As well as being a valuable store of value, Bitcoin is increasingly fulfilling its role as an alternative form of payment. But this is not without its issues. Slow transaction fees and confirmation times are some of the downsides of the original digital currency.
In order to better these disadvantages, various altcoins appeared with the selling point of higher speeds. One of these is Dash. But does higher speed equal a higher return on investment? In this article, we’re going to delve into the Dash price prediction forecast 2021-2025.
One of the earlier altcoins, Dash stormed onto the cryptocurrency stage when it suddenly surged 8000% from $12 per coin to $109 in just the space of a few months. This made many savvy investors rich beyond their wildest dreams but left many others wondering if they had missed the boat and whether investing in Dash now was a good idea.
I was one of those people until I began to use a range of factors to research the future price of Dash such as the following:
- Price history
- The latest legislation
- Prediction strategies
- Expert analysis
- New investors
By analyzing all of these factors, I was able to find out that there’s never a bad time to invest in Dash, and I’m not alone. For example, statistics from the leading trading platform of eToro tell us that sales of Dash have skyrocketed in the past few months.
But what does the future hold for investors who get on board with this innovative digital currency early enough? Will Dash rise once again? Our Dash price prediction aims to answer all. But first, let’s start with just what this altcoin actually is and how it works.
What is Dash Coin?
Stemming from wordplay centered around digital cash, Dash (DASH) is a blockchain-based peer-to-peer altcoin. Originally a part of Bitcoin, it was formed during a hard fork from the original cryptocurrency that aimed to address the alleged weaknesses of BTC. The main aim of the fork was to offer faster transactions and confirmation times to users than Bitcoin could.
Created by Evan Duffield, Dash was originally released in January 2014 under the name of X coin. Shortly after it switched to the less than the marketable name of Darkcoin. It was rebranded as Dash a year later. The main selling point is its higher speed and levels of anonymity when compared to Bitcoin.
“DASH provides the users with high security as it has over 4500 servers which are hosted all over the world, that enables you to conduct the transaction instantly, from anywhere around the world. This feature gave DASH an edge over other cryptocurrencies.”– CoinSwitch
Interestingly, Dash was one of the first digital coins to adopt self-governance and self-funding. It receives its development funds from the proceeds generated by the blockchain, and its governance is controlled by the owners of network master nodes. This also makes Dash one of the first successful decentralized autonomous organizations (DAOs).
Whilst BTC can take anywhere from minutes to hours to confirm a transaction, Dash can confirm one in mere seconds. Making the latter substantially different from Bitcoin. Due to its many appealing advantages, Dash has since built up a strong support base and early investors have been rewarded with substantial gains.
Dash Coin FAQ
Do you still have questions about Dash coin? Rest assured, before we get into the price prediction, next we’ll cover some frequently asked questions about Dash to give you a better understanding of the original digital asset and its price potential.
What is Dash used for?
Just like Bitcoin, Dash is used for buying, selling, and a wide range of transactions. It can also be used as a means of accepting payments and facilitating commerce that is out of the reach of central governments or banking systems. In addition, it provides a great store of wealth that is highly difficult to confiscate. Dash is also open source, which makes it possible for developers to innovate and deploy dApps on the network.
How does Dash gain value?
Like most cryptocurrencies, the value of Dash is largely driven by speculation in its current state. As more people discover the wide range of its uses, its value grows. Due to its numerous advantages over fiat currency and precious metals, support for Dash is only expected to grow as cryptocurrencies become a more widely accepted alternative to fiat currencies. When it does, the value of Binance will likely grow in sync.
Can Dash reach $5,000?
Since its initial development in 2017, DASH has grown to manage millions of transactions a month and has expanded its number of investors enormously, demonstrating the ability to scale as a digital asset.
According to CoinMarketCap, on November 4, 2017, DASH sold at $276. Around six weeks later, DASH sold at its all-time high of $1,236. Such gains and the bright future for Dash means that the chances of it reaching $5,000 are possible. However, this would be over the long term.
Where do people buy, sell, and trade Dash?
You can buy, sell, and trade Dash coins from any reputable crypto trading platform. If you are a new investor, then we suggest using eToro. It’s safe, regulated, and beginner-friendly. The eToro interface is very simple to use, and it has an array of trading tools to allow you to trade safely.
Dash Coin Price History
Thanks to its early foundation in 2014, Dash has a longer price history than many other altcoins. However, the first few years of its existence were rather stagnant. Something which is common for new digital currencies. It was in 2017 when the ride wild of Dash began.
In 2017, the price of the Dash coin surged by 8,000% when it went from $12 in the summer of 2016 to $109 in early 2017. Many assumed that this was the highest it could go, but they were positively proven wrong when Dash rose even further to $1,500 per coin at the height of the 2017 crypto market rush.
Demonstrating the volatility of the crypto market, Dash subsequently plummeted as fast as it rose. Dropping to between $65 to $40 a year later in the 2018 bear market. Late 2019 saw Dash rise back over $100 to reach a high of $450. Whilst it hasn’t reached its all-time high of over $1,500, the future looks bright for Dash. One of the reasons is that Dash is aiming to be a functioning cryptocurrency rather than simply a store of value.
