Price Analysis

Dash (DASH) Price Analysis : Crypto Analysts Foresee Dash as ‘Coin of Future’

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Dash is the next generation cryptocurrency based on the Bitcoin software. Dash has already solved many problems of Bitcoins by speeding up transactions, offering more apt financial security and by enabling a decentralized governance and funding system. It keeps the payments completely private due to which it is untraceable. Dash is powered by Masternode network-an innovative technology, known by InstantX. When someone sends money on this platform, he can select the “Use InstantX” box in their wallet, and their transactions will be done in less than 4 seconds. Dash is global, has advanced encryption protocol, and its transaction fees are minimal.

Current status of Dash

DASH is currently getting traded at USD 84.43 (UTC time 08:18). It is at the 15th position in the present cryptocurrency market with its market cap worth of USD 733,208,706. It has a circulating supply of 8,683,794 DASH. Its current price is on a bullish trend by 2.15%.

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Price analysis of DASH on the basis of dash charts

DashFrom the above chart, it is evident that the current trading value of DASH is 84.03 USD or 0.02161471 BTC (UTC time 08:22). Its present market cap is getting traded at 729,684,204 USD. Its 24h volume has a trading value of 201,173,051 USD. The same chart shows that approx. One month earlier, the value of DASH was 86.08 USD. So, in this approx. One month period, the value of DASH has been reduced by -2.38%. Its price ranges have been on a bearish trend in this one month.

Future price prediction of Dash (DASH)

According to majority crypto analysts, Dash can reach a value as high as $5000 in the next five years. The appreciation of this project is pretty appraising. According to the analysts, even if someone invests for this year only, he can be able to make handsome profits by the end of this year. The return is undoubtedly astronomical if one considers long term investment. Very soon, Dash will be coming with a bunch of new developments and updates including contract data triggers and contract versioning. With these developments to come in the first quarter of this year, it is expected that Dash will easily recover above $100. However, it depends on the intensity of the volatile crypto market. By 2023, its value can be close to $700 for; there will be definitely some recovery in the general market sentiment of the crypto arena.

Considering all these, we think, Dash can be close to $120-$140 by the end of this year. And if the bear trend remains very strong, then, its price can even deter to as low as $20 in 2019.

Conclusion

Dash in terms of its technology is highly promising, and with more developments, it is confirmed that they can have a number of investors in the upcoming days. Its value will tend to be on a positive trend only if the volatile market doesn’t impact DASH majorly. Otherwise, its value can deter significantly. It’s better to wait for some more time and then making investments on DASH at the right time.

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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