Dash is an open-source cryptocurrency that was forked from the Bitcoin blockchain. It solved a lot of problems that its big brother suffers from: Dash was designed to have a swift governance structure and to enable cheap instant transactions.
Although it’s currently not at the level of popularity it used to be in 2018 and 2019, Dash is still a well-loved and respected cryptocurrency that has a great technical foundation and real-world applications. Each year, Dash gets closer and closer to its goal of becoming the ultimate payment option.
Dash’s price hasn’t been on the news lately: although it has mooned in early 2021 alongside the rest of the crypto market, it didn’t manage to retake its all-time high. However, Dash still has a bright future ahead and has a chance to double its previous maximum price.
So, what’s in store for this dashing cryptocurrency? Let’s find out!
- Dash Overview
- What Is DASH, and How Does It Work?
- DASH Benefits
- Dark Gravity Wave (DGW)
- DASH Technical Analysis
- Dash Price Prediction 2022
- DASH Price Forecast for May 2022
- June 2022: Dash Price Forecast
- DASH Price Forecast for July 2022
- August 2022: Dash Price Forecast
- DASH Price Forecast for September 2022
- October 2022: Dash Price Forecast
- DASH Price Forecast for November 2022
- December 2022: Dash Price Forecast
- Dash Price Prediction 2023
- Dash Price Prediction 2024
- Dash Price Prediction 2025
- Dash Price Prediction 2026
- Dash Price Prediction 2027
- Dash Price Prediction 2028
- Dash Price Prediction 2029
- Dash Price Prediction 2030
- Dash Price Prediction 2031
- DASH Price History
- Should You Buy DASH?
- Is Dash a good investment in 2021?
- Does Dash have a future?
- Can Dash hit $10,000?
- Is Dash better than Bitcoin?
- What will Dash be worth by 2022?
- How much will Dash be worth in 2025?
- Is Dash mining profitable?
- Will Dash’s Price Go Up?
What Is DASH, and How Does It Work?
Although the crypto market is extremely speculative, the underlying value of digital assets, their fundamentals, utility, and more still plays a big role in determining their price.
Dash was initially called “Xcoin” and was launched back in 2014. It officially rebranded as “Dash” in March 2015. Its primary focus at launch was privacy and anonymity, but with time this cryptocurrency has switched its sights on becoming a universal medium for daily transactions.
The demand for a borderless, private, and at the same time quick and cheap way to make purchases and send money has always been high, and Dash aims to fulfill this need. The company has already expanded into Venezuela: crypto came to this country when civil unrest was at its worst. Citizens were looking for a quick and cheap alternative payment option to their national fiat currency, which was rendered nearly valueless by inflation.
Alongside directly providing people with a cheap yet quick method of making transactions, Dash also quite heavily invests in crypto and blockchain technology research. The company has recently partnered with Arizona State University, funding their research aimed at accelerating “research, development, and education in ways that advance blockchain transaction speed, efficiency, security, and expand its uses.”
DASH often gets compared to Bitcoin, which isn’t surprising — after all, it is based on BTC. But these two cryptocurrencies are rather different — most importantly, in the way they handle transactions.
Dash uses a two-tier network structure that significantly improves its efficiency. The first tier is a proof-of-work system that uses mining rigs to solve complex mathematical problems and adds blocks to the blockchain. The second tier is masternodes — probably, one of the most defining features of the Dash coin.
The Dash crypto coin has quite a lot of real-life uses beyond just being a speculative asset — among other things, it can be used to purchase goods and services through the DashDirect app. Alternatively, you can trade the DASH coin on most mainstream crypto exchanges, including but not limited to Coinbase and Binance.
Dash is currently ranked 72nd on CoinMarketCap and has a market cap of over 2 billion USD. You can buy the DASH coin on one of many mainstream crypto exchanges or mine it using GPU/CPU/ASIC.
The popularity of Dash didn’t come from nowhere: in addition to the smart decisions made by its team, such as expanding into Venezuela in 2018, the coin is also backed by its incredible technical fundamentals. Dash offers its users quite a lot of benefits when it comes to making cheap and private transactions — for example, its transaction speed is just 1 second.
The benefits and advantages Dash can provide to its users are attributed to its features, such as PrivateSend, InstantSend, and others. Let’s take a closer look at them.
PrivateSend is a feature that swaps coins between users, thus breaking the traceability of individual Dash coins and making the network safer for all parties involved. It prevents coins from being traced and blocks outsiders from accessing each coin’s transaction history.
