Dash is a cryptocurrency on the Dash network — a fork of Litecoin designed to make digital payments fast, easy and cheap. The project was launched in January 2014 and is one of the oldest projects in the crypto space. It was initially called XCash, later renamed as Darkcoin, in 2015 settling for “Dash”, which is short for “digital cash”.
Dash was conceived as a faster and more private alternative to the dominant cryptocurrencies at the time, as it became evident that those coins are not up to the task. As the user base of, for example, Bitcoin grew, so did the transaction times and costs. There are also privacy issues inherent to Bitcoin (or most of its forks) — its transparency means that the entire transaction history is traceable, making Bitcoin non-fungible in many cases — i.e. some bitcoins are “more equal than others”. Dash solves these issues, which are non-conducive to a currency aiming to be an everyday means of payment, using a unique two-tier network architecture. It’s composed of miners and so-called Masternodes, which enables such features as instant transactions, privacy tools, very low fees, etc., which make Dash useful even for small everyday transactions such as buying a cup of coffee. Dash’s team prioritizes partnering with merchants to ensure that as many as possible take Dash as a means of payment. Dash coin is also used inside the network for staking and governance.
Dash Price Chart
The crypto market bull run of the first half of 2021 included Dash, too, as this cryptocurrency’s price went from ~$100 in December 2020 to more than $300 in February. After a correction, which lasted about a month and saw the Dash price fall a little under $200 at one point, Dash surged again — this time even higher, by May reaching $476.85, which is its highest price since early 2018. When the market plunged later in May, Dash did too — first quickly falling to ~$200 by the beginning of the summer and later gradually climbing further down towards ~$110. In the second half of July, Dash’s price experienced a possible trend reversal, reaching ~$160 by the end of the month. This might be a sign of the pending market recovery.
Dash Technical Analysis
Dash price went through a consolidation towards $130 point in the first half of summer 2021. Taking a closer look, one can see a short bearish channel, lasting from July 1 to July 18. On July 19, after this period of (low-volatility) trading inside the channel, Dash’s price exited this channel and shot up, easily breaking through the previous resistance level at $145. By late July it remains to be seen whether Dash will be able to break another possible resistance at ~$179, as well as the level of the double tops seen in early June when it reached ~$212.
Dash Price Prediction
Below we have collected the most reliable price projections for Dash (DASH) from popular forecast platforms.
#1. WalletInvestor DASH Price Prediction for 2021, 2023, 2025
According to WalletInvestor, Dash price will grow from $185.42 to $222.792 in one year. That makes DASH an awesome investment. The long-term earning potential is 20.16%. Predicted price for the end of 2026 is $475.146.
#2. DigitalCoin DASH Price Forecast for 2021, 2022, 2023, 2025
In DigitalCoin analysis, the price of Dash cryptocurrency will rise in the next 5 years starting from $182.759 as of today’s price to $594.7425985. It will go up to $307.4566482 by 2022 and continue its growth in 2023–2024. Based on this forecast, Dash is a profitable long-term investment.
#3. LongForecast DASH Price prediction for 2021–2022
In 2021, the average Dash price will go up to $229.2. In 2022, Dash’s price will rise significantly to an average of $278.75.
Summary
As it can be clear from the analysis cited above, Dash (DASH) projections are rather contradictory. There is no universal consensus either about positive or negative future DASH price movements. Indeed, the future possible growth depends on various factors: announcements, new technological solutions of the Dash projects, the crypto environment in general, legal position, and so on. We kindly remind you that before investing in any cryptocurrency, it is essential to do your own research (DYOR).
FAQ
Is DASH coin a good investment?
Dash coin is a good investment, according to most sources. Most Dash price predictions promise long-term growth, with some dissenting voices, who, however, don’t necessarily think Dash is going to depreciate either.
How much is DASH coin worth?
In late July 2021, Dash’s price was hovering around the $160 mark. As the market is fickle, with forecasts sometimes changing every day, Dash’s future price prediction is less certain.
Is DASH a good investment in 2021?
Yes, Dash has been named among the good investments in 2021 by most crypto experts. Despite Dash’s price declining since May, Dash’s price forecasts are predominantly optimistic, predicting 30% or more growth in a year, with more to come.
What is the DASH coin?
Dash coin is a cryptocurrency with a focus on fast, cheap, and private digital payments. Dash is accepted by many small businesses, such as coffee shops, who are partnered with the Dash parent company.
What will DASH be worth in 2025?
Dash will be worth up to $400 in 2025, according to the various Dash price predictions. Keep in mind that the crypto market is volatile, and any future price forecast, Dash included, is subject to change.
Is DASH better than Bitcoin?
Yes, Dash can be better than Bitcoin for some specific purposes: Bitcoin is not very useful for small payments, due to transaction speed and high fees. Dash is also more private than Bitcoin. On the other hand, Bitcoin has many advantages, of course, as a tried and true, first of its kind, cryptocurrency.
Does DASH have a future?
Dash does have a future, many sources claim. Its goal of developing an ecosystem of instant transactions, including the Dash currency, the Dash app, and many partnerships with the businesses who accept Dash, seems to have a lot of potential while being reachable. At the very least, Dash price predictions mostly reflect public optimism about its future.
Disclaimer: This article should not be considered as offering trading recommendations. The cryptocurrency market suffers from high volatility and occasional arbitrary movements. Any investor should research multiple viewpoints and be familiar with all local regulations before committing to an investment.
How to buy Dash fast and easily?
Just go to SwapSpace and follow these easy steps:
- Choose the exchange pair, i.e. BTC to Dash, and the amount for your exchange and press the “View offers” button.
- Select the best exchange offer. You can sort them by better rates, exchange trust rates, or fixed and floating exchange options.
- Provide the recipient address to which the coins will be transferred.
- Transfer your money to the exchange service.
- Just wait until you'll see DASH in your wallet!
About SwapSpace
SwapSpace is a cryptocurrency exchange aggregator that allows to swap over 700 cryptos with both fixed and floating rates. We gather the rates of major crypto exchanges on the market onscreen and let our users compare and choose whatever option they like the most. We don’t add any fees over the partners’ rates, which makes the exchanges via SwapSpace profitable. The exchange time is no longer than at any of our integrated services starting from 10 minutes. SwapSpace support works 24/7.
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