Dash Price Prediction Forecast — How Much Will Dash Be Worth In 2021 And Beyond?
Dash (DASH) Price Prediction Forecast:
How Much Will Dash Be Worth In 2021 And Beyond?
Will Dash go up or crash? Read our Dash Price Prediction 2021 – 2025
Looking for Dash price prediction 2021 - 2025? Or have you been struggling to answer the question ‘is Dash a good investment? You’re in the right place. We’ll be sharing the top Dash price prediction for 2021 and beyond. we’re taking a look at Dash to find out what the experts have to say about its future performance and how much will Dash be worth in 2021 and beyond.
As you may be able to guess from its portmanteau, Dash (DASH) is a cryptocurrency with one clear focus: digital cash. Although almost all cryptos aim to facilitate online payments, many of the big names (including Bitcoin) aren’t suitable for everyday transactions. From high processing fees and slow transaction times to a complete lack of anonymity, there are numerous factors that mean these assets aren’t optimized for simple purchases.
That’s where Dash comes in. With a market capitalization of $782,438,183 (at the time of writing), Dash is the world’s 28th biggest cryptocurrency. It might not sound too impressive, but many investors believe that its unique features make it a strong contender for their portfolios.
In this article, we’ll explore whether the price of Dash is likely to go up or down in 2021-2025. We’ve taken some of the most compelling cryptocurrency predictions to try and answer the question ‘is Dash a good investment?’ so read on to find out more.
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What Is Dash (DASH)?
Before we dive into our Dash price predictions, let’s take a closer look at the history and features of this cryptocurrency. The prominent American crypto figure Evan Duffield first launched Dash as XCoin in 2014. It was originally a hard fork from Litecoin and was quickly rebranded under the name Darkcoin. This name didn’t last long either — and in March 2015, Duffield chose the name DASH to reflect the currency’s focus on digital cash payments. (‘Dash’ is the name of the platform and ‘DASH’ is its native currency).
Dash was built using the same codebase as Bitcoin. So, what makes it so special? Like most second and third-generation cryptocurrencies, Dash has had the benefit of hindsight. Evan Duffield and the developers of the asset made several key changes to the Bitcoin codebase in order to make their currency more efficient.
These are some of the most notable features of Dash:
- Dash can process transactions very quickly, even offering an InstaSend feature that enables users to send currency in as little as 1.5 seconds. The platform’s average transaction time is 2.5 seconds — around 4 times faster than Bitcoin.
- The platform has a decentralized funding system that allows users to apply for funding in order to create their own Dash projects
- Dash is fully anonymous. One of Bitcoin’s key features is its transparency, and although this is often considered an important benefit, it can be incredibly off-putting for people who don’t want others to be able to see exactly how much they have spent and on what. This is particularly true in countries with strict governments that could exploit the system to monitor citizen payments.
Thanks to these features, Dash has become increasingly popular around the world. In Venezuela, for example, there are now more than 800 merchants who accept DASH payments. This is because the crypto has emerged as a much more stable alternative to the country’s crashing currency, the Venezuelan bolívar. Meanwhile, the Zimbabwean start-up KuvaCash, which gained funds on Dash’s decentralized funding system, is also using DASH to offer an alternative to its country’s national currency.
In America, the platform has also funded Alt Thirty Six, a platform that facilitates payments for the US cannabis industry. We’re even seeing Dash ATMs start to appear in London shopping centres — so it’s clear that this cryptocurrency is transforming the global market.
Short-Term Dash Price Predictions: 2021
Dash price forecast for 2021
What are crypto experts forecasting for Dash in 2021?
Now that we’ve recapped how exactly Dash works, let’s start by looking at the DASH price predictions for 2021. Whether you’ve already added the asset to your portfolio or are considering investing in the future, discover what some of the top crypto analysts believe could happen to the price of DASH in the short-term.
