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Dash Coin: Overview and Main Features


#Dash

At one point, investments in Dash were highly profitable. Many traders received significant gains from the Dash cryptocurrency when the price action surpassed a $1,500 benchmark back in late 2017. Later, however, the coin’s value dropped and was fluctuating throughout 2018 – a year of recession in the cryptocurrency market.

What’s its worth today, and should you invest your money in this highly-secure crypto with fast transactions? In this article, we will elaborate on the Dash expected price in 2021 and further on. Read on to know what major crypto advisors think about the future of the Dash coin.

Dash Coin: Overview and Main Features

First things first, let’s determine what Dash is and how it differs from other cryptocurrencies. Dash was introduced back in 2014, featuring a Bitcoin protocol as the first privacy-centric cryptographic currency. Back then, it held the name of Xcoin, which changed to the current Dash in 2015 after rebranding. The founders designed the cryptocurrency so that the governance and mining are split. While the creation of new blocks is the miner’s prerogative, master nodes are responsible for governance and execution.

The founders put anonymity and user privacy at the core of the coin. This is implemented with Privatesend, which boasts strong and reliable encryption. The service allows users to remain anonymous: all the transactions are non-traceable, unlike Bitcoin’s.

Besides the focus on user data privacy, Dash was designed to become an easy-to-use cryptocurrency that can potentially substitute traditional payment methods. With the rise of digital cash, so to speak, financial organizations entered a run for customers’ loyalty. Dash outperforms the competition because of fast and affordable transactions: with InstantSend, you can send money for less than a cent instantly. Even Bitcoin can’t boast such a service, which makes Dash promising crypto for daily usage. Another argument in favor of Dash is its accessibility. The Dash coin is traded on numerous crypto exchanges. It can be bought for other crypto and fiat currencies.

What Did Analysts Think About the Dash Price in 2020?

Before we move to Dash price predictions for 2021 and further on, let’s see what experts believed it to be in 2020. 2019 wasn’t a particularly good year for the coin. Its value fluctuated significantly. However, some believed that Dash might have taken an upward trend. Coinswitch, in particular, saw a promise in Dash’s hardware. It was supposed to be introduced a year earlier. The coin’s founders planned to put master node hardware on individual chips. This could allow every master node to set up its own data center and enjoy an improved functionality of a platform. 

Moreover, Coinswitch thought that the creation of a new team in Hong Kong, Dash Labs, was supposed to maintain the openness and transparency of a platform. Based on all these, the Dash price was expected to reach $950.

However, that was an over-exaggerated prediction, considering that at the end of 2019, the value in USD was only around $40. Nonetheless, many believed the price to rise – there were many predictions that it would have reached a $100 milestone once again. That’s exactly what happened at the beginning of 2020. Despite some fluctuation throughout the year, Dash was worth more than $100 in late December 2020.

Dash Technical Analysis

Dash price prediction is shaped by many factors, where technical analysis is among crucial ones. The technical analysis illustrates the future Dash price based on its past performance. In other words, you need to determine the fluctuation patterns and then implement them when forecasting.

Technical analysis implies evaluating the cryptocurrency in terms of several technical indicators. Based on them, one can determine whether to buy Dash or not. You can carry out the analysis on your own or consult with some reputable sources.

TradingView, for example, suggests buying Dash in a one-month timeframe. The decision is based on two popular technical indicator categories: Moving Averages and Oscillators. At the time of writing, Moving Averages generate the strong buy signals for the crypto, while the Oscillators remain neutral between purchase and sell.

What Will the Dash Price Be in 2021?

At the time of writing, the Dash price is set at $194, according to CoinMarketCap, which is a significant increase of 361% since January 1. This is a significant spike, proving that the coin is taking an upward trend in 2021.  However, $194 isn’t the maximum: the value reached $324 in February 2021. At that time, many believed that $600 was a real possibility. In particular, this was attributed to the Relative Strength Index (RSI), which was directed towards an overbought region.

Nonetheless, the majority is sure about the upward trend and increase in value in 2021:

However, this may not lead to an instant price increase. Trading Beasts, for example, predict that the coin will lose in value in 2021. At the end of the year, the price might go down to a minimum of $156.

Dash Price Prediction for 2022-2025

Generally, the Dash price prediction for 2022-2025 is positive. The majority of reputable sources believe that the coin will increase its value. Here is what can drive the growth:

However, the precise cryptocurrency predictions vary from source to source. Here are some of them.

Further on, the price movement is expected to be upwards. Dash will be equal to $276 at the beginning of 2023 and will gradually increase up to $324 at the end of 2023. 2024 will maintain the trend: a slight increase will lead to the valuation of $376 in December 2024.

