Dash Price Prediction 2021- Will the Dash Price Gear Up?
The rapidly growing crypto industry has already reached a large number of users all across the world. Bitcoin has remained the leading cryptocurrency, but there are other cryptocurrencies which offer the same features that of Bitcoin.
One of those is Dash, which got its name as a short form of “digital cash”.
But is Dash still worth considering?
Here, we will provide you with the complete details on the future price prediction of Dash (DASH). Let us look into this Dash price prediction in detail now.
Table of contents
|Market cap||$ 2,744,665,756.0000|
|Circulating supply||$ 10,096,205.7220|
|Trading Volume||$ 555,345,441.0000|
|All time high||$ 1,493.5900 December 20, 2017|
|All time low||$ 0.2139 February 14, 2014|
Dash Fundamental Analysis
Dash was created in 2014 and was developed by Evan Duffield. The primary focus for utilization of Dash is in the transactional space, for use as a payment to merchants. Dash uses Proof-of-Work mechanism. And of course, it can also be purchased from a large number of exchanges.
Dash was one of the first coins to successfully 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 as one of the first successful decentralized autonomous organizations (DAOs).
Dash Price Prediction 2021
On a bearish note, DASH opened the year 2021 at a cost of $87.55 during early January. Later on the price witnessed a significant surge. The price is assumed to pour as DASH is going to announce the creation of a new team to be centered in Hong Kong, called Dash Labs, which will help the digital currency space to remain open and transparent. By the end of 2021, DASH might hit the $800 mark.
Dash Price Prediction 2022
DASH might enter the year 2022 at a trading value of $805. Later the price may emphasize if the currency follows a bullish cycle. It might focus on strengthening the user base as well the investors. DASH might end the year 2022 at an eminent price of $1900.
Dash 5 Years Price Prediction
The community is planning to tie up with more merchants as well as payment processors, which would increase the value of the tokens. This might also help the investors in the cryptocurrency.
It is certainly expected that DASH has and will be one of the best in its potential to succeed. By the end of 2025, DASH might reach $3500 as it will be one of the most valuable cryptocurrencies in the world.
Dash Market Prediction
Let us check out some of the market predictions:
1) Long Forecast
Long Forecast predicts that by 2023, DASH might be the same as it is now in 2021. They have given quite a bearish pessimistic prediction. They even predicted that DASH might fall by 70% this year.
2) Wallet Investor
Wallet Investor is a crypto prediction site that believes that DASH might fall as low as $3.641. This is indeed a very pessimistic and unrealistic prediction.
Our Dash Predictions
In the long run, we at Coinpedia expect the DASH will outperform. We foresee the price of the Dash coin might hit a high of $830 by the end of 2021. It might retain the same stability with certain fluctuations for specific periods of time. The price might hit $3700 in the next five years, predicting a long-term future for the Dash coin.
Dash Technical Analysis
Initially when the crypto was created one unit was worth roughly $0.21. By the time the coin was rebranded to Dash in March 2015 one unit was worth a bit over $3. The rebranding did set off a rally in the coin, and on March 21, 2015, it hit $7.11, but quickly dropped from that level.
Between mid 2015 and late 2016 DASH remained range bound. It traded between $3 and $12 as the entire cryptocurrency market was about to be picked up by the monumental bull run.
January 2017 saw Dash trading rally above $15, and by the end of February, the coin had reached $30. It remained on fire, climbing above $100 in March and remaining there for 9 days before finally falling back to the $70 in April.The weakness did not last long, and by May the price was back above $100. In June price doubled again, hitting $200 briefly. It continued to bump above $200 in July, and in August it doubled once again, hitting the $400 level.
Price settled back to the low-to-mid $300 level in September and October, but the best was still to come. As the 2017 rally in cryptocurrencies kicked off Dash hit $500, $600 and then $800 in November. It continued climbing, doubling once more to hit its all-time high of $1,642.22 on December 20, 2017.
Price slid steadily lower in 2018 as the bear market in cryptocurrencies lingered. By December 2018 the price of Dash had fallen back below $100. It found support around the $70 level and spent the next few months trading mostly between $70 and $85.
But, towards the end of 2019 and the start of 2020, there was some renewed hope as the coin then climbed back above the $100 mark reaching above $120 at a point.
On a bearish note, DASH established the year 2020 at a value of $41.65. Later the price steadily started to recover and dramatically hit $123.85 by the end of January. As the crypto market wrecked due to the Covid-19 outbreak, shockingly the currency declined to $43.66 by mid March.
Further the price continued to recover and the coin resisted at $94.84 by mid August with certain price inequalities. As the bears were held in pulling the prices down, the currency dropped to $65 by the end of September and further recovered to $99.07 at the end of November due to the expansion of Bitcoin’s price rally. The digital currency hit $103.22 to close the year 2020.
The Dash Price slashed below $100 at the start of the year but recovered quickly. Further it rallied above $300 to hit $329 in the mid of February due to high influx of volume and slid down further to $200. However, the price rose yet again like a giant and marked the yearly highs at $378 and currently trending close to $300 levels.
Yes, DASH can be mined.
Dash is technically a fork of Litecoin, but Litecoin is a fork of Bitcoin so there are ties between Dash and the original Bitcoin blockchain
Dash is one of those special cryptocurrencies that has a very bright future
Because Dash is such a well established and viable cryptocurrency, it is considered a coin that its price may go up significantly
DASH uses the Proof-of-Work, consensus mechanism.