Any user that can prove that they own at least 1,000 DASH can run a masternode on the Dash network. Masternode owners are allowed to vote on funding and governance proposals. Additionally, users can receive rewards for running a masternode. Every time a new block is added to the blockchain, it generates some rewards, which are then split in three ways: 45% goes to the miners, another 45% goes to the masternodes, and the remaining 10% goes to Dash coin’s governance budget.
Masternodes are also responsible for the CoinJoin and InstantSend features.
CoinJoin is a feature that ensures the privacy and security of all participants of a crypto transaction. It is a trustless (non-custodial) method of running a sequence of transactions in a way that makes it difficult for outsiders to trace and monitor the transaction history.
CoinJoin is currently available in the Dash and Dash Electrum wallets.
InstandSend is a feature that allows Dash users to instantly send Dash coins to each other. It is supported by a wide range of wallets and vendors, including but not limited to Kraken, Dash iOS and Android wallets, Bitrefill, and others.
X11 is a unique hashing algorithm that was created by one of Dash’s core developers Evan Duffield. It is a chained proof-of-work algorithm that utilizes a sequence of eleven different hashes for maximum efficiency and fairness. It is capable of providing users with increased security while simultaneously reducing the uncertainty associated with any crypto asset.
ChainLocks is a feature that protects Dash from the 51% attacks that are common in the crypto world. It provides an effective and quick alternative solution to the blockchain reorganization threat.
Dark Gravity Wave (DGW)
Dark Gravity Wave, DGW for short, is an open-source difficulty adjustment algorithm for Bitcoin-based cryptocurrencies. It adjusts the difficulty levels of every block based on the data from recently found blocks. This approach enables the network to issue new blocks at relatively consistent times, preventing the time-warp exploit even during high fluctuation periods.
DASH Technical Analysis
Dash Price Prediction 2022
According to the technical analysis of Dash prices expected in 2022, the minimum cost of Dash will be $69.37. The maximum level that the DASH price can reach is $80.29. The average trading price is expected around $71.59.
DASH Price Forecast for May 2022
Based on the price fluctuations of Dash at the beginning of 2022, crypto experts expect the average DASH rate of $58.21 in May 2022. Its minimum and maximum prices can be expected at $53.22 and at $59.88, respectively.
June 2022: Dash Price Forecast
Cryptocurrency experts are ready to announce their forecast for the DASH price in June 2022. The minimum trading cost might be $57.74, while the maximum might reach $62.21 during this month. On average, it is expected that the value of Dash might be around $59.96.
DASH Price Forecast for July 2022
Crypto analysts have checked the price fluctuations of Dash in 2022 and in previous years, so the average DASH rate they predict might be around $61.76 in July 2022. It can drop to $59.54 as a minimum. The maximum value might be $65.20.
August 2022: Dash Price Forecast
In the middle of the year 2022, the DASH price will be traded at $63.61 on average. August 2022 might also witness an increase in the Dash value to $68.29. It is assumed that the price will not drop lower than $61.39 in August 2022.
DASH Price Forecast for September 2022
Crypto experts have analyzed Dash prices in 2022, so they are ready to provide their estimated trading average for September 2022 — $65.52. The lowest and peak DASH rates might be $63.30 and $70.84.
October 2022: Dash Price Forecast
Crypto analysts expect that at the end of summer 2022, the DASH price will be around $67.49. In October 2022, the Dash cost may drop to a minimum of $65.27. The expected peak value might be $74.11 in October 2022.
DASH Price Forecast for November 2022
Having analyzed Dash prices, cryptocurrency experts expect that the DASH rate might reach a maximum of $77.49 in November 2022. It might, however, drop to $67.41. For November 2022, the forecasted average of Dash is nearly $70.19.
December 2022: Dash Price Forecast
In the middle of autumn 2022, the Dash cost will be traded at the average level of $71.59. Crypto analysts expect that in December 2022, the DASH price might fluctuate between $69.37 and $80.29.
Dash Price Prediction 2023
After the analysis of the prices of Dash in previous years, it is assumed that in 2023, the minimum price of Dash will be around $96.23. The maximum expected DASH price may be around $122.25. On average, the trading price might be $99.10 in 2023.
Dash Price Prediction 2024
Based on the technical analysis by cryptocurrency experts regarding the prices of Dash, in 2024, DASH is expected to have the following minimum and maximum prices: about $134.90 and $166.99, respectively. The average expected trading cost is $139.85.
Dash Price Prediction 2025
The experts in the field of cryptocurrency have analyzed the prices of Dash and their fluctuations during the previous years. It is assumed that in 2025, the minimum DASH price might drop to $198.19, while its maximum can reach $238.46. On average, the trading cost will be around $205.18.
