(Updated 6th April, 2020) At the time of writing, Dash is the 18th largest cryptocurrency by market cap, with a total value of over $1 billion. Dash price currently sits around $119, joining other coins in being about 90% down from its all-time high. We’ll look at what’s happening with the Dash ecosystem, and trading charts to make our Dash Price Prediction for 2019 and beyond.
The coin itself was launched in 2014, as a fork from Bitcoin. Since its inception, it has spent a significant amount of time since then as one of the most valuable cryptocurrencies in circulation. In March 2017, Dash saw a meteoric rise to become the 3rd most valuable cryptocurrency for a period of time.
The aim of Dash is to provide a fast, borderless, untraceable currency for transactions. It achieves this through two features – “InstantSend” and “PrivateSend”. By default, these features are off. Users have the option to enable or not.
Dash has made traction as both a transactional currency and a privacy-centric coin. It is often named along with Monero and Zcash as one of the most prominent privacy coins.
Understanding Dash Masternodes
Dash has a unique opportunity for coin holders. Instead of mining coins like one would with Bticoin, Dash offers a system of masternodes—allowing holders to earn passive income. Find out more in our Guide To Dash Masternodes.
In terms of Dash price, masternodes are an important element in the ecosystem because they ensure that a significant amount of Dash coins are not going to be for sale. They’re locked into the masternode system, paying out holders (you can read more about payouts here), but also creating a relative scarcity for Dash coins. If and as Dash gets more buyers, demand mixed with this scarcity can shoot Dash price up even further.
Of course, there’s still a lot to learn about Dash’s mining operations as well, which you can find out more information in our guide to Dash mining.
Experts’ Opinion On Why Dash Will Rise
Dash is an open source cryptocurrency and was forked from the Bitcoin protocol. The coin gives users the freedom to move money any way they want, for less than a cent. The platform has made inroads in Venezuela, Colombia, and is slowly expanding its presence in Thailand, and these developments have seen the coin’s price rise significantly since it was launched. Let’s look at why experts think the coin’s price will rise.
TradingBeast predicts that the price of DASH will be around $42 by the beginning of February 2020. The expected maximum price is $58 and a minimum price of $39. The coin is expected to end the month at around $46.
In March, the price of the coin is to reach $46 at the beginning of the month. The maximum price is expected to be $62, and a minimum price of $42. By the end of the month, the price is expected to be around $50.
At the start of April, the price is forecasted to reach $50. The maximum price is expected to reach $67, and the minimum price to be $45. The coin is expected to end the month at around $54.
The predictions go on, and by December, the coin is expected to begin the month trading at around $74. The minimum price is expected at around $64 and the maximum to be around $95.
A recent article on the top 5 cryptocurrency performers on a leading crypto publication stated that the recent launch of version 0.14 on the mainnet upgrades the network’s security against 51% mining attacks, the first proof-of-work. Such developments have seen the coin’s price increase by 58% from 2018 to 2019, and this is expected to continue as the platform continues to grow.
2gether CEO, Roman Ferrez recently gave positive comments about Dash coin. In an article published on another leading publication, Ferrez stated that Dash is one of the most widely-used cryptocurrencies, and adding it to their list of 9 digital currencies opens them to new markets in the Eurozone. This shows that Dash has shown great potential, and as it continues to penetrate different markets, its price will be affected positively.
Additionally, Ryal Taylor, CEO of Dash Core Group, also gave positive sentiments, after stating that adding the coin helps strengthen the bridge between fiat-based financial markets and cryptocurrencies, and also provide better ways to help citizens in the Eurozone reap more benefits from decentralized payments.
Other factors that are driving the price of Dash include;
The Dash Community Is Getting Stronger
Recently, DashRoots announced the launch of its platform. It will help individuals and teams have greater access to funding by the Dash community.
Martin, one of the founders of DashRoots, says the platform helps people at the grassroots level to bring their talents and skills to Dash. It happens by helping crowdfund their ideas directly from the Dash community.
He adds that the Dash treasury is a crucial part of the network. It enables evolution, but sometimes it’s too expensive to fund small ideas. It’s this area that Dashroots will aid the most. Helping people raise smaller amounts to bring their skills and ideas to the project at the grassroots level, “where small things can turn into big things.”
This kind of activism could see Dash come to the forefront of crypto adoption, going beyond innovative ideas like the SMS-based wallet it launched in Venezula.
There was a recent study on cryptocurrency transactions which found that Dash was one the most used currency in making small trades. It’s something that indicates its real-world use as money. The study involved collecting data from top cryptocurrencies from BitInfoCharts.
