DASH Price Prediction
August 05, 2020
What is DASH coin?
Dash is the cryptocurrency, which was created in 2014 to ensure the anonymity and safety of users. It takes place in Top 15 cryptocurrencies in the world and its daily volume is about $ 200 MLN. Today Dash market capitalization is about $ 700 MLN and DASH current price is about 80 USD.
DASH Coin Price History
In 2017, the Dash coin price increased by 8000%, which attracted the investor’s attention. At the launch time, the DASH price was just 0.2 USD. Within a few months, the Dash price began to rise fast – Dash was trading at $ 12 in August 2016. In 2017, there was a big jump in the Dash price: $ 109 was given for 1 DASH.
At the end of 2017, there was the largest price of the Dash coin, 1 DASH was sell for 1584 USD. During 2018, the Dash price decreased from $1300 to $80 and its market capitalization decreased from $ 12 BLN to $ 600 MLN. Despite this, the Dash community gradually developing and still reaching large volumes.
DASH Coin features
Dash architecture consists of two separately parts: miners and the master node that confirm the transaction. This mechanism is called “PrivateSend”, because the principle of a two-level architecture provide completely anonymous transactions. The system doesn’t store data about who send and receive the transactions and it’s impossible to identify them during network operation. Users can set a number of mixes for they transaction from 2 to 8. As soon as the mixing is completed, the owner of the tokens receives them to new addresses in 2-3 minutes only. These facts are attract a lot of users and it explains the DASH price.
DASH Price Prediction
At the end of 2018, in the media appeared news that DASH coins began to be accepted as a means of payment by the fast-food chain Church’s Chicken restaurants in Venezuela – this is one of the signals that cryptocurrencies getting a mass adoption which necessarily affects its value. The Dash advantages are not only in the possibilities of anonymous transactions but also in the technology of mining, nonetheless, as for the perspectives of DASH price for 2019, it depends on what will happen with Bitcoin.
Market prediction for DASH price
On December 2019, the cost of one DASH coin was $ 58. This price is the lowest in the last 2 years, because having overcome this mark in March 2017, the Dash price was no longer approaching it. Based on the fact that the crypto market conditions have changed a lot, and private investors have rethought their approach to buying cryptocurrencies, Dash has chances for success.
#1 Smartereum DASH Price Prediction
Very positive forecast for DASH price in 5 years, the coin may cost up to $5000.
#2 WalletInvestor DASH Price Prediction
Wallet Investor predicts bad long-term invesment index for DASH coin. DASH price may probably decrease to $6.5.
#3 CoinPredictor.io DASH Price Prediction
By December DASH price will may decrease to $30 per coin.
DASH price prediction verdict
Despite strong competition from Monero (XMR) and Bytecoin (BCN), the Dash coin will find its place in the market. And if this year we’ll see an influx of large investors in the cryptocurrency market, then DASH price has every chance to reach the price of 500-600 USD.
How to exchange DASH
You can exchange DASH on the exchange services, but you shouldn’t store all your funds there, because these services are centralized. They stored your Private keys on their bases and theoretically it may be hacked.
You can trade the part of your DASH on the exchange and store all your DASH in the wallet. Or you can do it in one place. In Atomic Wallet you can manage 300+ cryptocurrency assets and instant exchange over 60 trading pairs in one secure interface.
How to choose DASH wallet
To make a good choice of the cryptocurrency wallet you need to know the difference between them. There are 3 types of the cryptocurrency wallets:
- Cold wallets
- Custodial wallets
- Decentralized light wallets
Cold wallets download the full node. Custodial wallets store your Private keys in their bases and it theoretically may be hacked. Decentralized wallets store your Private keys in an encrypted manner on your device, so while you own your 12 words you can be sure that your money is under your control.