Dash remains one of the most popular cryptocurrencies in the whole decentralized finance space since its launch in 2014 as a fork of major altcoin, Litecoin (LTC), which is also a fork of Bitcoin (BTC).
Considering there are more than one thousand coins which provide a similar function of making it easy for internet users to send and receive money without any intermediaries, DASH has been able to weather the storm and has great usage in terms of real world cases.
This has seen the digital asset become an investor favourite in terms of crypto trading throughout the years.
With other altcoins such as Tron (TRX) and Cardano (ADA) not only providing a cryptocurrency which scales faster but also develop decentralized applications (DAPPS) and protocols in the yield aggregation, decentralization exchange (DEX) and lending categories of DeFi, can DASH remain competitive in such a saturated market?
With other altcoins such as Ripple (XRP) providing additional services such as its On-Demand Liquidity service for financial institutions, Dogecoin (DOGE) being adopted by CovCare and NBA franchise Dallas Mavericks coupled with the Miami Dolphins announcing Litecoin (LTC) as their official cryptocurrency, will DASH survive the next ten (10) years?
Will Dash be able to beat off competition from other crypto coins and tokens being created on Ethereum’s 2.0 and Polkadot's Network and bring gains to investors in the near term?
DASH has taken absolute advantage of the crypto boom of 2021 and has soared 127.63% Year-To-Date (YTD).
On January 27, 2021, CrayPay received funds from the Dash Investment Foundation.
The leading loyalty platform operating in the United States aimed at streamlining instant rewards for users in online and store chains reached this agreement with the foundation which represents the cryptocurrency (DASH) and will integrate DASH as a means of payment on 75 retail websites as well as 155,000 merchants in the United States.
There was coordination by the Dash Core Group, Dash Investment Foundation and CrayPay to create a specific white-label version of the application developed by CrayPay for DASH users.
The low transaction fee provided by the crypto asset which currently stands at $0.007314 was a strong factor which made CrayPay accept DASH as its payment method.
Such fees will allow the application to offer users broader shopping opportunities at a wider range of merchants.
In addition, users will be able to save money at a higher rate through the app rather than the original app offered by CrayPay.
Most of the brands which DASH will be exposed to as a payment method includes but not limited to Best Buy, Lowe’s, Staples, Domino’s Pizza, Adidas, GameStop, Express, Barnes & Noble, Groupon, Bed Bath and Beyond.
Evidently, Chief Executive Officer of Dash Core Group Ryan Taylor confirmed “The application will give users higher savings opportunities in comparison with bank card cash-back programs”.
Marshall Greenwald who serves as the Chief Executive Officer of CrayPay responded that “Dash is really the best option for instant low-cost payments on our platform”.
According to Coinmap.org, such a partnership will soon see DASH become the leading cryptocurrency payment method in the United States which will gradually surpass the 18,739 retailers accepting Bitcoin.
Coin Switch has forecasted DASH as a good investment, especially for the long-term.
The cryptocurrency exchange aggregator platform sees more syndications with various payment programs in the near future for DASH and this would increase the value of the tokens and in the process help investors make gains.
Coin Switch forecasts DASH to reach $2,822 by the end of 2025.
Digital Coin Price supports Coin Switch’s long-term prediction of the cryptocurrency being a good investment.
The online portal for accurate crypto market analysis and data believes DASH will trade for a coin at $395.86 in 2022 which would increase to $452.24 in 2023 and $660.26 in 2025.
Analyst Qadir AK of CoinPedia has also opined the long-term bullish potential of the crypto coin as the company looks forward to tying up more merchants and payment processors.
The analyst forecasts DASH to have a trading price of $402 by the end of 2022 and end 2025 with a price of $435.
In terms of scalability, DASH as a fork of Litecoin (LTC) relies on the X11 algorithm (a modification of the proof-of-stake algorithm) scales faster than its elder crypto siblings LTC and BTC. This gives DASH a competitive advantage over BTC and other altcoins as a transactional currency.
As at the time of writing, DASH was trading at a price of $227.31 having shed 1.52% of its value in the last 24 hours.
Dash has a market capitalization of $2.28 billion and a trade volume of $1.06 billion which signals investor interest and activity on the asset.
