DASH Price Prediction: Can It Get to $1,000 Again?

What’s a lot like Bitcoin but better? The altcoin Dash is certainly one contestant. With that in mind, a Dash price prediction is well in order for traders wishing to stay ahead of the curve.

With eight years in the crypto space and counting, Dash isn’t some untested newcomer. No, this network has used its time wisely to position itself as a leader in the digital payments sphere. What’s more, it boasts four times the speed of Bitcoin and a dedicated feature for privacy-focused transactions. Not to mention that Dash allowed staking well before proof-of-stake was cool.

This crypto token started at less than a dollar and climbed to a whopping $1,550 in 2017, thanks to its unique features. It may have hit a bit of a slump as it rebranded from a privacy coin to a direct payment method, but many experts expect it to kick off again soon.

So, what’s in store for DASH? Will it hit $1,000 again like crypto traders hope? Read this DASH price prediction to find out.

News & Updates Affecting DASH’s Price

The most exciting development surrounding Dash recently was the release of Dash Platform v0.22 on the test network. The latest iteration comes with better storage and introduces additional rewards for Masternodes.

Notice that while this upgrade is not live, it will give the Dash team crucial data about possibly implementing some or all of these improvements live soon. As with other networks, new functionalities often attract interest and raise the value of a token.

It’s hardly surprising that DASH overcame the strong resistance level at $100 in March when the update came.

DASH Technical Analysis & Price History

The past performance of an asset can tell us a lot about its tendencies. Some of this data can help us make a realistic Dash price forecast. However, even technical analysis cannot accurately predict the future, so do not rely on these assessments alone.

DASH Price Analysis

When DASH first appeared, it traded under $1 — its average price for the first year was around $0.75. Then, it slowly gathered momentum and had its first noticeable price rise in early 2017 when it surpassed $100. DASH ended the same year at an all-time high of $1,550 — a maximum price it has not been able to reach again since.

From 2018 to 2021, the DASH price continued to trend lower, sinking further and further away from the ATH. It wasn’t until 2021 when the crypto market went through a new boom, that there was another DASH price rise. It reached a maximum price of $440 in May 2021.

Then, it declined again as investors started collecting their profits. The token went through two more rallies, albeit to lower peaks — $270 in August and $234 in November 2021.

The current price of DASH is $103 as of writing. This value translates to a market cap of $1.1 billion, giving Dash the 79th spot on CoinMarketCap.

Technical Analysis

The moving averages and oscillators disagree on the daily chart of DASH/USD. The former recommend a strong sell, while the latter give a buy signal. The oscillators are less confident on the weekly chart, where they maintain a neutral position, while the MAs still recommend a strong sell. The same scenario plays out on the monthly chart. For the time being, the sell signal is dominant. In other words, technical analysis gives us bearish Dash price predictions for the near future.

Dash Price Prediction & Expert Forecasts

Using the data above, plus DASH price forecasts made by different experts, we can provide you with some ideas about the future price of DASH.

• Dash price prediction 2022: WalletInvestor expects a maximum price of up to $371 by the end of 2022. As for the minimum price, its team has forecasted it up to mid-May, where it predicts a Dash price equal to $4.1.
• They see that level as the average trading price of DASH next year, with the token climbing to $527 in late 2023.
• By 2025, the token can reach a maximum price of $1,084, based on WalletInvestor’s Dash coin price prediction. The average forecast price for the same year is around $250.
• PricePrediction.Net expects a much lower growth and gives a Dash forecast of $474 by 2025, with an average Dash price of $431.40.

What Do the Experts Say?

• Crypto expert Coin Bureau has expressed some concerns over the direction Dash has taken. He believes that Dash lacks the security of true privacy coins like Monero, and has also not been able to make room for itself in the payments space. It has chosen to develop the Dash platform as an alternative — to medium success. Coin Bureau feels that if Dash returns to its privacy roots, it can potentially strengthen again because it is currently in limbo.

