Price Analysis

DASH Price Analysis : Can One Expect Higher Returns From Dash This Year?

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Dash is referred to as Next Generation Digital Currency. It was forked from the Bitcoin protocol, and it is also a decentralized autonomous organization (DAO). Dash blockchain is controlled by a network of master nodes which provides security to this blockchain. It was launched in 2014 with the initial name as Xcoin. It was renamed as Darkcoin and then, again as Dash in 2015. Dash has earned immense repute for its decentralized governance system.

Current Status of Dash (DASH)

At present DASH is getting traded at USD 80.33 (UTC time 08:04). It has occupied the 15th position among all the cryptocurrencies that are getting traded in the crypto exchanges. Its present market cap has a value worth of USD 696,564,966. Currently, 8,670,944 DASH are in circulation. Compared to its yesterday’s price, the value of DASH has been reduced by -0.01 %, and it is currently following a bearish trend.

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Price analysis of DASH on the basis of dash charts

DASH Chart

The above charts show that currently DASH is getting traded at $80.31 or 0.02130433 BTC (UTC time 08:08). Its current market cap has a value worth of 696,385,824 USD. Its current 24h volume is valued at 242,915,329 USD. The same chart shows that one month back, the price of DASH was 75.11 USD. So, considering and comparing these two price points, we can say that the value of DASH has been hiked up by 6.92% with 81.09 USD as a very good support level.

Future price predictions of DASH

According to some crypto analysts, the value of DASH will fall further in 2019, and it can even lose 20% of its valuation just like in 2018. In spite of the long bearish trend in 2018, DASH continued to maintain a good trade volume of above $150 million/day throughout the second half of 2018. It indicated that it had a number of users even at that time also. According to WallInvestor’s prediction, Dash is a very poor option to invest in this year. Its value is expected to crash significantly which can incur great loses to its investors. The long term forecast shows that DASH can crash to just $10 by the end of this year and afterward, it will make a slow recovery. The crypto analysts assume that after five years, Dash is potential enough to reach at $700.

From the above price predictions, we can say that 2019 is not a good year to invest in this crypto since it will be towards the bearish trend line. The investors must wait for 2020 when it is expected to make a good recovery in its price ranges. If investors are considering for long term investment, they can consider DASH in their cryptocurrency list.

Conclusion

Overall, it’s our verdict not to splurge on DASH currently. Investors should wait for the right time to invest on Dash.

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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