With DASH trading on some of the most popular cryptocurrency exchanges in the world coupled with more integrations and partnerships in the near future, the digital asset has a huge potential in the market.
With a finite supply of coins capped at 10.03 million which would be mined sooner rather than later to trigger the laws of demand and supply on the price of the cryptocurrency, DASH is a crypto asset any investor can consider having on their portfolio of investments.
DASH: What Is It?
Dash is a cryptocurrency and open-source blockchain which allows its users to send and receive money over the internet in a decentralized manner. Overall, it offers a relatively cheaper global payment network.
Dash is a portmanteau of digital cash and is a fork of Litecoin (LTC) while LTC is a fork of Bitcoin (BTC). Dash has been known by several names in the past such as XCoin and Darkcoin.
It comprises a two – tier network which are incentivized nodes and decentralized project governance.
Incentivized Nodes include MasterNodes (a subset of the users of Dash who verify and validate transactions). For anyone to become a part of the group of “masternodes” there is a prerequisite of holding 1000 DASH which is $228,000 in fiat currency.
Decentralized Project Governance serves three different functions which are InstantSend, ChainLocks and PrivateSend.
InstantSend allows payments to be settled instantly, PrivateSend provides an option of privacy for transactions, if users choose to do so and ChainLocks secures the blockchain in a way where it cannot be modified.
Its ticker symbol is DASH.
Who Created Dash?
Evan Duffield is widely credited as the founder of Dash but he had a supporting cast in Kyle Hagan.
Initially released on 18th January, 2014, it was XCoin and in February 2014 changed the name to Darkcoin to make it more of a private token.
In March 2015, it went through another rebranding phase and finally settled on digital cash (DASH) to improve its image after several illegal activities were financed through the coin.
Evan Duffield first conceived the idea of a cryptocurrency in 2012 after Bitcoin gradually gained acceptance as a transactional currency as well as a store of value and Litecoin creation as a fork of the parent crypto.
His idea was to create a currency which was more private to BTC. On a hunch, he used his leisure time during one weekend to code the cryptocurrency which was more of a hobby rather than a serious financial technology (FinTech) innovation.
Dash Core Group was created to continuously develop the innovation and see to its integration and adoption. Duffield served as Chief Executive Officer for some time until he stepped down in 2017 as a result of having other strategic initiatives in mind.
Before the conception of DASH, Duffield worked in the finance sector as a software developer at Hawk Financial Group.
Additionally, he also worked in public relations helping organizations develop search engines and machine learning algorithms.
After helping co-author the original whitepaper for Darkcoin, Kyle Hagan left the project in early 2014 and has never been heard of since.
When Did Dash Coin Start Trading?
As per data retrieved from CoinTelegraph, Dash started trading at a price of $0.03 on 3rd February, 2014.
Where Was Dash Created?
Dash was conceived and created in the United States.
What Is The Purpose of Dash?
The main purpose of Dash is to find answers to the scalability problems and high fees Bitcoin (BTC) dealt with as well as the publicity of the blockchain’s ledger which has been made available to anyone on the internet.
Dash was designed to provide privacy as well as maximum transaction protection and serve its transactional purpose of enabling users to send and receive funds over the internet without any intermediaries such as banks, insurance companies or clearing houses.
How Many Dash Coins Are In Supply?
As at the time of writing, there are 10,031,849 DASH in circulation on a maximum supply of 18,900,000 DASH.
Dash: Will It Be a Good Investment in 2021?
In order to understand whether Dash or other assets like stocks or commodities will be a good investment for a particular year, you must do a thorough assessment of the asset’s performance in the previous year.
As per data retrieved from Coin Market Cap, Dash started the 1st day of January 2019 with a trading price of $79.16 and closed the year on December 31 with a trading price of $41.20, shedding a whopping 47.9% of its opening price for the year.
The cryptocurrency which markets itself as move DASH in a second for less than a cent started the 1st day of 2020 with a trading price of $41.19 and closed the year on December 31 with a trading price of $99.61, gaining 141.83% of its opening price for the year and erasing losses suffered by investors in 2019.
The altcoin started the 1st day of 2021 with a trading price of $99.60 and is currently trading at $227 in March 2021 , while its accomplishments in the 1-year time frame amount to 127.63%.
