Price Analysis

Dash (DASH) Price Analysis: By Enhancing Dash’s Network, The Developers Of Dash Are Trying To Regain Its Value

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According to the latest update, Dash’s developers have announced its new value propositions that comprise of Dash, DAPI and Dash Drive. The Dash Core Group is now focusing on upgrading the network in such a way so that it can be the most user-friendly crypto wallet to date. For building this, DCG is developing Dash Platform that leverages Dash’s blockchain and masternode network. As per the claiming of the developers, this new venture can enable the creation of data contracts. It can help validate users’ data before it gets uploaded to Dash drive via state transitions.

With this great news, the crypto analysts are of the opinion that Dash may regain its value back from its depressed condition to some extent.

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Current status:

  • Current price: 165.84 USD
  • Current market cap: 1,462,646,133 USD
  • Market rank: 14
  • Circulating supply: 8,819,716 DASH

Price analysis and future price predictions:

Dash

The above chart shows that at present DASH is getting traded at 165.48 USD or 0.02090702 BTC (UTC time 08:30). Its current 24h volume is worth of 410,198,349 USD. The same chart shows that approx. 1 month earlier, DASH had a trading value of 108.29 USD. So, within this approx. 1 month, the value of DASH got increased by 52.81% with 150.55 USD as a good support resistance.

On the basis of its current developments and price analysis, we assume that Dash can somewhere be around $800 by the end of 2019.

Conclusion:

Dash was suffering greatly from its fluctuating bearish trend, but with the promising claims of its developers, it seems that it can regain its value back to some extent. It is better not to invest in this current and to wait for the right time to consider investing for long term basis.

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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