Currently progressing well towards its aim to be a viable alternative to conventional online payments, Dash is enjoying growing popularity amongst the crypto community. As a result of this popularity, Dash could prove to be a wise crypto investment in the near future. But what do the experts have to say?
Expert analysis of the Dash Coin price potential
One of the best tools we can use to try and determine the potential future price of Dash is to analyze the opinions of various crypto experts. Let’s delve into four estimated growth outlooks for various industry experts and analysts.
Coinpedia is bullish on Dash. It believes that this digital asset has the potential to hit $800 by the end of 2021 before rising to $1,900 or more over the next two to three years and eventually come to $3,500 by 2025.
WalletInvestor uses an algorithm-based forecast in an attempt to predict the future price of cryptocurrencies. When it comes to Dash, they are also bullish. WalletInvestor predicts that the price of this high-speed digital currency could rise to $237 by the end of 2021, and reach a high of $502 sometime within the next five years.
DigitalCoinPrice has another bullish outlook for Dash, albeit slightly more so than WalletInvestor. DigitalCoinPrice predicts it will reach $246.27 by the end of 2021, $347.65 by the end of 2023, and finally, a figure of $507.56 by the end of 2025.
One bearish expert analysis on Dash is LongForecast. Although they initially predict a short-term high of $188 for Dash in 2021. In the following three years, they expect the price of Dash Coin to drop to a low of $35 by the year 2025.
So from $237 over the short term to up to $3,500 over the long term, the overall expert analysis on the future price of the Dash coin is largely bullish albeit with some long-term bearish outlooks. But what does the technical analysis tell us about the price potential of this high-speed digital asset?
Technical analysis of the Dash Coin price potential
Now we move onto technical analysis to try and predict the future price of Dash Coin. This section will utilize powerful tools like the Japanese candlestick, chart patterns, and trading indicators. As well as giving traders the upper hand in day trading, they can enable us to discover long-term price predictions based on pure technicals when we assess longer time frames.
Dash Price Prediction 2021 – 2022
Since the beginning of 2021, the price of Dash skyrocketed by 69% from $100.59 to the price it is today at $170.10. It’s predicted that the Dash price will rise by 47% in the second half of 2021 and it’s then expected to close the year at $300, which is a year-to-year change of +198%.
Dash Price Prediction 2022 – 2023
From $300, it’s predicted that the Dash price will rise to $390 per coin In the first half of 2022, it’s then expected to close the year at $478, which is a +181% gain on the current price.
Dash Price Prediction 2023 – 2024
After starting 2023 at $478, Dash is expected to rise to $502 halfway through the year before ending at $577 at an overall annual increase of 239% from the current price.
Dash Price Prediction 2024 – 2025
After starting 2024 at $577, Dash is expected to continue rising and reach $620 halfway through the year. The second half of 2024 is expected to see the price of Dash end the year at an even higher price of $676. That’s an overall annual increase of 297% on the current price.
The technical analysis of the DASH price prediction forecast tells us that the price of Dash Coin has the potential to reach up to and possibly beyond 297%. This data was provided by technical analysis from the Coin Price Forecast.
Conclusion to the DASH price potential
Fast, dynamic, and well-established, Dash is a cryptocurrency that’s here to stay regardless of its current downturn from previous highs. Amongst large swathes of the crypto community, it’s considered one of the most trusted altcoins.
Whilst Bitcoin is still king and will be for the foreseeable future, many people are still keen to invest in a more functional altcoin as an alternative payment option. Particularly when Bitcoin is increasingly viewed as a store of value as its supply decreases.
Expert opinions and technical analysis are both varying. But if Dash can continue building its support as a fast and affordable digital cash system, then the price of this altcoin is more than likely to rise significantly over the long term.
Based on our price prediction for Dash, it seems that this is certainly a good time to invest in this altcoin. However, to do so successfully, it must be done right through the correct trading platform. One that is well-established with a range of trading tools to allow you to trade smart.
Where to buy Dash Coin
Dash is available to buy and trade on eToro alongside 18 other cryptocurrencies. This is a well-established, highly regulated, and secure platform that has the potential to revolutionize your crypto trading.
What’s more, is that eToro allows you to access their incredible array of trading tools such as the Stop Loss, Take Profit, and built-in charting software that all let you maximize your potential profits whilst ensuring safe trading practices that protect your hard-earned funds. Also, eToro offers Leverage Trading on Dash. This allows you to multiply small amounts to become large powerful positions that drive massive profits.
“Ten percent of my net worth is in this space.”—Mike Novogratz, hedge fund manager, Galaxy Digital Assets
Overall, the financial situation, risk tolerance, and investment strategy of each person vary. Investing in Dash brings advantages as it does risks. Both of which are important to understand and weigh against your own investment goals and needs. Only invest money you can afford to lose and balance out the risky nature of crypto investment by building a diversified portfolio.
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- Binance Coin Price Prediction Forecast 2021-2025
- AAVE Price Prediction Forecast 2021-2025
Disclaimer – This content is for informational purposes only and is not investment advice. The trading of Dash Coin and other alternative cryptocurrencies has potential rewards, and it also has potential risks involved. Trading may not be suitable for all people. Anyone wishing to invest should seek his or her own independent financial or professional advice.