The fast-paced crypto industry has already reached a notable number of users all across the world. While Bitcoin has been the leading cryptocurrency. There are other cryptocurrencies that offer the same features as that of Bitcoin. Whilst doing things in a much more progressive manner.
One of those is Dash, which got its name as a short form of “digital cash”. Dash was initially named as XCoin, which was then rebranded to Darkcoin. And then finally settled with Dash in March of 2015. The network aims to build decentralized applications and boasts its native asset DASH. Which focuses on being one of the finest modes of payment.
DASH price boasts a praiseworthy projection since its inception. The ROI of the altcoin is astounding, 50608.05%. Are you considering investing in DASH for higher yields? Look no further, as we bring to you the plausible price targets for 2022 and beyond!
|All time high||$1,493.5900 Dec 20, 2017|
|All time low||$0.2139 Feb 14, 2014|
|potential low||average price||potential high|
DASH’s price had commenced its trade for 2022, with its price at $134.6. Over the first week, the price took a jump down to $117.5. While the price escalated to $157.1, by the 9th of January. Turbulence in the crypto industry, dragged the price down to $84.8, by the 22nd of January. After ranging sideways until the 4th of February, the DASH price portrayed a short-term rebound to $119.1by the 8th of February.
However, torments in the business resulting from the geopolitical tussle between Russia and Ukraine, and anxiety about the FED’s rate hike. This paved the way for a downswing, which pushed the price to $86.4. Ranging sideways, a leg-up seen on the 20th of March, led to the quarter’s closure at $136.8.
Dash’s (DASH) Price Prediction For Q2
After a healthy close to the previous quarter, the month of April was initiated with its price at $128.7. A fall in numbers has led to the support at $108.9. Constructing on volumes, the price could breach crucial levels at $133.7. A surge from which could push the price to its potential high of $182.7.
Conversely, depleting volumes and lack of interest amongst traders could drag the price down to $101.6. That said, regular buying and selling pressures could settle the price at $146.6.
DASH Forecast For Q3
Successful implementation of upgrades such as Dash core v0.18 and the Dash platform v0.23 testnet could be imperative for DASH. Moreover, Dash core v0.19, with the implementation of BLS v1.0 and bitcoin backporting, amongst others make Q3 a vital quarter. On the other hand, Dash platform v1.0 would also see the first rollout to mainnet in Q3.
Wherefore, the price could claim a potential high of $274.8, by the end of the quarter. That said, linear propulsion of price could land the trading value at $233.2. Conversely, failing to stick to its roadmap could result in liquidations, which could take the price to $175.4.
Dash Prediction For Q4
The growing userbase of the protocol coupled with an optimistic approach for the fourth quarter could push the price to $437.4. On the other hand, bears outweighing the bulls could result in a slide down to $248.1. Collectively, factoring in the buying and selling pressures, the average price could settle at $332.7.
DASH Price Forecast For 2023
DASH would rise and shine in the long term as it holds good future perspectives. The price may emphasize if the currency follows a bullish cycle. It might focus on strengthening the user base as well as the investors. DASH might end the year 2023 at an elite price of $784.5. On the downside, bearish trends could bring the price down to $467.9.
Price Prediction For The Next 5 Years
The community is planning to tie up with more merchants as well as payment processors, which would increase the value of the tokens. This also might help the investors in cryptocurrency.
As per Coinpedia’s formulated DASH price prediction, it is certainly expected that DASH could be one of the best in its potential to succeed. By the end of 2025, DASH might reach $1676.5 as it could be one of the most valuable cryptocurrencies in the world. On the flip side, emerging rivals and stiffer competition could slash the price down to $892.5.
|Year||potential low||potential high|
|Next 5 years||$892.5||$1676.5|
What Does The Market Say?
As per the revised prediction of Wallet Investor, DASH’s price is forecasted to hit a maximum price of $349.32, in 2022. That said, the token is expected to trade at an average price of $200.881 by the end of 2022. Wallet Investor anticipates the token to trade at a maximum price of $919,193, by the end of 2025. The analysts from the firm, expect the price to close trades for 2025 with the average price at $298,317.
Digital Coin Price:
According to Digital Coin Price, DASH will soar to reach a price close to $149.64 by the end of 2022. The forecast expects the price to close the trade for 2023 and 2025 at maximum levels of $172.25 and $235.06.
gov. capital has updated its prediction for the DASH price. It expects the protocol to hit a maximum of $65,976 by the end of 2022. On the contrary, it believes, trend reversals in the market would plummet the price to $48,765. And with average buy and sell pressures it would end up trading at $57,371 by the end of 2022.
The website has also made predictions for the long term. It expects the price to surge to a maximum of $921.94, by the end of 2025. That said, the average and minimum probabilities for the 2025 end are set at $801.69 and $681.43.
To read our price prediction of IoTeX (IOTX) click here!
What is Dash?
Dash is an open-source blockchain and cryptocurrency. Which thrives to enable a fast, cost-efficient, global payments ecosystem that is fully decentralized in nature. It was initially named as XCoin, then rebranded to Darkcoin and then to Dash in March 2015.
As per its White paper, DASH encourages catalyzing Bitcoin by facilitating solid privacy, and swift transactions. Before going live on mainnet, the platform has evolved to add up features like a two-tier network with incentivized nodes. Which is in addition to master nodes and decentralized product governance.
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 a 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 one of the first successful decentralized autonomous organizations (DAOs).
Our Dash Predictions
In the long run, we at Coinpedia expect the DASH to outperform, its current rally. We foresee the price of the Dash coin to hit its potential high of $435 by the end of 2022.
As per Coinpedia’s compounded DASH price prediction, it might retain the same stability with certain fluctuations for specific periods of time. The price might hit $1675 in the next five years, predicting a long-term future for the Dash coin.
Historic Market Sentiments
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 stayed 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 surged 2X, to claim $400. The 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 of 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.
The price slid steadily lower in 2018 as the bear market in cryptocurrencies lengthened. 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.
DASH price was seen changing hands at $94.6, on the 1st of January. The digital asset had been ranging in a narrow bandwidth until the 13th of February when it posed a leg up to $295.8. The healthy uptrend took the price to $323.6, by the 20th of February. Thereafter a downswing took the price to the quarterly closure at $219.5.
The second quarter had been crucial for DASH’s price. As a bullish surge took the price to $448.5, by the 7th of May. However, a downswing took the price to $136.3, by the 23rd of May. After climbing back to its levels at $213.1 on the 3rd of June, the short-term leg up made way for a fall. Which dragged the price to $108.4, by the 22nd of June.
After a sideways trend, until the 18th of July, an uptrend was kickstarted on the 19th of July. Which took the price to $282.8, by the 23rd of August. Bearish trends starting from the 7th of September led to the quarter’s closure at $166.9. The fourth quarter was fairly bullish until the 15th of November. When the price climbed to $239.4. A steep fall from then took the price to its annual closure at $141.4.
Click here to read our in-depth price prediction of Quant (QNT)!
Q: Is it possible to mine DASH?
A: Yes, DASH can be mined.
Q: Is Dash A Fork Of Bitcoin?
A: Dash is technically a fork of Litecoin. But since Litecoin is a fork of Bitcoin, there are ties between Dash and the original Bitcoin blockchain.
Q: Which is the consensus mechanism of Dash?
A: DASH uses the proof-of-work, consensus mechanism.
Q: How high will DASH price reach by the end of 2022?
A: The price of DASH will possibly surge to $437.4, by the end of 2022.
Q: What will be the maximum trading price of DASH by the end of the next five years?
A: The digital asset could hit as high as $1676.5, by the end of the next five years.