The market capitalization of DASH for the whole year of 2020 remained below $1.5 billion which has since seen a substantial increase since the current market capitalization stands at an impressive $2.27 billion.
This signals huge investor interest which has led to an increment in price in addition to the current circulation supply (indicates more DASH has been mined).
Such performance is what has made Digital Coin Price believe DASH is going to be a good investment in 2021.
The accurate crypto market analysis and data portal has opined that DASH will end the year with a trading price of $360.58.
Qadir AK of CoinPedia shares the same bullish sentiments for dash, the famous crypto asset.
The analyst has forecasted more established partnerships with payments systems as well as small and large businesses for DASH which will help the cryptocurrency cross the $2,000 price milestone by the end of 2021.
The Economy Forecast Agency sees DASH increasing substantially in price to $298 at the end of the 2nd quarter (June) and soar to a price of $340 to close 2021.
According to Prime XBT, “The fact that Dash can act like Bitcoin was intended to â”€as a digital cash system â”€ which is both cheap and fast means that it has a high chance of disrupting the payments space in the next 5 to 10 years”.
The online portal which offers a robust trading system for both beginners and professional traders feels the lowest point in trading DASH for 2021 will be at a price of $120 but can climb to a potential high of $750 to close the year.
Trading Beasts has added its voice to the potential of Dash, expected the price of Dash to be traded at $255.226 by the end of 2021.
Check Out: How to Invest in Dash
What Are the Primary Drivers of DASH’s Price?
DASH like all surviving cryptocurrencies thrive extensively on its community (Development Team and Fans), demand for parent crypto and gold of cryptocurrencies (BTC), market sentiment for cryptocurrencies and decentralized finance and its unique features in terms of scalability to drive its price.
One of the driving forces of DASH is increased utility through adoption.
In a report by Statista (an online portal which specializes in market and consumer data), titled Number of daily transactions in Bitcoin, Ethereum and nine other cryptocurrencies from January 2017 to February 21, 2021, Dash was named among eleven cryptocurrencies which experiences high volumes of daily transactions along with Bitcoin (BTC), Ethereum (ETH), Chainlink (LINK), Stellar Lumens (XLM), Dogecoin (DOGE), Bitcoin Cash (BCH), Litecoin (LTC), Monero (XMR), Ethereum Classic (ETC) and Ripple (XRP).
Dash was also categorized under the most used digital currencies for making small trades primarily retail purposes. Being included in such a report indicates real-world usage of the crypto as money.
Evidently, news content from Dash News (dashnews.org) has provided statistics which puts the digital asset at 442,464 monthly transactions with a daily rate of 14,748.8.
Considering transactional data of cryptocurrencies are normally speculative, being named by Statista (one of the credible news outlets when it comes to tracking consumer and market data) means Dash’s activity as digital cash (a payment method) has been extremely consistent to what we as traders, investors and crypto enthusiasts expect from such high merchant activity as a result of its partnerships.
Such statistics which were made possible through different merchants has made Prime XBT predict a long-term potential for DASH.
The online portal for financial news has forecasted DASH to have $1,000 as its lowest trading price and $4,000 as its highest trading price by the end of 2022.
Team and Community
Another factor that drives the digital asset is its TEAM and COMMUNITY.
Dash has its core team and several communities which play a great role in how far the digital coin has come.
The most important ones are Dash Core Group (DCG), Dash Roots and Dash Investment Foundation as well as the social media community which discuss issues on Twitter and Reddit.
Dash Core Group is the main team behind the development of DASH. It updates fans and skeptics of the cryptocurrency about new updates in terms of partnerships and developments through long-form articles and short blog posts.
One of such articles was centered on the release of Dash Platform v0.17 for testnet on 31st December 2020. Testnet is known as the formal testing environment of the Dash network which is a vital process which needs to be achieved in order for the technology to reach the mainnet.
V0.17 is the biggest deployment to the platform so far and would put DASH on the path to realize its long-term vision of being adopted by multiple individuals and business organizations in the mainstream.
After the successful completion of the testnet, Dash will then go on to release a new version of DASHPAY WALLET for iOS and Android for DashPay Alpha Program users.
