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Price Analysis

Dash (DASH) Price Analysis: Dash Trading Volumes On The Rise

Dash is the only cryptocurrency which has managed to merge the offline and online world through its technology Because of this innovation; it is expected that the Dash volumes are going to increase in the near future provided it is able to abandon the Bitcoin peg.

Let us understand the price analysis of the coin:

Dash Chart

  • Dash is currently ranked at number 14.
  • As per 9:29 UTC time, the market value of the coin was 1,295,402,864 USD.
  • Price of the coin is 146.85 USD.
  • 24-hour volume figures are 404,301,585 USD.
  • 8,821,511 coins are currently in circulation.
  • Return on investment is greater than 9000 %.

Dash Price Comparison:

  • On 29-January-2019 2:01 UTC, the price of the coin was 68.44 USD.
  • Looking at the price of the coin from 29-January to date, there has been an upward trend in the price of the coin by more than 114%.
  • The price of the coin has seen a positive trend from January 2019 till date without any major falls and now seems to be fairly stable.

Dash Price Prediction:

At present, the crucial resistance level for DASH is $170. At the end of this year, the price of Dash can be estimated to be around $130.By the end of 2020, it has the potential to become one of the top 10 coins in the digital world, and prices might reach an all-time high of $500.

Conclusion:

Economic situations are changing, retail financial specialists are refreshing their ways to deal with structure their computerized portfolios, and under these conditions, Dash gets an opportunity to reverse the situation to support them. In the long run, the price predictions for Dash seem to be on an upward trend and more or less stable. It is advised not to look at Dash as a short term investment; rather it can prove to be a great asset when being sustained for more than a year.

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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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