Dash (DASH) Predictions: Dash’s Short-term Bearish Outlook is a Buying Place

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Dash coin (DASH) is a coin with a large orientation towards the privacy of the users. The instant transactions are the vital USP of Dash coin. It was previously known in the name of Darkcoin, due to its features of giving complete anonymity to the coin holders. It is operated on a complete decentralized platform, on which no tracking of the source of the transaction is possible. The InstantX technology allows the users to send funds immediately and the facility of irreversible transactions gives no centralized authority any power over the coin.

Current Statistics-

DashWith more than 9000 % of ROI (Return on Investment), the Dash Coin is the 14th largest coin in the crypto market. The total coins in circulation as of now stands at 8,744,561 DASH. The current market cap on 11th April at 04:04 UTC stands at 1,084,908,601 USD. The value of each coin in terms of USD and BTC stands at 124.07 USD and 0.02391030 BTC respectively. The 24 h volume stands at 308,295,067 at the same UTC.

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Comparison-

2019 has started with a lower note for Dash coin, but it has been showing consistency as compared to other major crypto coins. At the end of February, it showed some growth, and the major growth story started when all other major coins started to flourish. In a week, dash coin grew over approximately 30 %. The market cap of 11th March was 720,442,694 USD, and the value of each coin in terms of USD and BTC were 83 USD and 0.02106220 BTC respectively. The current market cap is 50.58 % more than the value of March 11 and the value of each coin inflated by 49.48 % since the last month. It should be noted that just 60 days ago, Dash coin was at its lowest rate of 65 USD.

Prediction-

As per experts, the increase in the value of Dash coin is not just because the whole crypto industry’s growth, but some internal factors specific to Dash are also at play. The short term outlook is looking bearish. The investors are advised to wait for some days to get a perfect deal for making a buying position. But, both the long term outlook as well as the medium-term outlook is looking bullish. The value in USD is now hovering around 124 USD. The next resistance should be felt near 128 USD to 130 USD. The end of this month may see the price bar at 135 USD again.

Trevor Holman

Trevor Holman follows crypto industry since 2011. He joined CryptoNewsZ as a news writer and he provides technical analysis pieces and current market data. He is also an avid trader. In his free time, he loves to explore unexplored places.

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