Dash has been around for a while now, after emerging in 2014. As we near 2022 investors are finding more and more reasons to invest in Dash in 2022. Market experts are looking at whether Dash is about to have a major resurgence in the cryptocurrency market in 2022. Dash could be the next best investment for those looking to expand their cryptocurrency portfolio in 2022.
Dash is an altcoin, due to being based on the cryptocurrency giant Bitcoin. Like other altcoins, Dash was created as a fork of the Bitcoin blockchain. This means that like Bitcoin, it is a decentralized open-source cryptocurrency running a proof-of-work (PoW) protocol. The decentralized financial (Defi) market has boomed in the last decade and has created huge investment opportunities globally.
Dash has created momentum for itself in the cryptocurrency market and the wider Defi industry by choosing the right points of focus. The Defi market is all about the free movement of currency and as well as this Dash has focused on speed and security. These are the core features that users look for in a fungible cryptocurrency.
By creating a fungible coin that can be used easily as a currency, and keeping fees below 1p per transaction, Dash is a real contender for long-lasting success. The more Dash is used, the better an investment it becomes as this will push the coin price itself up.
There are a few reasons why Dash is becoming more popular now. One is the growing need for substitute currencies to move away from central banking and hyperinflated national currencies. Another is the growing global market which is being constricted by the high fees charged by central banking systems.
With this in mind, many investors are buying into Dash as it is set to be a strong investment choice for 2022 and beyond. Before investing in any cryptocurrency it is important to understand the facts to make the best possible investment.
How Does Dash Work
Dash is a blockchain-based cryptocurrency using a decentralized peer-to-peer network to create a system for transferring currency quickly and cheaply. To achieve a high-security system Dash uses a strong cryptography barrier to prevent breaches of their protocol.
Because it is open-source and decentralized Dash has no central point of control and instead anyone can access, use and contributed to the Dash platform. Dash stands for digital cash and the system aims to work in exactly that way, to become a global transaction platform.
Every transaction completed using Dash is added to the blockchain which is essentially a public list of all this information. Transactions are uniquely stamped to prevent fraud. The process of getting the transaction logged onto the blockchain using cryptography algorithms is called mining. The transactions are then fully secured and visible in only two and a half minutes.
This might seem longer than the one and a half-second transaction speeds boasted by Dash, but this is only a secondary element of publicly displaying the transaction on the blockchain. The transaction itself takes only seconds.
The Dash protocol also keeps ahead of its competitors by developing its system of master nodes which improve network accessibility. They also help create a shared system of governance for the decentralized platform and maintain the speed and anonymity of the transactions that are placed.
Read Also: Is Dash A Good Investment And Should I Invest In DASH?
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Dash Vs Bitcoin
One of the main ways that Dash is different to Bitcoin is the way it distributes the rewards that are created by the system and paid in Dash coins which are also known as DASH.
Unlike the mining focus of Bitcoin, Dash allocates only 45% of the rewards to the miners. This allows 45% to go to the master nodes to help the system functionality and 10% goes towards the decentralized governance to fund the decisions that are made by the Dash community as a whole.
By spreading the funds and rewards generated by the Dash protocol, the system is kept running smoothly which is a key part of the wide adoption of the coin by users globally.
Security is a huge issue across the cryptocurrency market that affects users and investors alike. Masternodes can lock a transaction within two seconds to prevent fraud during the remaining time it takes to publish the transaction on the blockchain. This high-level security has made Dash a popular cryptocurrency choice.
The funds directed to the master nodes also affect transaction speeds which are a key feature of Dash.
The main way that master nodes keep the lightning-fast speeds up is their InstantSend functionality. This uses a consensus created by the master nodes to secure transactions rather than having to use the PoW mining system every time. This is why Dash is able to transact more quickly than predecessors like Bitcoin.
Dash: A DAO
Dash is a DAO or decentralized autonomous organization. It is run by its master nodes, which are basically users that have a substantial amount of experience with the Dash system. To be a Dash master node users have to own 1,000 DASH or more,
Like the nodes of other cryptocurrencies, master nodes help with system governance, validate transactions and keep a copy of the blockchain saved to back up the system. There are still node users and miners, like those used by Bitcoin and other crypto coins. However, the master nodes are added to give the Dash system a competitive edge in the market.
Check Out: Pros and Cons of Investing in Dash
Trading DASH to USD
Dash has suffered some of the pitfalls of the crypto market in its lifetime. In its initial years, it was subject to intense resistance which lead to sideways trading within the $2-$10 area for over two years. However, in 2017 the DASH trading pattern changed drastically, leading to a massive surge to their all-time high to date of $1493.
This was subject to a correction and by 2019 the DASH price was down to the $80 mark. However, this did show investors that DASH has a lot of scalability potential. Now that DASH is beginning to climb in a similar way to 2017, investors are keen to see if another huge surge is on the cards for 2022.
After the sideways trading pattern which resumed for DASH in 2019 and 2020, 2021 has been a much needed turnaround for DASH. The DASH trajectory has begun cycling through steeper periods of growth once again. The high this year was achieved in mid-May when DASH hit $476.85 just before the market-wide cryptocurrency dip.
The bearish trading patterns spreading across the market led to a harsh correction for DASH. However, the flowing downward trading trajectory was short-lived and less dramatic than seen across more of the crypto market in June and July 2021.