According to the Italian crypto platform Previsioni Bitcoin, DASH investors are in for some very good news in 2021. Its algorithm has forecasted that the price of DASH will hit $100 before the end of 2020 and only climb from there, reaching $120.6339 by January 2021 and skyrocketing throughout the rest of the year:
If Previsioni Bitcoin’s predictions are correct, the answer to the question ‘is Dash a good investment’ is pretty conclusive — at least for the duration of 2021. This graph forecasts a staggering growth rate, with the price of DASH soaring to $656.6958 in December. We’ll see the highest level of growth in the second half of the year. In fact, Previsioni Bitcoin has predicted that Dash will increase by almost $480 in the last six months of 2021.
Considering Dash hasn’t yet hit $100, this is certainly a bold prediction. So, do other analysts agree with Previsioni Bitcoin’s claims? Will the price of DASH go up to this extent? Unfortunately, LongForecast.com doesn’t think so. The platform has given the following price predictions for 2021:
Although LongForecast.com agrees that the price of DASH will hit $100 before the end of 2020, closing the year at a value of $116.2, it doesn’t share Previsioni Bitcoin’s enthusiastic outlook for 2021. For the majority of the year, the news isn’t bad — the platform believes that DASH will largely stay above $100 until midway through September. But from this point onwards, the future doesn’t look very bright, and LongForecast.com believes that Dash could close 2021 with a price that’s lower than its current value of $79.69.
According to these predictions, most investors will either choose to weather the bearish storm and look ahead to 2022 and beyond (we’ll come to that later) or try to take advantage of short-term price fluctuations. It’s certainly not the sky-high predictions we’ve seen from Previsioni Bitcoin!
The next Dash cryptocurrency prediction we’re going to look at comes from WalletInvestor. Using its in-house algorithm to carry out technical analysis, WalletInvestor has arrived at the following forecast:
As we can see from WalletInvestor’s graph, the platform is roughly in agreement with both Previsioni Bitcoin and LongForecast.com when it comes to the price of DASH at the start of 2021. In fact, although all three platforms believe that the price will spike in January, WalletInvestor has given a higher prediction than the others. It thinks that Dash could reach $200, which is almost double the values predicted by its competitors.
However, it seems this trend is unlikely to last. WalletInvestor foresees a sharp decline throughout 2021, with the price plummeting back down to around $100 by March and then falling further over the next couple of months. A brief resurgence in May-June won’t pave the way for a more bullish end to the year, and DASH will close 2021 at roughly $40. Its one-year forecast places the value of Dash at just $39.704, a disappointing prospect for anyone wondering ‘is DASH a good investment for 2021?’
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Long-Term Dash Price Predictions: 2022-2025
What are crypto experts forecasting for Dash in 2022 and beyond?
Crypto investors are keen to know what the next 5 years could have in store for the price of Dash.
Because cryptocurrency can be so volatile, it’s never easy to make price predictions and it’s normal to see a huge amount of variation between forecasts. Dash price predictions we’ve looked at for 2021 are incredibly variable, ranging from $39.704 to a whopping $656.6958! To decide which of these outlooks is more likely, let’s look ahead to 2022-2025 and see what the future could hold for the price of DASH.
We’ll start by returning to Previsioni Bitcoin. After its sky-high Dash price predictions for 2021, what does the platform believe 2022-2025 has in store? The answer may be slightly disappointing if you’ve added DASH to your portfolio, although Previsioni Bitcoin’s predictions are still not as gloomy as some of those that we saw for 2021. According to its forecasts, the platform believes the price of DASH will decrease in 2022:
As we can see from the graph, Dash will surpass $700 at the start of January 2022, but rapidly decrease in value from that point onwards. By February, DASH will be worth $577.1668, and this number will continue to fall until April. In May, the price of DASH could increase again to $497.2268 and hover around $500 until another sharp drop to under $340 between October and November. Previsioni Bitcoin expects the asset to close the year at $417.2868 — more than five times its current price, but less than two-thirds the value of its 2021 high.
