Price Analysis

Dash Price Analysis: Latin American Demand Is Pushing Dash To Newer Heights

eToro
  • The Latin-American demand has pushed the coin to 100% increment in valuation.
  • The 2019 target should be 300 USD.

As the whole crypto world is trying hard to replace the well-established financial system with cryptocurrencies, there are few coins which have already made the breakthrough. Dash coin is one of those few coins. It has been successful in the Latin American countries, including Venezuela. Though Venezuela is yet to accept the coin officially, the Venezuelan people have been really dependent on this coin since the financial crisis. This has resulted in a greater demand for the coin in the global sphere. This has inflated the value of each coin by 100% in the last three months. We predict a brighter outlook for Dash coin (DASH) in the medium-term. The value should be around 300 USD by the end of 2019. Let us now look at the current figures of the coin.

Dash Price Current Statistics-

Dash price chart - may 29

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Dash (DASH) 29th May at 02:08 UTC
Rank 14
Circulation Coins 8,831,168 DASH
ROI (Return on Investment) Above 9000%
Market Cap 1,477,681,423 USD
Price in USD 168.14 USD
Price in BTC 0.01931877 BTC
24h Volume in USD 491,790,392 USD

Dash Price Comparison-

Dash is one of the best performing coins of recent times. Though the initial days are a little low for the coin and it also caters the lowest point of the coin at 66 USD, the latter part of March gave Dash the required push. During 26th March to 08th April, the coin gained 52% in just 13 days. The market cap on 29th April was 970,246,754 USD. And the value of each coin was 112.67 USD. The current market cap and the value of each coin are respectively 52.29% and 49.23% more than the figures for last month.

Dash Price Prediction-

As mentioned earlier, we predict a bullish medium-term for Dash coin (DASH). The coin will be facing resistance at 180 USD and 200 USD price level. By the end of 2019, the value should be around 300 USD. There might be few instances of steep ups and downs.

Conclusion-

Looking at the current trend and our projections, it can be said that it is a good time for buying Dash coins. Long-term holding with special attention towards resistances will give huge profits.

Roxanne Williams

Roxanne Williams has recently joined as a market reporter for CryptoNewsZ - the 24/7 crypto news site, where she produces recent stories, technical analysis and price updates on world's leading cryptocurrencies.

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