on TradingView.com
For the DASH / USDT trading pair, these analysts show that the digital currency is lagging behind other digital assets. If the bull run continues, it may follow the same slow behavior. Additionally, DASH appears to have ricocheted off the lower support of the channel and is rising again.
The entry level for DASH on the Binance exchange was around 228 USDT. There are two levels of resistance at around 250 USDT and 263 USDT.
It’s worth noting that the analyst believes it might be a good idea to wait for the price to go above the entry level before entering.
Buy My Dash from cowboysdepot on TradingView.com
The analyst shows that there was a buy signal close to USDT 200 per coin. At the same time, he stated that Dash followed Bitcoin in that slump but the stop loss remains. He believes Bitcoin could react near the Fibonacci level of 0.618.
At the same time, he says that if Bitcoin is to go back down, the trade should close at 284.25. Additionally, there are two main targets in case the market turns bullish. The first target is 373.96 per dash and the second is 421.42 USDT. Still, we have to wait for the market to become bullish.
DASH can run much higher if SvarogPerun’s btc on TradingView.com stays stable
The Dash analyst shows that DASH could head towards $ 300 in the near future. To do this, the virtual currency has to break the current resistance of USD 224 per coin. This becomes difficult considering that it has been tried lately but to no avail.
Of course, DASH is tied to the price of other virtual currencies on the market, including Bitcoin. Eventually, if the entire crypto market continues to move up, DASH could expand too. At the moment, it may take some time for a new outbreak to occur. However, this is not financial advice and the market could definitely fall.
Potential for great pump by pouyam89 on TradingView.com
The analyst shows that Dash broke the downtrend triangle and hit $ 150 per coin. However, it re-tested the USD 100 price level region that was now supported and before there was resistance.
As can be seen from the chart shared by this TradingView analyst, the next resistance level for DASH is 290 USDT, 400 USDT, 505 USDT and 620 USDT before its all time high. Even so, we are still a long way from these levels.
It could be possible that DASH will trade at these levels when a new rally for the virtual currency begins. Of course, we are closely following the trend that Bitcoin is following.
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Conclusion and price prediction
Interested long-term parties can get a part or a whole master node at a cheaper price.
As stated above, there is hope and optimism in Dash, which is evident in the diagrams above. So we can expect Dash to perform better in the months ahead.
If you want to buy (or trade) your Dash, there are many exchanges available to you. We recommend trying out Kucoin. Instructions can be found here (note: we do not have these instructions).