However, although Previsioni Bitcoin was noticeably optimistic for 2021, its 2022 predictions could be a little too bearish. Both Coinswitch and BTY News have given staggeringly high forecasts for 2022-2025, with the former predicting that DASH could cost $2822 by the end of 2025 and the latter going even further. According to BTY News, 2025 could see Dash hit prices of $12,733.88!
This would be almost ten times higher than DASH’s previous all-time high (ATH) of $1,441, a price the cryptocurrency achieved between 2017 and 2018. Understandably, many other platforms and analysts seem sceptical of the unprecedented values forecast by Coiswitch and BTY News. But there does seem to be a growing consensus that DASH is in for a bullish few years in the run-up to 2025.
DigitalCoinPrice.com also expects the price of DASH to increase in 2025, albeit after a series of more bearish years:
Its overall forecast is that Dash is a good investment as its price seems set to increase. This graph doesn’t show the highest cryptocurrency predictions we’ve seen by a long way, but its upwards trend (bar a bad year-and-a-half between July 2022 and January 2024) should still be an encouraging sign for investors wondering whether the price of DASH will go up.
According to its predictions, DASH could hit highs of almost $290 by September 2025, which is more than 4 times its current value. Some investors might even see the 2022-24 dip as a potential positive. The shape we can see on the graph could potentially be a Double Bottom Reversal, a bullish pattern that can be used to predict future growth when carrying out technical analysis. If this is the case, the dip we can see towards the mid-half of 2026 could be a temporary blip in a strong upwards trend — suggesting the $1,000+ predictions may well be within reach.
As a long-term investment, it projects that Dash could perform very well. According to its predictions, the value of the Dash tokens price could rise to $120 by the very end of 2020, rising to $250 in 2021, and $650 in 2022, and achieving a mean price of $3200 by 2025.
Conclusion: Dash Price Prediction Forecast
The below prediction figures outlines some of the Potential high and low of Dash price prediction forecasts in 2020, 2021, 2022, 2023, and 2025+ offered by technical analysts and industry experts.
How Has The Price Of Dash Changed Over Time?
In order to make the most accurate Dash predictions, one of the most important steps is to analyse Dash’s past performance.
Ever since DASH entered the market in 2014, its price has undergone a number of dramatic fluctuations. On this chart from Nomics, we can see how the value of DASH has changed over time:
Although it seems modest in comparison to its skyrocketing progress in 2017-2018, Dash’s first big price jump came in 2014, shortly after it hit cryptocurrency exchanges. Between April and May, its price rose from $0.847417 to $5.9679 — a considerable jump which reflected a huge amount of early investor interest. Its growth was much slower for the rest of 2014, 2015, and 2016, with its price generally hovering between $2 and $10.
Unlike many other cryptos, DASH saw extreme growth for almost the entirety of 2017. In January, its price was $13.82. By September, it had climbed up to an incredible $330.49, but even that was to pale in comparison to the growth spurt that awaited it. As the cryptocurrency market as a whole started to experience levels of enormous inflation, Dash certainly wasn’t going to be left behind. Between October and December 2017, its price leapt up from $293.50 to its ATH of $1,141 — before dropping back down to $77.26 one year later in December 2018.
Dash has never returned to its pre-2017 rates, which were mainly below $10. Although it did experience a loss in value in the wake of the global coronavirus crash, which saw the prices of almost every major cryptocurrency start to fall as investor uncertainty grew, it still made gains on its 2019 price. Its lowest value of 2020 so far has been $68.84, which is more than $20 higher than its 2019 low of $46.69.
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What Factors Affect The Price Of Dash?
Like every Cryptocurrency, the price of DASH can depend on a variety of different factors. If you’re hoping to answer the question ‘is Dash a good investment?’, it’s important to know what these factors are — whether you prefer to hold your cryptocurrency for a number of years or prefer to profit from short-term price movements. This will make it much easier for you to make cryptocurrency predictions and decide which Dash price predictions you think are most accurate.
