fbpx
Price Analysis

Dash (DASH) Price Analysis: Will Dash Coin be Able to Stand after the Sudden Fall?

Smarter_way_USA

Dash coin (DASH) is a crypto coin with a special aim towards the privacy of the users. Along with privacy, the less turnaround time taken for the transactions is also a major USP of the Dash coin (DASH). It was previously famous as Darkcoin because of its anonymity features. All the transactions of Dash coin are based on a decentralized platform, where tracking is not possible. It has the InstantX technology, which allows the instant implementation of the transactions and no reverse of the transactions are possible as no centralized authority is in play.

Current Statistics-

DashWith more than 9000 % of ROI (Return on Investment), the coin is ranked 13th in the crypto market. The total Dash coins in circulation of the stand at 8,759,786 DASH. The current market cap as on 20th April 02:09 UTC is 1,081,880,584 USD. The value of each coin stands at 123.51 USD and 0.02328414 BTC. The 24 h volume stands at 253,807,546 USD at the same UTC.

Comparison-

Dash coin (DASH) has been subject to many inconsistencies in the last 100 days. Dash coin started the year with 79 USD price level. It has gone through many ups and downs. The lowest point was reached on February 7 at 66 USD price level. But, the fall was temporary. It soon gained momentum. But the highest percentage of growth was seen after 1st April. Dash coin (DASH) gained almost 30 % in 3 days. But this gain was also temporary. The market is going through a price correction stage. The same is happening with Dash coin as well. It is now being traded at 123 USD level. The market cap on 20th March was 805,886,400 USD. The value of each coin in terms of USD and BTC stood at 92.65 USD and 0.02288512 BTC respectively. The current market cap is 34.24 % more than the market cap of 20th March. And the value of each coin has gained 33.3 % in the last 30 days.

Prediction-

As mentioned earlier, the coin is in the price correction stage. The value may further fall to 110 USD level. But after that, it will grow gradually. Any quick upsurge is not anticipated for now. The long term outlook is absolutely bullish. The price by the end of next quarter should be at 135 USD to 145 USD. We predict the coin to reach 200 USD by the end of the 1st quarter of 2020.

Conclusion-

Short term holders are advised to wait for the price correction to end before buying more coins. Long term holders should stick into their investment.

Tags

Scott Cook

Scott Cook got into crypto world since 2010. He has worked as a news writer for three years in some of the foremost publications. He recently joined our team as a crypto news writer. He regularly contributes latest happenings of crypto industry. In addition to that, he is very good at technical analysis.
Event Information
Event Information
Back to top button