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Price Analysis

Dash (DASH) Price Analysis: DASH Coin Theft Couldn’t Harm The Growth Story; Bullish Days Ahead

  • Dash coin experienced a theft over 75000 units of a coin.
  • Current resistance at 140 USD and 2019 prediction rests at 160 USD.

Dash (DASH) has been subject to malicious defamation due to the theft that happened recently. The theft cost the users a whopping 75000 units of Dash coin. Dash (DASH) has started to be used extensively by the distressed people of Venezuela and Colombia. In these two countries, the financial system has virtually been destroyed, and the extreme interference by the respective Governments has made the people depend on cryptocurrencies more. However, this theft could not impact the growth pattern of Dash (DASH) in a big way. The bullish medium-term prediction rests at 160 USD by the end of this year. We should analyze the current status of the coin in details to understand the pattern.

Current Statistics-

Dash

  • Dash (DASH) is the 13th largest crypto coin in the global market.
  • The ROI (Return on Investment) stands at more than 9000%.
  • A total of 8,807,382 DASH coins are in current circulations.
  • The market cap as on 15th May at 02:19 UTC stands at 1,260,799,664 USD.
  • The value of each coin stands at 143.15 USD and 0.01788675 BTC.
  • The 24h volume at the same UTC stands at 404,817,694 USD.

Comparison-

Dash (DASH) has shown a tremendous growth line over the last 4 months. It started the year with 79 USD mark, and it grew gradually. But the highest growth was made after 1st April when the coin gained 33% in just 4 days. From there the coin has sustained the growth line. The market cap as on 15th April was 1,085,122,427 USD. And the value of each Dash coin was 124.00 USD and 0.02396105 BTC. The current market cap and the value of each coin in USD is respectively 16.18% & 15.44% more than the value of the previous month.

Prediction-

As mentioned earlier, the value of Dash (DASH) is to expand from here. The next three resistances will be there at $140, $150, $160 and the support level would be at $136, $134, and $ 132. It shows the medium term as bullish and by the end of 2019; the value will be resting at 160 USD. The short term outlook is also bullish.

Conclusion-

As the short term outlook is bullish, this is the perfect time to buy fresh coins now. Long term holding also will give yields over twice the current investment.

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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.

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