Coin Price Forecast

Coin Price Forecast released a Dash price forecast for the coming years. It states that the value of the coin will keep increasing. The forecast looks as follows:

Year

Mid-Year

Year-End

2022

$441

$461

2023

$498

$573

2024

$636

$708

2025

$749

$813

The Verdict

Dash is a promising cryptocurrency that can potentially become widely adopted. If this happens, the coin’s price is going to spike significantly. Since some coins aren’t open for sale because of master nodes, the value will be able to increase with growing demand. There will be merely not enough supply. Mass adoption is a real possibility. Both PrivateSend and InstantSend contribute to the fact. The transactions aren’t only fast and affordable - they are also highly secure and non-traceable. The anonymity combined with speed is an ideal blend that drives customers to Dash.

Although currently, the coin is far away from its all-time high, many believe that it will follow in the footprints of other digital currencies, which successfully regained their positions after the recession.

All these factors contribute to Dash’s appeal to potential investors. That’s why, probably, the majority of niche experts believe in Dash’s bright future. For example, according to Trading Beasts, the price at the end of each year will look like this:

Year

Minimum

Maximum

2021

$156

$229

2022

$185

$272

2023

$220

$324

2024

$256

$376

This isn’t the most promising forecast, though. Some believe that the Dash price might even reach Bitcoin and equal $80,000. While this may sound like utopia, one thing is certain: Dash shows the potential for steady growth within the coming years.

Why to trade with Libertex?

Dash Price Prediction FAQ

Here are some final questions regarding the DASH price in the future.

Is Dash a Good Investment 2021?

Yes, Dash is supposed to be a profitable investment in 2021. According to the majority of forecasts, the coin will steadily increase. While it may not spike in value, it’s going to grow during 2021.

Does Dash Have a Future?

Yes, Dash has potential. Its secure and fast transactions may attract a lot of users if the founders manage to establish a number of strategic partnerships. This is the main reason why many believe Dash’s price will greatly increase.

How Much Is a Dash Coin Worth Today?

As of today, Dash is worth $215. The price is slightly fluctuating, which is not surprising.

Will the Dash Price Drop in the Future?

Dash is fluctuating. However, it’s unlikely to drop in value in the near future. Some experts, however, believe that its price will decrease until mid-2022 and will start to increase after that.

Is Dash a Fork of Bitcoin?

Yes, Dash was introduced in 2014 as a hard fork of Bitcoin. However, the cryptos have many differences: Dash features user data privacy and instant transactions.

How Is Dash Different from Bitcoin?

Dash offers anonymity and non-traceable transactions, which Bitcoin doesn’t do. Besides, it provides fast and affordable transactions.

Is Dash Mining Profitable?

Yes, it’s as Dash is going to increase its price. However, you need to ensure you have cheap electricity to minimize the costs.

Top Cryptocurrencies with Price Predictions

# Crypto Prediction Accuracy CVIX Price 24h 7d Market Cap Volume 24h
1 Bitcoin (BTC) BTC Bitcoin predictions 86.4% 18 $47 925.68 0.68% 6.58% $901 951 445 458 $27 919 462 130
2 Ethereum (ETH) ETH Ethereum predictions 76% 50 $3 423.11 0.38% 5.21% $402 491 721 391 $15 553 045 416
3 Cardano (ADA) ADA Cardano predictions 67.2% 67 $2.37 0.38% -7.94% $75 823 653 054 $2 080 207 302
4 Binance Coin (BNB) BNB Binance Coin predictions 68.8% 70 $410.57 0.26% 2.36% $69 032 640 296 $1 283 622 699
5 Tether (USDT) USDT Tether predictions 96% 1 $1.000627 0.04% 0.04% $68 335 359 250 $59 329 429 542
6 XRP (XRP) XRP XRP predictions 72.4% 59 $1.078025 0.61% 0.96% $50 259 931 930 $2 252 778 370
7 Solana (SOL) SOL Solana predictions 57.6% 90 $167.50 13.39% -4.91% $49 743 317 996 $5 600 026 562
8 Polkadot (DOT) DOT Polkadot predictions 59.2% 81 $34.32 2.31% 8.72% $33 890 426 406 $1 838 398 069
9 Dogecoin (DOGE) DOGE Dogecoin predictions 62.8% 75 $0.241065 -0.37% 0.25% $31 660 952 487 $981 852 553
10 USD Coin (USDC) USDC USD Coin predictions 93.2% 1 $1.000557 0.03% 0.03% $29 403 262 185 $2 112 261 871
11 Avalanche (AVAX) AVAX Avalanche predictions 64.8% 69 $69.31 -5.01% 25.67% $15 268 911 437 $1 827 693 735
12 UniSwap (UNI) UNI UniSwap predictions 71.6% 63 $24.33 -0.87% 8.50% $14 880 383 376 $283 300 955
13 Terra (LUNA) LUNA Terra predictions 68% 64 $35.04 0.38% -9.65% $14 075 024 420 $740 942 492
14 Chainlink (LINK) LINK Chainlink predictions 74.4% 52 $28.27 1.53% 5.94% $12 820 613 105 $1 032 467 819
15 Binance USD (BUSD) BUSD Binance USD predictions 94.4% 1 $1.000531 0.04% 0.04% $12 820 356 340 $4 823 361 344

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