• On the contrary, BitBoy Crypto praised Dash’s efforts to become a popular payment method. He sees a lot of potential in that regard. As a result, he made a bullish prediction for DASH. He initially expected it to top $2,200 in 2021, which didn’t happen. Still, nobody counted on the pandemic and other complications troubling crypto for so long. Perhaps the growth BitBoy Crypto expected will still come if things stabilise.

DASH: A Brief Overview

Dash is one of the oldest altcoins — cryptocurrencies that appeared after Bitcoin, seemingly to address and correct some of its flaws. When it comes to technical improvements, Dash certainly has BTC beat. So what makes this crypto token so special?

When it first launched under the name Darkcoin back in 2014, Dash clearly prioritised obscurity. Though it uses the same proof-of-work consensus mechanism as Bitcoin, Dash has added some original features to its blockchain to make it more privacy-oriented.

Most notably, this includes the PrivateSend function. It allows for multiple transactions to get mixed together inside Masternodes when the information is verified. Thanks to this grouping up, it becomes virtually impossible to track any individual operation performed this way.

Another unique and popular feature of the Dash network is InstantSend, which permits DASH transfers without verification. Instead, the data about each transaction is processed a bit later and added to future blocks.

Moreover, the Dash network pioneered staking before proof-of-stake was a thing. From the get-go, it allowed token holders to stake their coins to participate in the governance of the blockchain. This function is accessible to Masternodes — network members that stake at least 1,000 DASH. As you can see, Dash was ahead of its time in many regards.

Yet another advantage of the Dash blockchain is its speed. New blocks are mined every 2.5 minutes, four times faster than Bitcoin. As a result, Dash users enjoy a faster transaction speed. Even at a reduced reward rate (45%), the overall benefits for miners are greater with Dash.

The new name — Dash — stands for ‘digital cash’ and highlights this crypto’s ambition to become a standard payment method worldwide.

The DASH Coin

DASH is the network’s native cryptocurrency. It has a maximum supply of 18.9 million DASH coins, which protects the token from unruly inflation. DASH has value as a means of payment, as well as governance rights on the Dash network.

Where to Buy DASH

All major crypto exchanges such as Coinbase and Binance list DASH. However, most exchanges are not well-suited to beginners and can only allow you to hold an asset. A much more flexible option is trading DASH using a brokerage like eToro. You can get a lot of help from the eToro team if you’re new to crypto trading, plus you can also sell Dash rather than just holding it. This method has additional benefits, such as demo practice accounts, bonuses, and more instruments to invest in to diversify your portfolio.

FAQs

More information is always better when it comes to investment and cryptocurrencies. After all, the financial markets move so quickly and unpredictably that you need all the help you can get. That’s why we’ve compiled even more helpful info about DASH in this section.

Is Dash a Good Investment?

The technology behind the Dash network is sound and promising. This token’s developers have really put in the work to create a blockchain that can execute transactions quickly while protecting one’s privacy. Moreover, the network aims to become a widely accepted payment method with real-life applications. All of these factors mean that DASH is future-proof and can achieve great things with wider adoption.

However, we cannot tell you if it’s a good investment or not. That depends on your goals, budget, strategy, and what’s already in your investment portfolio. Plus, the cryptocurrency market is very unpredictable, and no one can guarantee you a positive outcome.

Is Dash Better Than Bitcoin?

It depends. As the mother of all cryptocurrencies, Bitcoin is more famous and more valuable than DASH. However, the Dash network is faster and more secure than Bitcoin. What’s more, the Dash team develops new features all the time, so there’s more innovation with this cryptocurrency.

Can DASH Coins Reach $1,000?

Considering DASH was once worth well over $1,000, it’s entirely possible for it to surpass this milestone again. Some DASH price forecasts see the token reaching that level by 2025. Still, we wouldn’t recommend reading too much into it due to the unpredictable nature of the crypto market.

What Celebrities Have Invested in DASH?

You’ve probably heard of Tesla CEO Elon Musk’s great love of cryptocurrencies. Other billionaires like the Winklevoss twins, Cathie Wood, Bill Gates, and Warren Buffet have also shown support from crypto. Still, we couldn’t find if any of them keep DASH coins in their portfolios or not.