Dash Price Prediction 2026
Based on the analysis of the costs of Dash by crypto experts, the following maximum and minimum DASH prices are expected in 2026: $346.23 and $301.68. On average, it will be traded at $309.88.
Dash Price Prediction 2027
Crypto experts are constantly analyzing the fluctuations of Dash. Based on their predictions, the estimated average DASH price will be around $441.61. It might drop to a minimum of $426.12, but it still might reach $507.81 throughout 2027.
Dash Price Prediction 2028
Every year, cryptocurrency experts prepare forecasts for the price of Dash. It is estimated that DASH will be traded between $613.43 and $726.80 in 2028. Its average cost is expected at around $635.51 during the year.
Dash Price Prediction 2029
Cryptocurrency analysts are ready to announce their estimations of the Dash’s price. The year 2029 will be determined by the maximum DASH price of $1,050.43. However, its rate might drop to around $900.60. So, the expected average trading price is $932.38.
Dash Price Prediction 2030
After years of analysis of the Dash price, crypto experts are ready to provide their DASH cost estimation for 2030. It will be traded for at least $1,317.48, with the possible maximum peaks at $1,573.06. Therefore, on average, you can expect the DASH price to be around $1,354.78 in 2030.
Dash Price Prediction 2031
Cryptocurrency analysts are ready to announce their estimations of the Dash’s price. The year 2031 will be determined by the maximum DASH price of $2,260.05. However, its rate might drop to around $1,839.00. So, the expected average trading price is $1,893.20.
DASH Price History
As we can see on the price chart, DASH has been more or less stable in the past few months: although it looked like it was going for another huge spike in August, its momentum eventually fizzled out, and Dash’s price remained in the $180-200 range in September. DASH managed to hit $244 in early November but has since dropped back below the $200 price level.
When looking at Dash’s price action for the entirety of the coin’s existence, it becomes evident right away that this is one of those cryptocurrencies that closely follows the price fall and rise of the whole market. DASH has had two massive breakouts: back in late 2017, during the famous altseason, and once again in early 2021, when all cryptocurrencies experienced a massive surge in price.
In 2018, we also saw the DASH price drop alongside the crypto market — but that wasn’t exactly the case in 2021. While we witnessed its price fall, DASH, unlike many other coins and tokens, didn’t go back to its pre-boom numbers and even managed to cross over the $200 mark a few times. Although that can be attributed to the overall strengthened position of crypto, it is also possible that the community and investors now better understand and appreciate the fundamentals of Dash and thus value it higher. Either way, it is a good sign.
Should You Buy DASH?
Well, as we always say… It depends! Do you think this coin will fit well into your portfolio? If so, then you should buy it. However, it might not be the coin to invest in if you’re looking to make a big profit quickly — Dash has shown a tendency to only rise alongside the entire crypto market and doesn’t have much mooning potential (at least, none that we’ve seen yet — as always, everything is possible).
However, Dash has an extremely solid technical foundation and real-world applications, which give it an edge over hundreds of other digital currencies, many of which are nothing but speculative assets. Additionally, the Dash community is also quite dedicated and is passionate about this cryptocurrency. As a result, DASH can be a good investment in the long term.
Here are some things you should consider before you buy Dash:
- As any other cryptocurrency, it is highly volatile.
- The volatility creates another issue: the goal of becoming a universal payment system is unachievable as long as the Dash coin price remains unstable.
- The timing of when you buy and sell Dash plays a big role in how much profit you might be able to make — keep an eye on the latest news and don’t make rash decisions.
Dash has a chance to become a profitable investment in the long term and is relatively future-proof. However, please remember that this article is not investment advice: always do your own research before investing in any coin or token. Additionally, don’t forget to get a secure wallet that supports the Dash cryptocurrency.
Is Dash a good investment in 2021?
The Dash cryptocurrency has the potential to be a profitable investment. If it fits into your portfolio, it can be a good buy.
Does Dash have a future?
Dash has a solid technical foundation and proven real-world applications. Most DASH price predictions expect the coin to rise in the future.
Can Dash hit $10,000?
The Dash price is unlikely to hit $10,000 any time soon or at all. However, it is still possible.
Is Dash better than Bitcoin?
As Dash was based on Bitcoin, it solves some of the issues that the biggest cryptocurrency in the world still faces to this day (for example, Dash is more efficient and uses less energy).
What will Dash be worth by 2022?
According to our Dash price prediction, the coin will be worth $300 in 2022.
How much will Dash be worth in 2025?
According to our DASH forecast, this cryptocurrency can potentially hit $2,000 in 2025.
Is Dash mining profitable?
Will Dash’s Price Go Up?
If the majority of price predictions are to be believed, then DASH will rise in the future.