Such a step according to the Dash Core Group is important “In demonstrating the power of the Dash Platform to facilitate industry-leading user experiences for cryptocurrency applications â”€ ones which are visually indistinguishable from centralized offerings”.
Providing such resourceful information on its website makes it easy for the social media community and skeptics of the digital cash to follow the asset and increase its potential use case in the process.
Another community on the horizon is Dash Roots. Dash Roots announced its launch in 2018 with a primary aim of helping individuals and teams to have greater accessibility to funding by the Dash Community.
Playing the unique role of crowdfunding for the community, the platform assists unknown and up-and-coming developers from the grassroots and brings their skills and talents to Dash Core Group so that they can play an invaluable role in the technological advancements of the whole Dash ecosystem.
Dash has a treasury which plays a great part of the network. Unfortunately, it does not make provision for the funding of small ideas. This is where Dash Roots brings its mission and vision and helps people raise smaller amounts of money and in the process make small ideas and projects turn into big projects.
Dash Roots believes that such an innovative idea brings more developers to Dash since competing altcoins Ethereum (ETH), Ripple (XRP), Cardano (ADA) and Tron (TRX) have the best technological minds to provide solutions to the old ways of going about payments and financial technology (FinTech) as a whole.
According to Dmitri Chen of cio.com, “A business most-prized asset is its developers”.
As more people troop into the world of decentralized finance (DeFi) to make enormous gains although the market looks saturated, having great tech-minds to compete with rival altcoins is integral in the adoption and survival of a cryptocurrency.
As more developers come to Dash, it will be able to scale faster and improve on its technology to meet the demands of its users, result in more partnerships and integrations and then reflect positively on the price of the digital coin.
Dash Investment Foundation researches for lucrative investment opportunities in terms of adoption of the cryptocurrency.
One of its primed investments is in CrayPay which has seen the adoption of Dash on more than 75 retail websites and over 155,000 merchants across the United States.
This has increased the popularity of the digital currency as well as putting it on the path to become the most adopted and used cryptocurrency in the United States.
Digital Coin Price believes innovation is the way forward to get more adoptions and sees Dash as a growth asset which means it has long term potential.
The accurate crypto market analysis and data portal foresees DASH trading at $998.75 by the end of 2028.
Positive and negative market sentiment drives the price of cryptocurrencies to new highs and new lows.
After the financial market crashed in March 2020 during the peak of the pandemic, several crypto assets plummeted.
Bitcoin opened at $8,920 on the 1st day of March 2020 and suffered huge sell-offs which saw the digital gold end the month with a price of $6,664.
Dash followed the same pattern of opening on the 1st day of March at $90.45 and ended the month with a trading price of $66.22
2021 seems to be the year for cryptocurrencies adoption and usage as a transactional currency as well as a store of value.
Bitcoin (BTC) started the 1st day of January 2021, with a trading price of $32,204 and what was about to happen to its price could not be predicted by any trader, investor or so-called financial market experts and gurus.
Bitcoin (BTC) crossed several price milestones, $40,000, and $50,000 and has now recorded a new all-time high of $61,683.86 on 13th March 2021. The gold of cryptocurrencies has recorded returns of 101.44% Year-To-Date (YTD).
Dash opened at $99.60 on the 1st day of January 2021 and has since soared and crossed prices it has surpassed previously such as $100, $150, $200 and $250, $300 in 2021. The digital cash has recorded returns of 130.04% Year-To-Date (YTD).
Parent crypto (BTCs) brought huge gains to holders of the cryptocurrency and sparked a global interest in cryptocurrencies as to what altcoin would be the next golden goose for the years to come.
If DASH carries on with its performance, it means by March 2022, it would be trading more than its current price.
Such bullishness is what has made Wallet Investor forecast a trading price of $302.494 as the trading price of Dash in the early months of 2022.
One of the prime drivers of the price of DASH is its unique feature of scalability.
As a trader or investor, you should note that research and development (R&D) are vital elements which keeps business organizations in operation and makes them resilient during difficult times.
Dash Core Group through the Dash Investment Foundation has invested in a blockchain research lab at Arizona State University (ASU).
Through this partnership, Dash is putting its blockchain in a position where it would be advanced in terms of security, efficiency, usage and more importantly, increment in its transaction speed.
