Dash is a decentralized, open source and peer-to-peer blockchain based cryptocurrency that is fully structured in a way that separates administration from mining. Miners are responsible for the creation of new blocks. Master nodes are in charge of governance here for the execution of Dash payment services, Instasend and Privatesend. Whilst Instasend transactions are faster and lower in cost, Privatesend users can make their transactions anonymously which will be non-traceable as opposed to public transactions carried out on the Blockchain Network.
Dash is the major and the 15th largest digital currency based on the current mcap value as on March 29 at 08:39 UTC is USD 841,463,297, its price trading at $97.48 and its 24h volume is $268,448,683, as per stats from CoinMarketCap. The market cap value is influenced by the circulating supply of 8,715,134 DASH coins out of the maximum supply of 18,900,000 BTC. A recent analysis revealed that the market cap value has been on a zest. The numbers rose by 17.78% between February 28 and the current value. This digital currency is highly volatile, and hence, there have been a few highs and lows in the past years. The first peak since the mcap value of the currency opened at the beginning of the year was between January 07 and 10, when the values crossed 720 million USD. Eventually, the market started going downtrend for a brief period, with the values going as low as USD 566,344,407 and the corresponding selling price of DASH was 65.73 USD on February 07. The second peak was between February 19 and 24; the MCap value reached an all-time high on February 24 with the value trading at USD 797,969,470 with its corresponding price at 92.27 USD. The values have been on an uptrend with inconsequential lows for a major period. The current value at 08:39 UTC is the all-time high for the cryptocurrency. The exponential moving average highlights the rise in a price value that offers good resistance support. The stabilized growth in the market gives the bulls an upper hand.
The currency, on the whole, is on an uptrend by itself. So Dash Predictions with highly raised values will not come as a surprise. U.Today gives a very optimistic prediction for the future of the cryptocurrency and expects the price to reach a high of 450 USD by the end of 2020. BeInCrypto predicts that there will be a surge in Dash’s value by the end of 2019 and the selling price per coin will increase to 140 USD. And in a period of 5 years, the price might soar up to 700 USD. Technical analysis from digital coin price estimates the price to reach 127.57 USD by the end of 2019. However, the analysis from Long forecast is a bearish pessimistic prediction. They estimate a devaluation of the currency’s rate by 70% by the end of 2019.
The current value of DASH is in support of the buyers. With Dash’s hardware developments are due for arrival in 2020. This gives a strong hope for the surging price values of the cryptocurrency in the future. The investors can rest assured about higher returns from the investments in this crypto coin. The moving averages and the market trend back the booming values.