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Price Analysis

Dash is Making a Noticeable Spike with its Bullish Line

With the advent of Dash in the world of digital currencies, a significant uproar was noticed in the billion dollar cryptocurrency club. This altcoin is aimed to provide quicker transactions with greater security and privacy. The reason why it made a significant upsurge in the crypto world is due to the fact that it had even surpassed $1 billion market cap just when it started making bigger gains. In early 2017, a single DASH worth only $11 but, this hiked to $100 by March 2017. The sharp increase in its value is contributing to the ongoing interests among the investors and traders to splurge in this cryptocurrency for making handsome profits.

Current status of Dash in a peek
  • The current value of dash is $87.87 (UTC 09:42).
  • Its market cap is currently trading at $759,157,775 USD.
  • It is in the 15th position in the cryptocurrency market.
  • Its current 24h volume is set at $311,731,057 USD.
  • Currently, 8,639,222 DASH is getting circulated in the crypto world.
Price analysis of DASH from the below-given chart:

Dash chart

On the basis of the above DASH carts, the current value of this crypto is $88.65 or 0.02256369 BTC (UTC time 09:49). Its current market cap is traded at 765,801,309 USD with its 24h volume of 290,142,257 USD. If its price on January 27, 2019, is concerned, we can see that its price was $73.99 then. So, from its price analysis of approximately one-month period, it is evident that DASH has hiked up its value by 19.81% and its earlier value of $82.37 has provided good support to regain this bullish trend.

Future Price Predictions of DASH

According to the cryptoanalysts, investing in this cryptocurrency has never been a devastating mistake. There have been fluctuations in its prices but, it has never deterred that low which can incur a great loss to its community and developers. The crypto analysts assume that in the next five years, the value of this cryptocurrency can even reach a height of $5000. They also suggested that if some investor is looking to get good returns from this crypto at the end of this year, they can at ease proceed with their investment on DASH as they are sure to make their wish fulfilled. The analysts consider the return on DASH as astronomical if the above-mentioned 5-year plan is taken into concern. So, this is one of the cryptocurrencies, that one must not exclude from his list when splurging on cryptocurrencies are concerned for making great digital assets.

Summing up

DASH is undoubtedly a very interesting cryptocurrency to watch out for. With its current resistance of $88.65, it has the ability to give good returns to its investors. Even, from the long term forecast of a 5-year plan, it is seen that its value will remarkably increase thus, providing a good assurance that splurging on this cryptocurrency can never be a futile effort.

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David Cox

David is a finance graduate and crypto enthusiast. He projects his expertise in subjects like crypto and Blockchain while writing for CryptoNewsZ. Being from Finance background, he efficiently writes Price Analysis. Apart from writing, he actively nurtures hobbies like sports and movies.

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