Dash (DASH) Price Analysis: Upward Trend For Dash To Continue; Will It Reach $200 By EOY?

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Dash has recently been integrated by MasterCard earlier this year, and the group is also setting up organizations with existing settlement suppliers and monetary establishments to diminish the general expense of settlement.

CEO of Dash core group has stated that Dash is more popular and widely used than Litecoin and Bitcoin in Venezuela. He also stated that Dash Investment Foundation would be entrusted with fortifying the Dash organize through speculation activities supported by the system itself.

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  • Post the above announcements, the price of the coin has seen a sharp rise.

Let us understand the price analysis of the coin:

Dash

  • Currently ranked at number
  • As per 6:54 UTC time, the market value of the coin was 1,433,986,104 USD.
  • Price of the coin is 162.62 USD.
  • 24-hour volume figures are 453,764,797 USD.
  • 8,817,914 coins are currently in circulation.
  • Return on investment of the coin is more than 9000 %.

Comparison:

  • On 29-January-2019 2:01 UTC, the price of the coin was 44 USD.
  • As compared to the prices of the coin from 29-January to date, there has been an upward trend in the price of the coin by more than 137%.
  • The market value of the coin has also increased by 58% as compared to January figures.
  • The price of the coin has seen a steady rise from January 2019 till date without a massive downward reduction.

Prediction:

We can predict that the Dash coins would be traded at around $ 200 by the end of this year and the upward trend in the price is expected to continue with prices reaching around $756 by the end of 2020.

Conclusion:

Dash’s hardware upgradations which are expected in the year 2020 will gradually provide access to a larger network with enhanced functionality. It is also rumored regarding an announcement of a new team, namely Dash Labs, which will aid the currency space to be more reliable and transparent. All these will prove to be an extraordinary progress point for DASH, and the price of the coin might be as close as Bitcoin in the near future. So definitely it is one of the best options and a good investment to purchase Dash coins now and sustain in the long run for a period of at least 5 years for expected returns of around $ 5000.

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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