Price Analysis

Dash (DASH) Price Analysis : DASH can Trade up to $161.94 this Year

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DASH is a peer to peer, decentralized cryptocurrency platform. It is built on Bitcoin’s core code with the addition of new features like privacy and quick transactions. BTC is an open source platform that has its own blockchain, community and wallet infrastructure. Its transfer fees are also negligible. Evan Duffield created dash on 18th January 2014. DASH is also referred to as next-gen digital currency that is based on Bitcoin software.

Current status of DASH

DASH is currently getting traded at USD 94.00 (UTC time 07:53). It is in the 15th position in terms of its market cap. It has a circulating supply of 8,694,741 DASH worth of USD 817,324,792. It is currently running on a bullish trend of 2.55%.

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Price analysis of Dash on the basis of dash charts

Dash On the basis of the above chart, the current price of DASH is 94.40 USD or 0.02354142 BTC (UTC time 07:59). It has a current market of 820,819,236 USD with 237,965,331 USD as its 24h volume. The same chart shows that approx. One month earlier, DASH had a price point of 92.25 USD. So, in this period, the value of DASH has been raised by 2.33% with 92.38 USD as its good support resistance.

Future price prediction of Dash

In 1 year, DASH is expected to trade around $173.47. If the crypto market remains highly volatile, then, in 2019, it can even lose 20% of its valuation. As the crypto market will improve, DASH will rise above $300. In 5 years, DASH can even reach $700.

Everything is currently depending on how the crypto market will turn out to be in the future. Obviously, Dash community too has to be expanded with promising features so that it can have more number of investors in the upcoming future.

Conclusion

Dash is although a promising cryptocurrency, it can rise only if the crypto market swells up in future. The crypto market is highly volatile now so; Dash is not indicating any prominent hopes regarding any investment on it right now.

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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