Dash (DASH) is currently the 22nd-largest cryptocurrency by market cap, with its m.cap sitting just below $500 million. Meanwhile, its price is currently at $54.07, after growing 6.47% in the last 24 hours. The coin's purpose is to be used as digital cash, which is where its name comes from.
However, as a privacy coin, it is often loved by the community, while despised by the authorities. This often leads to interesting price moves, and the ones that might take the coin further up are the ones that investors and traders are interested in, the most.
So, what will happen to DASH in the future? To know that, we must first analyze its past.
Dash can hardly be described as a young coin since it was launched all the way back in 2014. However, back then, a lot of people believed that Bitcoin transactions are completely private and that there is no need for a coin focused on privacy. This changed in 2017 when more people started entering the crypto industry due to increasing prices.
Soon enough, everyone realized that Bitcoin is not at all anonymous, but pseudonymous, at best. This allowed Dash and other privacy coins to shine, as privacy seekers started using them in greater numbers. From its launch in 2014, until early 2017, Dash's price has been on a constant rise, although the rise was nothing spectacular. The coin took 3 years to grow from $0.4 to $10, which is quite a long time.
However, in 2017, the situation started changing, and DASH surged from $10 to $400. As it approached a resistance at $500, it started losing its momentum, and it suffered a minor correction that took it down to $280. However, that's when the Bitcoin-led bull run took over, and DASH surged once more, this time to over $1,550 per coin.
As everyone likely knows at this point, the bull run had ended just as abruptly as it began, and the coin took a major nosedive down to $500, and then to $285, after the support at $500 broke.
In April/May 2018, the coin experienced another surge, once again reaching $500. Unfortunately, this did not last, and Dash has been dropping until the end of the year.
Then, as 2019 started taking off, so did the coin, with its price surging from $80 to $184, which is its highest point in 2019. This happened in late June, and once again, as the bull run ended, DASH started another series of drops, each of which was briefly stopped by a support level, only to result in breaking that support and continuing the drop, which leads us to its current price of only $54.
Dash's moves are not very surprising, and they can easily be explained by real-world events that took place over the course of the last two or three years. As the crypto community started attracting new members, transaction tracking revealed to people that BTC is no longer anonymous. As a result, people turned to privacy coins, and so Dash gained popularity.
It surged for as long as BTC itself did. Then, it started dropping alongside other cryptos, but in the meantime, crypto exchanges were discouraged from listing privacy coins by regulators around the world. As a result, DASH and other privacy cryptos started getting delisted rather quickly, which also contributed to the coins' drop.
The coins can still be found and purchased, although their availability is nowhere near where it used to be. New surges encouraged investors to start using DASH again, but the corrections once again convinced them that privacy coins are not going to get a pass by the regulator.
In the end, DASH has an ability to grow when times are good for the crypto industry, as it has strong use cases. But, the coin will always sink rapidly when times are tough, as traders tend to look for liquidity, stability, and availability, rather than privacy.
|#||Crypto||Prediction||Accuracy||CVIX||Price||24h||7d||Market Cap||Volume 24h|
|1||BTC||Bitcoin predictions||74.8%||41||$41 830.57||-4.04%||-3.12%||$787 608 951 535||$30 956 829 833|
|2||ETH||Ethereum predictions||73.2%||56||$2 900.30||-5.79%||-4.28%||$341 387 673 705||$16 948 397 599|
|3||USDT||Tether predictions||93.2%||1||$1.000560||0.05%||0.05%||$68 581 448 843||$67 387 184 321|
|4||ADA||Cardano predictions||68%||70||$2.12||-4.44%||-3.17%||$67 752 619 605||$2 735 590 029|
|5||BNB||Binance Coin predictions||68%||59||$338.82||-2.63%||-8.65%||$56 968 565 730||$1 441 932 933|
|6||XRP||XRP predictions||75.6%||50||$0.927879||-3.26%||-1.97%||$43 348 318 686||$2 723 347 351|
|7||SOL||Solana predictions||66%||68||$133.61||-8.48%||-4.91%||$39 737 184 358||$2 505 852 045|
|8||USDC||USD Coin predictions||92%||1||$1.000582||0.07%||0.05%||$31 278 878 412||$3 206 085 319|
|9||DOT||Polkadot predictions||68%||68||$27.57||-4.79%||-6.28%||$27 229 665 528||$1 489 527 276|
|10||DOGE||Dogecoin predictions||66%||63||$0.200266||-2.61%||-6.96%||$26 329 699 638||$833 434 793|
|11||UNI||UniSwap predictions||67.2%||68||$24.01||-1.04%||13.50%||$14 682 674 805||$1 173 159 622|
|12||AVAX||Avalanche predictions||60.8%||84||$66.00||-7.99%||4.98%||$14 539 183 357||$1 047 963 478|
|13||LUNA||Terra predictions||68.8%||61||$35.04||-4.51%||23.72%||$14 012 646 384||$1 534 292 582|
|14||BUSD||Binance USD predictions||93.2%||1||$1.000446||0.07%||0.02%||$13 532 124 274||$4 668 219 259|
|15||LINK||Chainlink predictions||67.6%||70||$23.36||-3.44%||-2.07%||$10 627 202 783||$1 044 812 386|
Get cryptocurrency price predictions, forecasts with analysis and news right to your inbox.
© 2015-2021 Crypto-Rating.com
The usage of this website constitutes acceptance of the following legal information. Any contracts of financial instruments offered to conclude bear high risks and may result in the full loss of the deposited funds. Prior to making transactions one should get acquainted with the risks to which they relate. All the information featured on the website, including information about the cryptocurrencies and bitcoin is intended solely for informational purposes, is not a means of advertising them, and doesn't imply direct instructions for investing. Crypto Rating shall not be liable for any loss, including unlimited loss of funds, which may arise directly or indirectly from the usage of this information. The editorial staff of the website does not bear any responsibility whatsoever for the content of the comments or reviews made by the site users about cryptocurrencies. The entire responsibility for the contents rests with the authors. Reprint of the materials is available only with the permission of the editorial staff.