This year has been a tough sail for Dash since May 2022, when the Terra/Luna implosion caused a cascade of bankruptcies, layoffs, and liquidations. Subsequently, the chain of unfortunate market and geopolitical events like the Russian invasion of Ukraine, U.S. inflation, and 3AC and Celsius insolvency, has also contributed to the downward pressure on the price of DASH.
With the recent massive downfall of the crypto market caused by FTX contagion, is it possible for Dash to reclaim its all-time high in 2023? Continue with the article to learn about Dash price analysis and prediction by Coinpaper.
What is Dash?
Originally called "Xcoin" and later "Darkcoin", Dash was launched in 2014 as a fork of Litecoin, with a focus on privacy and fast execution. One of the unique features of Dash is its two-tier network architecture, which consists of both miners and masternodes. Masternodes are incentivized to provide additional services to the network, such as instant transactions, private transactions, and decentralized governance through the use of a voting system. Another unique feature of Dash is its PrivateSend technology, which allows users to send private transactions that are not traceable on the blockchain. PrivateSend works by mixing a user's transactions with those of other users to obfuscate the transaction trail and make it more difficult to trace.
Dash (DASH) price
Currently, Dash Price is USD. DASH has a circulating supply of coins and a total supply of . If you are looking to buy or sell Dash, Binance is currently the most active exchange.
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Dash price prediction 2023
The current market sentiment is full of fear, uncertainty, and doubt (commonly known by the acronym FUD), as fears of FTX contagion mount. At the moment, it’s difficult to assess exactly how much damage has FTX collapse has done to the crypto industry, since some affected crypto companies may be already secretly insolvent due to highly leveraged positions, as we have seen in the aftermath of Terra's implosion.
According to our estimates, it will take months for the full scale of FTX bankruptcy to become clear, so the turning point for the crypto market won’t come before late Q1 to early Q2 2023, although for now, it seems that the industry has absorbed most of the damage.
Another market factor that should be taken into consideration is how successful will be the U.S. Federal Reserve’s efforts to curb inflation. For now, there is reason to believe that Fed is making some progress in its attempts to cool the overheating economy — on November 30, Federal Reserve Chair Jerome Powell announced it’s time to slow the pace of coming rate hikes, which immediately triggered a positive reaction from both crypto and equity markets.
Given the above information, one can easily guess that there will be a considerable divergence between bullish and bearish Dash 2023 price predictions due to multiple unknown factors. For this reason, we estimate that the bullish scenario will see Dash price at $82 to $106. On the flip side, a fading interest in the new meme coin may push the price of Dash to $41-$35 lows.
Dash price prediction 2024
In 2024, the global macroeconomic backdrop is likely to be more favorable to the crypto market, adding value to Dash (DASH) and other cryptos. However, the possibility of black swan events similar to the collapse of FTX cannot be completely ignored.
Keeping this in mind, we foresee the price of Dash to climb as high as $154, with the more distant prospect of reaching $203 in 2024. The bearish scenario is likely to see Dash (DASH) trading between $111 and $93 in 2024.
Dash price prediction 2025
Since it’s practically impossible to foresee what market factors will influence cryptocurrency prices in 2025, this part of our Dash (DASH) price analysis and prediction is based on pure speculation and observation of Dash historical price movements.
Our Dash 2025 price forecast expects DASH to rally towards $267 and reach $312 by the end of the year. The bearish scenario would see Dash at $231 to $204.
Dash (DASH) price prediction 2026
Looking ahead four years, to 2026, Coinpaper's price prediction for Dash is neutral. In 2026, we expect Dash to reach at least $389 before climbing higher to $425. In case of a bearish scenario, Dash may fall to $316.
Is Dash (DASH) a good investment?
Overall, Dash's emphasis on privacy and its masternode functionality make it a unique cryptocurrency with a distinct value proposition compared to other cryptocurrencies in the market. However, given the recent move by the SEC to name Dash a security in a lawsuit against crypto exchange Bittrex, and may be not the best moment to invest in Dash. Make sure you always conduct your own due diligence before putting your money into any crypto asset.
Are you ready to invest in Dash? Very few if any analysts forecast its value going down to zero, although you can’t be sure these days, so make sure you always do your own research before making investment decisions. And keep in mind that cryptocurrency prices can be extremely volatile, so trading crypto always involves a high degree of risk.
You can buy DASH from many crypto exchanges, including Binance
Disclaimer: Coinpaper does not recommend that any cryptocurrency should be bought, sold, or held by you. Always conduct your own research and consult your financial advisor before investing in any digital asset.
Who created Dash?
Dash cryptocurrency was originally created by software developers Evan Duffield and Kyle Hagan. Today, Dash is managed by a decentralized autonomous organization (DAO) called the Dash Core Group, which is responsible for the development and promotion of the protocol.
What was the all-time high for Dash (DASH) ?
The all-time high price of Dash is $ on 2017-12-20