Since its release in 2009, Bitcoin (BTC) has been the leading cryptocurrency. However, users have identified some shortcomings that make Bitcoin impractical for some applications. Hence, other cryptocurrencies have been launched to fill the gaps. That’s the case with Dash (short for “digital cash”), a cryptocurrency that promises to be a simpler form of Bitcoin to facilitate mass adoption.
But what are the prospects of this cryptocurrency? Is it worth considering Dash for an investment? Let us discuss it in the following Dash price prediction, where we summarize several forecasts for the coming years.
What Is the Dash Coin?
The Dash Coin (DASH) is a cryptocurrency originally forked from Litecoin (LTC) in January 2014. It is an open-source blockchain that aims at enabling fast and cheap global payments in a decentralized manner. Dash has added new features to basic blockchain technology to achieve this goal. Hence, Dash works toward providing faster and more secure transactions than Bitcoin. Also, it has been built with scalability in mind.
Dash works similarly to Bitcoin, but it has added fundamental improvements like the use of masternodes. A masternode is a server with resources allocated to processing and verifying transactions. It gets rewards in network fees and DASH coins in return for this service. Masternodes enable two unique features: InstantSend and PrivateSend.
InstantSend allows for quasi-instantaneous transactions. It takes approximately 4 seconds to confirm an InstantSend transaction, significantly faster than the 10 minutes required to verify a Bitcoin transaction. PrivateSend keeps a user’s identity hidden, making it nearly impossible to track the origin of transacted funds. So, while all transactions are transparent on the ledger, it is hard to identify the owner of a particular account and its balance.
Dash Coin: Technical Analysis
Dash was initially named XCoin. It hit the market in 2014 with an initial price of $0.31. When it was rebranded to Dash in March 2015, each DASH coin traded at a little over $3. This cryptocurrency reached $15.13 on May 24, 2014. The rebranding of this coin had a positive impact on its price. The DASH price fluctuated between $1.5 and $14.5 in 2015 and 2016.
The DASH price was $11.81 at the beginning of 2017. It gradually climbed, reaching its all-time high on December 20, trading at $1,642.22. The DASH price progressively dropped from this level throughout 2018. On December 13, 2018, DASH traded at $59.69. In the following year, the DASH price bounced, reaching $178.69 on July 24, 2019. However, by the end of 2019, this coin’s price was $41.87.
Dash began the year 2020 with a bullish run. It reached $132.27 on January 14 and $133.55 on February 11. However, for most of 2020, the DASH price roughly fluctuated between $42 and $114. Dash experienced a significant price increase in 2021, like many other cryptocurrencies. The DASH price climbed to $440.89 on May 5, 2021. It ultimately ended that year at $137.95.
The DASH price has shown a downtrend since the beginning of 2022. As of May 11, 2022, this cryptocurrency’s price was $69.21. Over the years, DASH went from one of the most valuable cryptocurrencies to the #76 most valuable coin by market capitalization, according to CoinMarketCap.
Dash Coin Price Prediction for Long Term
The following Dash Coin price prediction summarizes the forecasts by several reputable sources. However, as an investor, you should not base your decisions entirely on this prediction. Remember that the crypto market is highly volatile, and the Dash future might be entirely different from what experts have predicted.
Dash Price Prediction 2024
According to CryptoNewsZ, the maximum DASH price in 2024 could be $202.89. For its part, Cryptopolitan predicts a SAH price of $101.41 by the end of 2024. Capital.com forecasts an average DASH price in 2024 of $179.59.
Dash Price Prediction 2025
Experts with CryptoNewsZ think that the maximum DASH price in 2025 could be $270.93. For its part, Capital.com predicts a maximum DASH price of $241.41.Price Prediction has a very optimistic forecast with an average DASH price in 2025 of $455.10.
Dash Price Prediction 2027
There are just a few DASH price predictions for 2027. Wallet Investor predicts a maximum DASH price of $290.95 in 2027.
Dash Price Prediction 2030
According to Capital.com, the average DASH price in 2029 could be $472.14. It does not offer any forecast beyond that year. However, experts with Price Prediction think DASH could trade at an average of $2,780.40 in 2030.
Dash Price Prediction 2040
Predicting a cryptocurrency’s price for such a distant future is extremely challenging. Therefore, no reliable Dash crypto price prediction for 2040 is available.
How to Buy the Dash Coin?
Various exchanges list this cryptocurrency for trading. You can buy DASH with fiat money on a decentralized exchange. Alternatively, you can buy it with cryptocurrency on LetsExchange.io. Our platform lists more than 4,000 digital coins and tokens for trading. You do not need to register an account to buy DASH on our instant exchange.
Conclusion
Dash is a cryptocurrency that could outperform Bitcoin as a transactional coin. It has implemented all the technical features to do it. However, Dash has remained in the shadow of Bitcoin because of its good solid reputation. As of today, Dash has not been able to set a new all-time high price. Although price predictions picture a bright future for Dash, you should research this coin thoroughly before investing in it.
FAQ
Is DASH a Good Investment?
According to most price predictions, DASH could be a good long-term investment. However, this coin’s future performance might differ from forecasts. Therefore, you should invest cautiously in this cryptocurrency.
Will the Dash Price Increase?
Yes, the DASH price will likely increase in the coming years.
Is DASH a Scam or Legit?
Dash is a legit cryptocurrency.
Disclaimer
Please keep in mind that the above information is based exclusively on our observations and is provided for informational purposes only. It doesn’t constitute any kind of financial advice nor represents an official forecast. Cryptocurrency is a highly volatile asset, and you are investing in it at your own risk.