DASH, although a fork of Litecoin which is also a fork of Bitcoin, decided to address the scalability issue associated with blockchain technology which has made the adoption of decentralized technology difficult for use by mainstream organizations.
Because of this, the crypto asset employs a modification of the proof-of-stake (PoS) algorithm called X11. Under this algorithm, DASH handles transactions through a different system. Run by a subset of its users called “masternodes”, these users bring simplification to how transactions are verified and validated.
In order to be a part of the group of masternodes, you must have a 1000 DASH (the starting stake) and the prime requisite needed by a user which gives them a special chance to verify and validate transactions.
The node which is required for the approval of a transaction has been reduced to a manageable number. This has made it relatively easier for masternodes to approve transactions from the miner network and provide services such as privacy and payment to the network of DASH.
There are 4,685 masternodes on the Dash Network as of 2nd March 2021.
Evidently, the average transaction time for DASH is 2 minutes and 39 seconds. DASH processes up to 30 to 56 transactions per second.
Bitcoin (BTC) has an average transaction time of 10 minutes and processes up to 4.6 transactions per second while Litecoin (LTC) has an average transaction time of 2 minutes 50 seconds and processes 56 transactions per second. This sees DASH have a slight advantage in terms of average transaction time.
Scalability of DASH is what has seen the cryptocurrency accepted across more than 155,000 outlets in the United States and gaining exposure through brands such as Adidas, GameStop, Barnes and Noble and Domino’s Pizza among a host of Fortune 500 companies.
Will DASH Continue to Soar?
Previsioni Bitcoin has forecasted DASH to continue soaring in the coming months and end 2021 on a high. The online forecast news site has opined that the cryptocurrency will trade at $323.56 by the end of the 2nd quarter. Dash will then maintain its bullish momentum and see out 2021 with a trading price of $588.68.
Image: Previsioni Bitcoin
The continued soaring of DASH also depends on the partners it has made over the years especially cryptocurrency exchanges and decentralized finance (DeFi) enabled networks.
In October 2020, Dash Core Group (DCG), the team behind the development of the cryptocurrency and DASH NEXT (community) announced a partnership with StakeHound enabling Ethereum (ETH) Decentralized Finance (DeFi) users to earn rewards with StakedDASH.
StakeHound believes that by having DASH connect with DeFi protocols, it will be able to connect two ecosystems and open a gateway for liquidity flow.
The main purpose of the partnership is to allow holders of DASH to generate additional yield through major decentralized applications (DAPPS) and at the same continue to receive stable staking rewards.
Co-founder of DASH NEXT, Felix Mago has made it known that he is extremely excited about this partnership as it provides users of DASH the benefits of DeFi applications such as borrowing and lending. This partnership will also make it possible for Ethereum users to easily access DASH’s established global payment ecosystem.
Chief Executive Officer of DASH Core Group, Ryan Taylor added that “This functionality provides the ability for one to explore the world of DeFi or from the other side, the world of DASH while continuing to reap returns through stakedDASH”.
As per data retrieved from DeFi Pulse, a staggering $44.57 billion has been locked in Decentralized Finance (DeFi).
Lending token which runs on Ethereum and makes it easy to unlock a universe of open financial applications is second only to Decentralized Autonomous Organization with a total of $6.76 billion locked into the protocol.
With Compound trading at a price of $438.73, with a recorded trade volume of $134,452,699 in the last 24 hours and a market capitalization of $2,054,116,091, users of stakedDASH are going to reap enormous returns.
Considering COMP is running on a circulating supply of 4,681821 COMP which represents 47% of the maximum cap of 10,000,000, staked DASH will soon see all tokens mined through its increased usage.
This will positively reflect in the future price of DASH in the long term.
Another move which will see the price of DASH soar to new highs in the future is attributed to its partnership with Secure Digital Markets.
On 2nd October 2020, Dash announced that it has secured a strategic partnership with SDM to boost Dash liquidity provision.
Secure Digital Markets is a marketing making, treasury management firm and a global digital asset trading firm.
SDM thrives on a business model which sees it work in tandem with clients to develop liquidation or asset acquisition strategies which are tailored to the needs of the clients.
This goes a long way to allow the clients to optimize their ongoing capital deployments or fiat requirements.