Investors are focusing on bullish trading which is returning to the DASH pattern. The last positive set of major peaks signalled a huge boom for DASH. Things are looking good as DASH recovered from the crypto dip quickly, moving back to $285. Investors are confident that DASH is building towards a huge bull run at the beginning of 2022 which is leading many to buy the dip while prices are comparatively low.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Will DASH Rebound From The Last Correction?
The early September correction which flowed the second peak of the double peak pattern in late August led to a substantial dip in price. However, the drop from $265 to $189 was affected by the market-wide shift to more bearish trading. There was also little further decline despite the cryptocurrency industry’s ongoing struggles.
This has put DASH in a good position moving forward and the correction drop is likely to be fully recovered by 2022. The resilient trading being demonstrated by DASH is making a steady incline into 2022 increasingly likely.
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Predictions For Dash In 2022 And The Future
The more moderate predictions are placing DASH in a slow growth pattern over the next five years. Expecting a progression of soft surges to take the price up at a rate of approximately $100 per year to around $600 by 2026. This is an adequate growth model for investment, however, it is much more conservative than some experts are predicting.
Those that feel the current trading pattern is close to the trading seen before the last major surge are expecting the $600 mark to be achieved in a matter of months, in the first quarter of 2022.
There is then expected to be a volatile system of peaks and corrections. This makes it likely that DASH will hit $8,000 by 2024, but it is likely to correct down to $1,486 by the beginning of 2025. However, this also means that the surges in between the sustained trading pattern could lead to huge short term gains, with some of the peaks expected to reach $16,183 by 2025.
These predictions are also without the information that will emerge over time about DASH market adoption. The signs are looking good for this as DASH adoption is spreading with global companies GAP, TGIF and Walmart being some of those offering rewards for customers paying with DASH as of the end of 2021:
‘#DASH has real-world utility for everyday payments for goods and services at the brands you know and love!
Download the http://DashDirect.org app and save up to 12% at 155,000+ retail locations, and 125+ online stores in the #USA
#UtilityNotHype #Litecoin #Crypto’
@Dashpay, Twitter account of Dash
With this extra predicted boost from increasing market adoption of the Dash payment system, the coin price is likely to rise further. This makes the volatile, fast-growth model more likely than the slow growth estimates.
Dash is also the leading cryptocurrency protocol used in Venezuela and countrywide performance is increasingly becoming a good indicator of increased global usage trends. South America and Africa are both major indicators for cryptocurrency use and Dash is performing well in both markets. This makes coin values even more likely to rise in 2022 and onward.
Dash Trading Forecast for 2022
Comparisons are being drawn by market experts between the 2017 bull surge for DASH and the current momentum building for this coin. May investors are buying in before the predicted surge occurs, which could take Dash back to the previous highs of $1,493 or possible further to finally hit the $2,000 mark.
If the $2,000 value is achieved there will likely be a correction. However, that will provide huge percentage returns based on investments made at the current price of $162. DASH has been trading positively for two months now, coming out of the difficult trading cycles in June and July 2021.
Analysts are expecting a much better performance from DASH during 2022. They are unsure if one large surge or more sustained growth over multiple surges is more likely. However, the projections expect substantial profits if either pattern emerges. This makes profits from investments made in early 2022 very likely in the next year and a half.
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FAQs
Who is behind Dash?
In 2014 Dash was launched by founder Evan Duffield who had a desire to improve on the successful Bitcoin system. Duffield was a software developer from the US.
He started Dash because he felt that transaction speeds could be faster with his DASH coin. He also wanted greater fungibility in order to make Dash a strong contender to be the next global Defi currency globally.
What is Dash?
Dash is an altcoin created by forking the Bitcoin blockchain. It is a decentralized cryptocurrency in its own right and offers a fast and simple way of making payments.
It is part of the Defi industry’s push to replace the central banks and national fiat currencies with a more accessible, fast and cheap currency system.
How does DASH compare to the market?
DASH is currently ranked 67th in terms of market capitalization at the time of writing, with a market cap f $2.55B. This is a respectable position and the lower position in the market than expected is due to the sideways trading which occurred in 2019 and 2020.
Now that the trading cycles have shifted positively and upward trends are developing, DASH is likely to rise through the ranks as its market position improves throughout 2022 and 2023.
Should I invest in DASH in 2022?
DASH is currently predicted to break out of its recent sideways trading pattern and is expected to see one of more strong surges in 2022. This makes DASH a good candidate for investment now and in the first quarter of 2022 in particular.
As there is still time to buy the dip following the market slump in the third quarter of 2021, investors stand to make positive returns with DASH. These could range from the slow 62% increases seen across 2021 all the way through to huge surges to take the current price of $245 up past the $2,000 mark during 2022.
Is DASH still going to go up?
The speed of the rise is unclear but all the market information is supporting DASH to rise consistently throughout 2022 and into the next five years. The lowest estimates expect DASH to increase by around $100 per year, with the higher estimates expecting highs of $8,000 by 2024.
What will DASH prices rise to in 2022?
In the first quarter of 2022 Dash is likely to rise slightly from its current position of $285 at the time of writing, to hit $300 by the first quarter. The end price in 2022 is likely to sit between $284 - $897.
There is a wide margin surrounding these predictions due to the volatile trading patterns in the cryptocurrency market more generally. DASH also has a tendency toward stand-out peaks rather than slow growth formations so far. This is likely to be represented in the 2022 trading throughout the next year.