Dash is one of the oldest altcoins and well-established. Payments with Dash are instant and secure with nearly zero fees. I have believed that Dash is one of the most promising cryptocurrencies on the market for a long time. But does it still make sense to invest in Dash today? 🤔
What is Dash?
The Dash Coin was originally founded in 2014 under the name XCoin by Evan Duffield. The name XCoin later changed to DarkCoin. This name was then also discarded and eventually renamed Dash Coin.
The Dash Blockchain is considered one of the most decentralized in the world. With over 4,500 servers worldwide, it is also very secure. Dash users particularly appreciate the anonymity, security and transaction speed of Dash.
Dash Price Key Factors
Because the market is very volatile, it is not easy to predict the price of a cryptocurrency per se.
For a meaningful Dash price forecast, it is necessary to deal with the various factors that determine the value of dash. These key factors can help make an assessment of the value and medium and long-term potential of the Dash Coin:
The latest Dash Core 0.14 upgrade is intended to serve as the foundation for Dash Evolution, a broadly scoped update to our network intended to facilitate and enable new payment methods and technologies. The upgrade is taking place in phases and is also bringing some improvements in data protection.
The Dash Blockchain consists of two separate parts. There are the miners and the masternodes. The miners are responsible for generating new blocks, while the masternode operators confirm the transaction. This mechanism is called PrivateSend. This particular split structure allows Dash to send completely anonymous transactions. It does not save any data about the sender or recipient. Follow-up is practically impossible. This peculiarity attracted many potential customers. Another special feature of Dash is offline transactions.
Dash tries to place its cryptocurrency as a means of payment in different countries. There are a total of over 4,700 merchants and partners worldwide that accept Dash as a form of payment. The industries are very different and range from entertainment to clothing and hotels to food. Most recently, the company made headlines with its projects in Venezuela a few months ago. Dash has become a popular form of payment in this country. Another project that started a few months ago is the cooperation with the largest outdoor market in Thailand, the Jatujak market. The first retailers have started to accept dash coins as a form of payment. Overall, dash acceptance has increased significantly compared to 2018 and has increased 4 to 5 times. This development had a strong impact on the price increase and is expected to continue to have a positive impact on the Dash forecast in the future.
Dash`s price today is $82.19. DASH has a circulating supply of 9.4 Million coins and a max supply of 18.9 Million coins. Dash is currently located on market cap rank #30.
Dash is a well known and well-established cryptocurrency on the market. You can trade Dash on all major exchanges like ChangeNOW, ProBit, or Binance. I personally would recommend Coinbase to buy and manage your Dash. Coinbase is one of the most famous crypto exchanges worldwide. Their homepage and their app are very clear and easy to use. That`s why Coinbase is probably the easiest place to buy and sell crypto.
If you just like to accumulate some smaller amounts of Dash for free you can claim every five minutes from the Dash Faucet.
Dash Price Prediction 2020 - 2025
Predictions can vary widely depending on the basis on which they were created. Many forecasting platforms use algorithms and evaluate historical data, others evaluate growth potential based on the company's recent or upcoming events. As with many other cryptocurrencies, opinions in the dash forecast, therefore, differ widely:
The forecasting platform "Long Forecast" estimates an easy start with nearly no fluctuations for 2021. At the end of 2021, Dash will be around $84. The next years are expected to go badly. The Dash rate will drop rapidly in the next months and will reach a maximum price of $ 40 at the end of 2022. 😱
"Trading Beasts" is forecasting that Dash could rise to $90 by the end of 2021. Their maximum price prediction for the end of 2023 is around $118.
Walletinvestor is a popular website that makes technical analysis-based price predictions of various cryptocurrencies and has traditionally been skeptical of most coins. The well-known forecast website gives a clear no in response to the question of whether a long-term investment in Dash would be worthwhile. The platform uses AI to analyze chart data. They come to the conclusion that Dash will drop sharply in the next few years until 2024. By June 2024, a dash coin will be worth $8. This corresponds to a loss of over 95% compared to the current price. Walletinvestor is considering Dash a bad investment.
My Personal Prediction
I also had a small amount of Dash in my portfolio for a long time. Dash was one of my first altcoins. But investing in Dash today seems to be risky. When it comes to Dash it is hard to say today if Dash will become one of the biggest losers or one of the biggest winners. I personally believe that the time of payment coins like Dash is over because there is no real need for it anymore. Btw, I believe that the same applies for all the different forks of Bitcoin like Litecoin. That`s why I have decided to sell all my Dash. If you simply compare the price of Bitcoin with the price of Dash you come to the conclusion that Bitcoin is the better investment.
Not only Bitcoin would be a better investment than Dash. At the moment there are many other crypto projects that are much more promising like Polkadot, Chainlink, or Yearn Finance, just to name a few.
At the end of my post, I also like to remind you that my intention in this post is to raise your awareness of Dash and my intention is not to replace your own research. I may look smart on my profile pic but I am not your financial sensei. 🤓 However, my post really reflects my own opinion.
I hope I could provide you with some interesting and useful information about Dash. Now what are you thinking, is Dash still worth an investment?
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