Price Analysis

Returns From Dash Can Be Astronomical, Guesses A Group Of CryptoAnalysts

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The word ‘Dash’ is a combination of “digital” and “cash,” and this crypto was launched on January 18, 2014, as “Xcoin.” Later, it was renamed as “Dash.” Dash, like Bitcoin, is also built on blockchain technology with more apt features. Dash is recognized for its provision of stronger security and great transaction speeds than Bitcoin. Dash has its unique model called “masternodes” which help it to perform better. Apart from this, Dash is a self-funding and a self-governing model. This cryptocurrency is forked from Litecoin. Dash with its unique interface can even be used for making offline transactions. It is private, and it has more than 4500 servers which are hosted globally. In the upcoming years, the price of a dash is subjected to increase significantly, and this is the reason why crypto analysts think that its return after five years can be astronomical.

Current stature of Dash
  • Dash has occupied the 15th position in the crypto trading market.
  • Its current market cap has a good value of USD 711,472,918.
  • Currently, 8,651,888 DASH is available to trade in the crypto market.
  • Dash is currently getting traded at USD 82.23 (UTC time 05:30).
  • Compared to its yesterday’s price, its value has been hiked by 0.07%.
Price analysis of Dash on the basis of Dash charts

Dash chart

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From the chart above, it is seen that the current market price of Dash has a value worth of 82.68 USD or 0.02148593 BTC (UTC time 04:59). Its current market cap is getting traded at a value of 715,353,448 USD with 24h volume worth of 210,491,974 USD. From the same chart, it is seen approximately one month back, the value of dash was 68.89 USD. Taking consideration of these two prices with a nearly one-month period gap in between them, it is evident that the price of Dash has uplifted by 20.01% in this approx. One month period. So, Dash is on a bullish trend until today in spite of the great volatility of the cryptocurrencies. Its previous price of 74.93 USD has provided a good support level to its price hike.

Future price predictions of Dash

Crypto analysts presumed that after five years from now, the return from Dash could be as high as $5,000. This huge value is not a thing to ignore, and it also provides a solid reason for the investors to splurge on this crypto keeping in their mind about the long term investment of 5 years. Apart from this, Dash is ideal for it is already linked with various payment programs and has gradually become one of the best options for both offline and online transactions. It depends on the company regarding how well they will be able to make good partnerships with more merchants and payment processors so that they can increase the number of Dash tokens. Some crypto analysts have assumed that the price of Dash may touch $950 at the end of this year and by 2020, it can reach $1869 which is good. By the end of 2023, its value can be as high as $2822.

From the price predictions, it is evident enough that Dash is gradually getting into the frontline in the cryptocurrency trading market not just for its striking values or bullish trend but, because of the ample benefits that it has been providing to the investors and merchants. The more there will be an increase in the number of Dash tokens, the better opportunity it will be for the traders to trade with this crypto and its value will automatically rise.

Summing up

Dash is definitely one of those cryptocurrencies which can impress traders with higher returns after five years. From the price predictions and also keeping in mind about the facilities of Dash, it is our verdict that investors should take this crypto in concern if they want to have a good amount of profit in the future.

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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