It was then used to establish statistics and trends that infer the nature of economic activity across different networks. The findings make for an exciting read. The stats show that Dash has consistently maintained a low average and median transaction values. Therefore, Dash is mostly used for retail purchases and other similar purposes.
Merchant data from Anypay also support the hypothesis. Also, Dash transaction volume data has remained constant despite that of other cryptocurrencies declining since the speculative winter bubble.
It indicates the increase in merchant transactions that counter the drop in speculative trades.
Dash Addition On Leading Brazilian Exchange
One of the leading Brazilian crypto exchanges recently announced that it was integrating Dash on their platform. It’s a move that would help significantly expand both consumer and merchant access to the cryptocurrency.
In a tweet made on Feb 28, the Coinbene praised Dash as a coin that would revolutionize the whole country, and it’s also a currency that even in the low market that could be consistently valued due to the coin’s focus on real-world usability.
Currently, the exchange boasts over 3 million active users around the globe and offers over 100 crypto pairs. It also charges the lowest fees in Brazil at 0.10% for buying and selling crypto.
This move comes at a time when Dash has been experiencing rapid growth in South America, especially in Venezuela and Colombia. Addition on one of the leading exchanges in Brazil will help the coin continue to grow its influence over Latin America as it will offer consumers and merchants more spending options when it comes to buying and selling.
DASH Price Prediction Updated 1 April 2020
The analyst has been monitoring DASH, since it pumped 200% in two weeks. After such a huge, volatile, big move, we usually see some long-lasting correction, and in this boring period, everybody forget on that strong move to the upside, and when nobody cares about that chart, then we see uptrend continuation. The analyst thinks, that DASH is very close to finishing it´s correction. We are moving in some sort of wedge, and there is a chance we will have one last touch of this lower trendline of the wedge, before a very strong move to the upside, which should take us at least towards 0,019.
The analyst says if he had any money for trading, he would go LONG or buy DASH, after the buying volume picks up and after price breaks that falling wedge.
Alanmasters says Dash (DASHBTC) found support when prices hit MA200 (0.008845). Also, a long-wick candle was printed that hit the 0.786 Fib. retracement support relative to the last bullish wave, giving us another signal pointing to the end of the retrace.
If the retrace is over, what happens next?
First, in order to be sure, we need a close above EMA10 (0.009064) on the daily timeframe to confirm DASHBTC’s bullish potential.
As soon as this signal is confirmed we expect prices to bounce (green/red arrow). If MA200/EMA10 can’t be conquered, then we expect a drop (2).
The 0.007590 / 0.007850 price range can work as “strong support.”
Each time this level is hit, we can expect a bounce.
- Below “strong support,” prices can easily move lower.
- Above “strong support” the growth can easily continue.
We are bullish long-term on Dash Network.
Note: Even if prices move below “strong support”, we remain bullish as long as the 26-Dec. ’19 low at 0.005312 remains intact
The analyst says that DASHBTC produced a powerful move, which is clear to see on the chart. Unlike other cryptocurrencies, Dash doesn’t do half up/half down moves. “When it goes, it goes.”
Right now, DASHBTC is looking extremely bullish and is an excellent option for long-term holding/profits.
This is also one of the strongest and most trusted cryptocurrency projects, used to stack funds as well.
After breaking above MA200 (black line), prices are now retracing and testing EMA10 as support. Prices are likely to make another small jump, drop to test EMA50, and then resume the growth.
DASHBTC will start a new uptrend and grow for long.
The analyst says that Dash is forming a Symmetrical Triangule on Long term resistance line. However, we are still waiting for confirmations, now is time to watch the price testing the Resistance, as long as the buyng volume increases and the price starts closing Candles above 0.013 a Long enter is indicated, the stop loss must be on the second support on 1h. intraday timeframes.
Notice the MACD is still below the 0 line yet, DASHBTC is already challenging EMA50.
After the first wave is completed, there will be a prolonged retrace that will likely end in a higher low, followed by another wave that can take prices all the to 0.0436 to 0.067 or more.
The bear market for Dash lasted 1015 days, how long do you think the bull market will go for?
The analyst says that DASH managed to form 5- wave impulsive structure, so we will very likely see another bullish small cycle made of 5 waves. But we don´t know, if these next 5 waves will be only part of ABC correction and DASH/BTC will continue in downtrend OR if these 5 waves will be more impulsive then previous 5 waves, there is a chance DASH could be back in an uptrend. The bullish level is very strong resistance if we get above it, then I will be very bullish on DASH/BTC. I am already in long at 9902 satoshi.
Conclusion and Price Prediction
Interested long-term parties can gain a portion or a whole masternode at a cheaper price.
As detailed above, there is hope and optimism within Dash and it shows in the above charts. So, we can expect to see Dash perform better in the coming months.