The coin may not be set as much of a digital asset as Bitcoin, but it’s own functionality as a digital currency is what makes its market move and its value increase or decrease. There is a lot that goes into affecting the price of cryptocurrency, and Dash is no different. Expert Forecasts For Dash In 2020, And Beyond So, with Dash pushing to be a viable alternative to normal online payments, especially in places like Venezuela, these are factors to keep an eye on when determining how the price of Dash will fall and rise in the future, and why Dash is going up. Digital payment, though blockchain tokens, is something taking the world by storm at the moment as banks and even governments look into it. The 2018 bear market was rough for most coins and Dash was no exception as the price of this token bottomed out at around $40.īut, towards the end of 2019 and the start of 2020, there was some renewed hope as the coin then climbed back above the $100 mark reaching above $120 at a point.ĭash, as a coin that is looking to be a functioning cryptocurrency rather than a store of value, is a coin that is greatly affected by the evolution of digital payment.
#DASH COIN PRICE PREDICTION 2020 FULL#
Of course, this level was not sustainable and the price of the coin fell rapidly through the 2018 bear market, falling to as low as $65 a full year later. But, that was not the end of it as the coin spiked to an incredible $1,500 per coin at the height of the 2017 crypto market rush. In 2017, there was a big jump in the Dash price as it reached as high as $109 at the start of 2017. In 2017, the Dash coin price increased by 8,000% leaving many asking how high Dash will go.
Having been around since 2014, it has a longer than most price history, but it is really only from 2017 and the massive price spike, as well as the way it reacted in 2019, that can paint a picture for its price forecast going forward. The Dash trend, like many different cryptocurrency alt coins, has had a wild ride since 2017 to now. There is also PrivateSend, a system that helps to maintain fungibility by swapping coins between users as a way to break the traceability of coins making the network safer, as a transaction cannot be traced and the coin’s history cannot be accessed.įinally, the feature that sets Dash apart is InstantSend that allows for transactions with Dash to be almost instant. Some of the more technical key features of the blockchain include Masternodes, which make up a second tier network, and exist on top of the first tier which consists of normal network miners. This means that Dash transactions are much faster than Bitcoin, something which makes it desirable for everyday usage.
The coin has a hard cap of 18 million Dash coins, which is a lower supply than Bitcoin already a good sign for further price rise.īut, unlike Bitcoin, the average block mining time on the Dash blockchain is 2.5 minutes, around four times faster than Bitcoin which takes about 10 minutes per block. So, will the price of Dash go up? Let’s find out! What Is Dash?ĭash has been around since 2014 in one form or another but people still often ask what is Dash cryptocurrency? It was originally called XCoin and came to be when founder Evan Duffield, unhappy with the transaction speed of Bitcoin, decided to found his own coin, with the intention of having faster transaction speeds and more privacy.ĭash is actually a hard fork of Litecoin - and Litecoin forked from Bitcoin originally. Unlike Bitcoin, it is not a coin intended to be likened to a digital gold, but the way it is being used in struggling economies as an alternative currency, and its effectiveness to be used at speed with little cost, means that the next two to 10 years could be massive for Dash. But, a lot of the interest in the coin depends on the Dash price prediction.īecause Dash has been primarily focused on overcoming some of the bigger issues in the cryptocurrency space that investors feel thus far, such as scaling, speed and cost of transactions, and ease of use, it is a coin that could have a very bright future. Dash coin have become popular and often sought after by investors because it holds a lot of promise and potential as a viable digital currency. Dash is one coin that has established itself as a mainstay in the cryptocurrency space and has been around for many years, and going through a few different uses and iterations.
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