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.
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.
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 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.
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.
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 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 |
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.
Here are some final questions regarding the DASH price in the future.
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.
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.
As of today, Dash is worth $215. The price is slightly fluctuating, which is not surprising.
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.
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.
Dash offers anonymity and non-traceable transactions, which Bitcoin doesn’t do. Besides, it provides fast and affordable transactions.
Yes, it’s as Dash is going to increase its price. However, you need to ensure you have cheap electricity to minimize the costs.
# | Crypto | Prediction | Accuracy | CVIX | Price | 24h | 7d | Market Cap | 7d price change | |
1 | BTC | Bitcoin predictions | 76.8% | 40 | $69 187.87 | -0.65% | 3.36% | $1 368 322 703 656 | ||
---|---|---|---|---|---|---|---|---|---|---|
2 | ETH | Ethereum predictions | 88% | 21 | $2 486.25 | -1.16% | 0.52% | $299 369 696 897 | ||
3 | USDT | Tether predictions | 94% | 1 | $0.999719 | 0% | 0.10% | $120 542 832 225 | ||
4 | BNB | Binance Coin predictions | 94.4% | 4 | $567.27 | -1.13% | -2.57% | $81 744 111 407 | ||
5 | SOL | Solana predictions | 69.2% | 65 | $165.45 | -0.87% | -2.98% | $77 895 836 424 | ||
6 | USDC | USD Coin predictions | 90.8% | 1 | $1.000009 | -0.01% | 0.01% | $34 873 123 501 | ||
7 | XRP | XRP predictions | 90.4% | 5 | $0.510368 | -0.91% | -0.36% | $29 023 926 568 | ||
8 | DOGE | Dogecoin predictions | 64% | 77 | $0.157946 | -1.96% | 15.80% | $23 159 704 045 | ||
9 | TRX | TRON predictions | 91.6% | 4 | $0.165396 | -1.20% | -0.10% | $14 299 090 322 | ||
10 | TON | Toncoin predictions | 89.2% | 13 | $4.87 | -0.97% | -0.72% | $12 398 878 230 | ||
11 | ADA | Cardano predictions | 90.8% | 7 | $0.345970 | -4.09% | 4.24% | $12 107 228 142 | ||
12 | STETH | Lido stETH predictions | 93.2% | 1 | $2 941.39 | -0.40% | -3.32% | $10 258 752 564 | ||
13 | SHIB | SHIBA INU predictions | 80.8% | 28 | $0.000017 | -1.95% | 2.59% | $10 229 752 246 | ||
14 | WTRX | Wrapped TRON predictions | 90.8% | 1 | $0.116354 | -0.46% | 0.23% | $10 171 995 609 | ||
15 | WBTC | Wrapped Bitcoin predictions | 92% | 1 | $65 806.83 | 0.78% | -2.68% | $10 083 957 608 |
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