Supply and Demand
The price of Dash or any cryptocurrency is completely dependent on the relationship between supply and demand. If more investors want to buy DASH than sell it, this means that the demand will be greater than the supply and the price will increase. If the opposite is true, then the supply will be greater than the demand — meaning the price will start to fall. This relationship itself is heavily influenced by the factors that we’ve listed below.
Use of the Dash Platform
As we mentioned at the start of this article, the Dash platform funds and powers a range of decentralized apps. The popularity of these apps, such as KuvaCash in Zimbabwe, is a key factor in driving up the demand for DASH and consequently causing its price to increase. As interest in dApps continues to grow, this could cause interest in the underlying Dash technology to grow over the next couple of years.
Increased Acceptance of Cryptocurrency
Dash is special amongst cryptocurrencies in that it facilitates everyday payments. The fact that it’s emerged as a viable asset in countries where the native currency has started to collapse is a strong testament to its usability — as is the fact that DASH ATMs have appeared in London. As cryptocurrencies become more mainstream and our reliance on contactless payments increases as a result of the coronavirus pandemic, we could well see the demand for solutions such as Dash rise around the world.
Dash Price Prediction Forecast — Key Points
- With a market capitalization of $782,438,183 (at the time of writing), Dash is the world’s 28th biggest cryptocurrency
- Dash can process transactions very quickly, even offering an InstaSend feature that enables users to send currency in as little as 1.5 seconds
- Dash has been adopted as an alternative currency in both Zimbabwe and Venezuela, where the native currencies are unstable
- Previsioni Bitcoin’s algorithm has forecasted that the price of DASH will hit $100 before the end of 2020 and only climb from there, reaching $120.6339 by January 2021 and skyrocketing throughout the rest of the year
- LongForecast.com believes that Dash could close 2021 with a price that’s lower than its current value of $79.6
- WalletInvestor foresees a sharp decline throughout 2021, with the price plummeting back down to around $100 by March and then falling further over the next couple of months
- Long-term forecasts are much brighter, with no predictions claiming that DASH will dip below its current price
- The most optimistic outlook comes from BTY News, which believes Dash could hit prices of $12,733.88 in 2025
- Dash’s ATH was $1,141 in December 2017
- The key factors that affect the price of DASH are supply and demand, the popularity of the Dash platform, and the mainstream acceptance of cryptocurrency
Whether you’re an existing or prospective investor, we hope this article has helped you answer the question ‘is DASH a good investment?’. Although Dash price predictions for 2021-2025 are mixed, the long-term outlook for Dash seems positive, with no analysts believing that the currency will be worth less in 2025 than it is now.
That said, it can be notoriously difficult to make reliable cryptocurrency predictions as the industry is incredibly volatile. Always conduct your own due diligence and ensure you have an effective risk management strategy in place before adding a new cryptocurrency to your portfolio. As we’ve seen before, the market can move quickly — and we’re sure to see it happen again.
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Dash Price Predictions — FAQs
Is Dash better than Bitcoin?
When it comes to transaction speed and fees, Dash is certainly better than Bitcoin. Its platform’s average transaction time is just 2.5 seconds, 4 times faster than that of Bitcoin.
Will Dash reach $1,000?
According to some predictions, we could see the price of DASH reach $1,000 before the end of 2025. BYT News even believes a single DASH coin could be worth $12,733.88 by 2025!
How many Dash coins are there?
There is a total supply of 18 million DASH coins. At current rates, the cryptocurrency is expected to reach its total supply around the year 2030.
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Disclaimer: Dash of any crypto are highly volatile. Your capital is at risk and Past performance is not an indication of future results. Forecast and analysis reflect the views of different external and internal analysts at any given time and are subject to change at any time. Moreover, they can not constitute a commitment or guarantee on the part of Trading Education.