Right after the historic United States – North Korea summit and just a few days before the inauguration of the 2018 FIFA World Cup in Russia, cryptocurrency investors were closely watching the market as Bitcoin approached its lowest value for the year. When market conditions reach these levels, making a Dash price prediction may seem easier, but this is always a complicated endeavor because of market volatility, a factor that will be discussed towards the end of this article.
The following Dash price prediction scenarios take into account how this digital currency is developing, what may happen later this year, two years from now, and in 2025.
General Dash Predictions
* This cryptocurrency is one of the real “altcoins,” which means that it is based on the same open-source blockchain technology as Bitcoin. This also means that its market performance is often similar to that of Bitcoin.
* Dash was ranked as the 13th most valuable cryptocurrency in terms of market capitalization in mid-2018. This digital currency has the notable distinction of serving an academic purpose: in late 2017, Arizona State University received a $350 million donation from the Dash treasury to advance blockchain research. Based on this fact, a few positive Dash price prediction scenarios can be inferred.
Dash Price Predictions for 2018
There was a time when Dash enjoyed even better growth than Bitcoin, and that was when Arizona State University made the aforementioned blockchain research announcement. Once Dash entered the top 15 list of most valuable cryptocurrencies, market analysts remarked that this crypto coin had become an investment commodity; to this effect, we can apply a technical analysis when coming up with a Dash price prediction for 2018.
Dash could easily shake off the bearish pressure it has been under for most of 2018 once a Bitcoin rally materializes. Looking at trends developing at the Chicago Mercantile Exchange, where people trade Bitcoin future contracts, we can safely assume that a rally is forthcoming; to this effect, Dash could reach a value of $475 by September.
The technical analysis clearly shows that Dash has entered a pattern of falling triangles that could come to an end by August 2018. Under Bitcoin rally conditions, Dash could climb up the cryptocurrency charts to rank within the top ten and reach a value of $632 by the end of the year.
Dash Price Predictions for 2020
It is actually easier to make Dash price predictions on a longer term basis based on the pace of its development and circulation. From a practical point of view, Dash is a superior cryptocurrency when you compare it to Bitcoin. As such, you can explain this by its governance. Dash is not subject to pressure by mining cartels or feuding core developers. This means that its appreciation could stabilize in a couple of years.
A reasonable scenario for Dash in 2020 would be for it to become more widely accepted. This goes for peer-to-peer transactions such as money transfers. To this effect, this digital currency could find a comfort point between $600 and $800.
A $1,000 price scenario for Dash in 2020 stands on the fact that its superior blockchain makes it easier to settler transactions. An interesting feature of this altcoin is that transferring funds to prepaid debit cards is easier than with Bitcoin and other major digital currencies; this could lead to greater acceptance. The privacy aspect of Dash will likely continue to make it a more enticing cryptocurrency when compared to Litecoin and other competitors.
Dash Price Predictions for 2025
The business ecosystem that develops around Dash is becoming stronger. A few progressive-thinking merchants have embraced Dash as their favorite online payment system. These businesses include VPN providers, 3D printing companies, bill payment services, wine merchants, and video game stores.
The future of Dash depends on the currency holders thanks to its autonomous treasury governance system. The Dash wallet holders approved the $350 million endowment to Arizona State University. Just like that, they will decide democratically the development path of this digital currency.
Dash could hold its $1,00 price for most of 2025. There are lots of analysts who forecast $5,000 Dash price scenarios for 2025. They base their opinions on the assumption that this altcoin will continue to be an investment commodity. However, there is a greater chance for it to enjoy greater circulation and stability than Bitcoin. A more realistic Dash price prediction for 2025 would be between $1,000 and $1,500 for the year.
Dash Volatility Overview
Given the way Dash has developed in the cryptocurrency world, it stands to reason that it will continue to be impacted by the forces of volatility. It’s a decentralized and autonomous treasury that gives currency holders a voice and a vote. As such, Dash has the potential of appealing to people who want to get true functionality. Moreover, they want true circulation out of this altcoin. However, this is unlikely to dissuade investors from acting in a speculative manner.
There is a strong chance that the real-world Dash network of online payments will surpass Bitcoin. Or at least in terms of widespread acceptance. When this happens, Dash volatility will go down significantly and its price will settle as it competes against paper currencies.
What is your personal Dash price prediction? Do you believe that this cryptocurrency will not rise above being an investment commodity for speculators? Then leave a comment with your rationale. Dash has great potential for circulation. However, only time will tell if this digital currency has the competitive edge it needs to become mainstream. We will update the predictions presented herein in the future. However, it is important to note that actual prices may not stay up to date for very long. Still, the forecasts will remain accurate for some time.
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