Price Analysis

Dash Price Analysis: Bitcoin Anchor Creates Price Pullback In DASH

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Bitcoin is a major currency in Crypto market, and if it embarks a bearish trend, the price rush affects many coins in the market simultaneously. The market is experiencing a bearish trend today. Almost all altcoins have turned red. The same has influenced Dash too. The market open at $161, but at present, the coin is dealing at $150. Within the matter of a few hours, the coin dropped ten digits.

Dash is performing well from the last month. The current Bitcoin dominance has forced the currency to drop, but the future could be better than today.

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Let’s see what the stats tell us for the coming days in Dash.

Dash Coin Statistics:

  • The coin is at the 14th rank in the crypto market.
  • As on 4th June 2019, at 06:56 UTC, the price of Dash is $149.409.
  • The market cap stands at 1,328,327,381 USD.
  • The 24hr volume of Dash is 453,857,916 USD.
  • The circulating supply of Dash is 8,847,156 DASH.

Dash price chart - june 4

As on 4th June 2019, at 06:56 UTC, the three months’ chart of Dash reflects progression in the price. In the March month, the curve forming in the chart is steep, which means there was a price upsurge. The same continued with few ups and downs in May month. The curve is May is deep and tilted towards upwards.

Here, the graph of Dash is reflecting that dealing in the currency won’t go futile. Although there is a bearish trend today, but soon it will show some recovery.

Dash Coin Price Prediction and Comparison:

The price of Dash was marked as $78.57 at the beginning of the year 2019, and the current price is $149.40 shows that Dash has almost doubled itself.

If we compare the price of 9th May 2019 which was $117.74 with the price of 4th June 2019 which is $149.40, the hike reflects an increase by 26.88% (not bad at all!).

The increase in the price is steady but consistent, which points towards a brighter future.

The price prediction at the moment would be astronomical because the current price drop recovery point is hard to guess.

Conclusion:

People looking for long term investment can purchase more coins in the coming days as we are expecting the market to suffer a bear run. For short term investors, we would suggest to hold on.

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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