The primary benefit for DASH is to consolidate the strength of its business with re-spendable and secure transactions which come at fees which are near to zero.
As a result of this partnership, users of DASH can access digital cash via a little over 300 exchanges and brokerages and more than 1,600 ATMs worldwide.
More liquidity leads to more users and this leads to an increase in investor interest and this also ends up in an increment in the price of the digital cash.
The last partnership through which DASH will continue to soar in the years to come is being listed on Coinbene.
Coinbene is one of the most popular cryptocurrency exchanges in Brazil and Southern America as a whole. Considering DASH is popular along with Bitcoin (BTC) in Venezuela where the two cryptocurrencies are mostly used for transactions, the crypto asset will only get better in the future.
As at the time of writing this feature report, CoinBene had a trade volume of $2,713,663,754 in the last 24 hours as per data retrieved from CoinGecko.
Coin Price Forecast has opined that digital cash will finally see results of its partnerships and integrations in 2021 and the years which follow.
Coin Price Forecast forecasts $431 to be the price of DASH in the middle of 2021 which will rally to $535 at the end of the year.
Don't Miss: Dash Price Prediction Forecast
So, Is Dash a Good Investment?
Robert Githinji of Cryptopolitan has shared his views about the future of DASH and he strongly sees the cryptocurrency making a run for the $300 mark which could hit $600 in the long term.
The analyst who writes for the online portal which delivers quality blockchain and cryptocurrency news sees the worst case scenario of Dash reaching $280 by the end of 2021.
Price Prediction Info sees DASH as a profitable investment if an investor holds the asset for at least one year.
Experts at the financial news outlet see $388.170 by the end of 2021 and beyond.
Relying on its features InstantSend and PrivateSend, DASH will be able to compete with payment processing company VISA by utilizing its element of masternode consensus and transaction locking on its blockchain.
Dash’s InstantSend technology offers rapid transaction times to its users in a decentralized and trustless manner while its PrivateSend feature helps users remain anonymous for transactions if they so choose.
With DASH trading on high volume exchanges such as Binance, BitBay, BitAsset, Bitforex, BuyUCoin, CoinBene, Crypto.com, HitBTX, Huobi Global, Kraken, OKex, Poloniex and Yobit, which records millions and billions of transactions daily, the digital cash will have consistent trade volumes which will spike in the near future.
Investor activity will reflect in the asset’s market capitalization confirming an increase in price.
Price Prediction for Dash in 2021 and Beyond
Qadir AK of CoinPedia shares the same bullish sentiments for the crypto asset.
The analyst has forecasted more established partnerships with payments systems as well as small and large businesses for DASH which will help the cryptocurrency cross the $2,000 price milestone by the end of 2021.
The Economy Forecast Agency sees DASH increasing substantially in price to $298 at the end of the 2nd quarter and soar to a price of $340 to close 2021.
Wallet Investor predicts DASH to have an average price of $283.589 and a maximum price of $819.687 by the end of 2023.
The online portal which provides good quality and free-of-charge technical forecasts for cryptocurrency also forecasts an average price of $259.872 and a maximum price of $1,128 for DASH by the end of 2024.
Additionally, Wallet Investor sees DASH reaching an average price of $240.114 and maximum price of $1,419.810 in 2025.
Digital Coin Price sees a long term potential in DASH where it would be trading at $551.69 (2024), $770.94 (2026), and $719.48 (2027).
The Long Price Forecast does not see DASH performing well into the future; it sees DASH plummeting to $55 by the end of 2023, a further low of $40 by the end of 2024 and increasing slightly to close out 2025 at $57.
Gov.Capital sees a bright future ahead for DASH, with prices of $352.452 to close 2022, which is poised to increase to $605.819 by the end of 2023. Another substantial increase to $921.790 will follow as at the year’s end in 2024 and reach at least $1,223.580 by the end of 2025.
CoinPedia forecasts Dash to hit $402 by the end of 2022 and $450 in the next 5 years for the cryptocurrency.
Smartereum remains quite positive on the future of DASH which is forecasted to reach $5,000 in the next five years.
Bein Crypto is a cryptocurrency prediction website which has predicted that in a time frame of 5 years, DASH may soar up to $700.
