intermediate
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!
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.
DASH Benefits
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
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.
Masternodes
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
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.
InstantSend
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
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
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 Price Today
DASH Price History
DASH price in 2021
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.
DASH Price 2014-2021
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.
Market Predictions
Source: TradingView
The DASH technical analysis from TradingView currently gives the coin a “Sell” signal and predicts that we will see its price drop in the near future. On the other hand, experts from Trading Beasts and Digital Coin Price are bullish on DASH and expect it to hit $300 and $400 soon, respectively.
The community is more reserved in its price predictions: they expect the coin to stay near the $200 price mark, moving up and down but never straying too far from it.
DASH Coin Price Prediction 2021-2030
Please keep in mind that the cryptocurrency market is incredibly unpredictable, and absolutely anything can happen. That’s why we always say that you should take crypto price predictions (including ours) with a huge grain of salt — the market is young and irrational, and no matter how much we try to make our Dash price forecast accurate, mistakes are inevitable.
Crypto price predictions should be taken as a general guide on what may happen to a particular cryptocurrency in the future, not as an investment guide. Please remember to DYOR — do your own research. After all, even the most accurate DASH predictions might fail if a big influencer randomly decides to mention the coin on their social media platforms.
DASH Price Prediction 2021
The crypto market seems to be currently going through a correction, but they’re still five and a half weeks left till the end of the year — more than enough time for cryptocurrencies to start rising again.
Dash is in a good position right now: although its price has been declining for the past few days, the coin is already near its one-month minimum price of $174. The whole crypto market is going through a correction period at the moment, so Dash is not an outlier: if other cryptocurrencies start rising again, so will the DASH price.
The current correction period may motivate people to buy in, which will drive the prices up — it may even mean that we will see the DASH price equal $230 again.
DASH Price Prediction for December 2021
Barring any sudden price movements, we expect the DASH price to remain in the $190-200 range for the rest of 2021. Our Dash price prediction for 2021 is that the coin will manage to retake its 30-day high of $247 in December but probably won’t go much higher than that. In order for DASH to go to the moon, the whole crypto market will need to experience a massive boom.
At the same time, while we are rather bullish on this coin, we cannot ignore that technical analysis from TradingView currently gives DASH a “Sell/Strong Sell” signal. However… that is only if you choose a one-day timeframe. One-week and one-month timeframes both give this cryptocurrency a “Buy” signal.
DASH Price Prediction 2022
Despite the whole crypto market currently experiencing a correction period, we still think it is not a bear market yet. If the current bullish trend continues, then Dash’s price has a chance to slowly but steadily go up to $300 in 2022. Of course, it may have major price spikes, but that is impossible to predict.
If DASH goes to the moon, however, we expect it to retake its current ATH of over $1000 — but according to our Dash price forecast, it is not likely to happen in 2022.
DASH Price Prediction 2023
While our Dash price prediction for 2022 projects the coin to have a rather volatile year, we think that 2023 will be “quiet.” While the pandemic isn’t even near to being over yet, it may become less of an issue in 2023.
If that indeed happens, we can see the crypto market losing some of the hype it has amassed in the past two years as life returns to normal. In such a case, we may see another stagnation period — but this time, according to our Dash price forecast, the coin will stay at the $250 mark.
DASH Price Prediction 2024
According to our Dash coin price prediction, 2024 might be another quiet year for this cryptocurrency and the whole market. We may see it hit $300, but the coin will probably remain at a more conservative price level of $270.
DASH Price Prediction 2025
If our Dash forecast is to be believed, then 2025 will be the year we will witness another crypto market boom. In that case, DASH has all the chances to retake its previous ATH and go to the moon, potentially even reaching $2,000. Additionally, when the correction comes, our Dash forecast expects the coin to not drop below $400.
However, it is just as possible that the DASH coin will not be able to retake its previous heights — that will entirely depend on how its team will promote the coin in the next few years. If it gets implemented as a payment option in more countries, then we can see DASH hitting it big.
DASH Price Prediction 2030
Predicting crypto prices that far into the future is pretty much useless — who knows what will happen to this rapidly changing industry ten years from now. However, if all goes well for both the crypto market and DASH, we can see the coin hitting $500 and comfortably staying at that price level.
DASH Price Prediction 2040
Likewise, 2040 is way too far away for us to be able to make a conclusive Dash forecast. The coin may go to the moon and hit $10,000, or the whole crypto market may crash and burn (which is highly unlikely, and we don’t believe it will ever happen, but it is still a possibility!).
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.
FAQ
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?
Dash mining is hardly profitable at the moment. If you would like to make money by mining crypto, you can try mining Dogecoin or Litecoin instead.
Will Dash’s Price Go Up?
If the majority of price predictions are to be believed, then DASH will rise in the future.