Coin Switch sees certainty in the future price of DASH which will be one of the best performing coins. By the end of 2025, DASH may reach $2822.
How do I Invest In Dash?
Dash has been listed on several exchanges and brokerages. After going through this in-depth article which has enlightened you about the possibilities of the cryptocurrency and the possibilities of its blockchain, if you would like to make your first or additional purchases of DASH, as an e-learning organization, we would like to make a recommendation.
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STEP THREE is UPLOAD FUNDS (fiat currency in the form of USD, EUR or GBP)
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Is Dash a Buy?
Dash is a buy because it has made successful partnerships and integrations coupled with several real-world use cases which ensures its continuous existence and performance over the long term.
The breaking news in 2021 for DASH is its partnership with CrayPay which has brought a lot of mileage for the currency in terms of exposure since it can be used across 155,000 merchants and 75 retail websites across the United States.
As one of the major altcoins which is a fork of Litecoin, an increase in the usage of DASH will reflect in trade volumes which have been consistent in staying over $750 million daily.
Financial analyst and commentator Charles Schwab believes trade volume serves as a great measure of investor sentiment. “Trade volume can help confirm price trends that have already formed or serve as a warning for a potential trend reversal”.
Such trade volume confirms positive price trends which will bring gains to investors, so DASH is a buy although cryptocurrencies can be volatile.
Should I Invest in Dash?
Experts on Coin Price Forecasts, European Forecasting Agency, Wallet Investor, Coin Switch, Digital Coin Price and Previsioni Bitcoin have shared long term bullish sentiments for DASH.
Price Prediction Info believes you should consider investing in DASH because it is poised to trade on the upper side of $388 at the start of 2022.
As an investor, you should know that the current area of interest in the decentralized web is decentralized finance (DeFi).
According to DeFi Pulse, over $40 billion has been locked in DeFi. DASH has partnered with StakeHound which has resulted in stakedDASH which allows users and holders of the token to make enormous rewards through their provision of liquidity.
To put it in simple terms, DASH is now a part of decentralized finance without using its blockchain to create smart contracts.
This is great news to current users of DASH and skeptics of cryptocurrency who feel all major altcoins need to be part of the DeFi revolution or their future potential in the saturated market will be uncertain.
DASH is part of decentralized lending which will bring enormous rewards to holders and an extensive increase in the overall value of the asset.
Does Dash Have a Future?
Yes, DASH does have a future.
There are several cryptocurrencies which were labeled as the next big thing in the whole blockchain space, only for them to go bust and never to be heard off again.
For seven years, since 2014, Dash has provided users with ease in transferring money from one person to the other no matter where you are on the face of the earth via an internet connection.
It has groups which have heads such as Chief Executive Officers and Founders who are present in the decentralized finance space.
Dash Core Group (DCG), Dash Investment Foundation, Dash Next and Dash Roots have some form of physical representations aside the digital addresses.
They all play a role in driving the integration of end-to-end crypto payment solutions to help make businesses run in an effective and efficient manner.
Trading Beast sees a great potential in the future of the asset where Dash would reach $432.944 by the end of 2024.
What Are The Pros of DASH?
There are several advantages which come with the use of Dash.
✅ Dash is extremely accessible so long as the person has an internet connection which will enable them to do a monetary transaction at low to zero fees.
✅ There is a strong resistance against inflation as per how it was programmed.
Unlike other altcoins which do not have a finite supply, DASH has a relatively lesser maximum supply cap which is keenly regulated by its network algorithm and its internal arrangement. This ensures the stability of the cryptocurrency and its blockchain which protects it from large volume interferences.
✅ Confidentiality is paramount to developers.
Users of DASH can keep their transactions private as no one can see them and are unable to see the real identity of the person who engaged in the transaction. This is unlike BTC where everyone sees the public address of the users of a transaction whether through selling or buying. The blockchain also employs a method called “Conjoin Mixing” to enable the scrambling of transactions which emboldens the privacy of the blockchain.
✅ Decentralization is the main priority of Dash and all blockchain technologies but this digital asset takes it to a whole new level. Aside from users exchanging funds without any intermediaries, there are no hidden leaders who take all the decisions for all stakeholders of the cryptocurrency. There are project participants who deliberate issues and reach a consensus as to how certain decisions should be taken.