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Can the Dash Price Explode? – Invest or Trade

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Dash price
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As one of the most popular cryptocurrencies, Dash faces a great deal of speculations and discussions whether it has the potential to skyrocket in value. Since the world of cryptocurrency is so volatile, you can expect both ups and downs in the future. However, many experts anticipate an overall upwards trend for Dash. To gain a better understanding of whether the Dash price has the potential to explode, consider what experts have to say on the matter.

A Refresher of Dash’s History

To help put the price predictions of Dash into perspective, take time to look at the history and why its creator developed this project. Evan Duffield launched Dash in January 2014, and when it began, it was a fork of Litecoin. In January 2015, this changed and Dash became a Bitcoin fork. If you look for an older history of Dash, you will notice that XCoin was the original name, followed by Darkcoin, with the name Dash arriving in March 2015. The name Dash comes from “Digital Cash”.

Duffield created Dash to overcome some of the disadvantages associated with Bitcoin, including anonymity. The resulting crypto, Dash, has multiple key features that separate it from this first cryptocurrency and many of the others you will find in the market. Here are just a handful of its advantages:

  • Cheap and quick transactions;
  • Accommodatedscaling;
  • Highly decentralized;
  • Advanced development since 10% of block rewards go directly to funding projects users vote on;
  • Proven privacy and a bounty offered to those who can find bugs;
  • Advanced security, including high-tech encryption;
  • First cryptocurrency with masternodes for a two-tier network;
  • Easy set-up of a masternode, allowing users to earn income;
  • Personal wallets control funds.

Of course, there are also a handful of disadvantages associated with Dash that may limit its future potential. For instance, the term “Dash” already has many associations, thereby hurting brand recognition. Additionally, Dash still needs significantly more adoption to grow. There are also some other similar cryptocurrencies in the market, so the competition is quite tough.

Current Stats for Dash

To better understand the predictions for Dash, you need to get a feel for where it currently sits in the cryptocurrency market. CoinMarketCap ranks it at number 13, which is not as high as many of the other major cryptocurrencies, but still a very respectable rank, given the hundreds of altcoins available.

At the time of writing (August 28), the price of Dash is $184.11 or 0.02658309BTC, with increases of 26.19 and 22.53 percent, respectively. There is a maximum supply of 18,900,000 DASH with a current circulating supply of 8,282,401 DASH. The current market cap is $1,524,533,255 and the 24-hour volume is $340,212,081.

Predictions from Smartereum

With an idea of the current value of DASH in your head, it is time to start looking at some of the projections for this cryptocurrency. Smartereum predicts:

  • $1,600 by the end of 2018
  • $5,200 within five years

Based on that information, Smartereum suggests that investors not only keep their DASH but also buy more of it. They do, however, point out that you should buy it during one of the occasional dips to get the most of your money. In detailing more information about why they feel Dash has the potential to explode in price, they point out that it already works with multiple payment programs, showing that adoption of DASH is underway. Smartereum also emphasizes that assuming Dash maintains its scalability, the platform should have no problem keeping up with expansion, which will increase the token value.

Predictions from InvestingHaven

The predictions on Dash from InvestingHaven are a few months old already, but they are still worth examining to get a well-rounded overview of expectations. Their forecast is that Dash will reach $1,500 in 2018, but with some caveats. They state that the prediction only applies if:

  • Bitcoin continues its upward trend
  • DASH stays above $400

Like other experts in the industry, InvestingHaven predicts good things for Dash because:

  • It is highly scalable
  • It offers anonymity
  • It has a decentralized but structured community

The only thing to keep in mind is the conditions listed in InvestingHaven’s prediction. One of these was that Dash must remain above $400. Since Dash currently sits just below $200 at the time of writing, that no longer applies.

Predictions from The Economy Forecast Agency

Another source for cryptocurrency predictions is the Economy Forecast Agency, which maps things out in great detail. This website lists their predictions in charts displaying opens, lows, highs, closes, and percentage changes for the next several years. Some predicted highs to pay attention to include:

  • August 2018: $225
  • January 2019: $118
  • August 2020: $190
  • December 2020: $219
  • August 2021: $365
  • November 2021: $388
  • March 2022: $404
  • September 2022: $231

Based on those figures, it is clear that the Economy Forecast Agency does expect an overall increase in the price of Dash. They do, however, seem to feel that it will continue to decline before rising. The figures from this organization indicate that they do not expect Dash to start steadily rising until late 2019, at which point it will do so but slowly. These predictions are much more conservative than most others.

Combining the Predictions

The range of predictions involving Dash shows the degree of volatility and uncertainty in the world of cryptocurrencies. Most experts agree that Dash will increase in value eventually. However, the amount of time that you will need to hold onto it to see a profit varies. Some suggest you temporarily trade your DASH when the price drops, while others feel that holding onto it is the best plan.

Overall, you need to evaluate factors that can drive a Dash price explosion compared to those that can limit it, such as:

+ Limited supply

+Increasing demand

+Anonymity

+Accessibility

+Increased acceptance among merchants

+An active community

-Instability in crypto prices

-Improvements to Bitcoin

-Lack of adoption

-Competition

Conclusion

When it comes down to it, there is no way to predict with accuracy whether the Dash price will explode. Every source you consult will have a slightly different opinion, although most feel that DASH will increase in value. Just remember that even some who predict an increase in value expect that growth to be slow or include ups and downs along the way. As such, it is crucial to do your research before deciding whether to invest or trade.

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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

Image courtesy of Pexels

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Aluna.Social is a Compelling Social Platform for Crypto Traders and Investors

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Aluna.Social
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When one thinks about the social media landscape, the companies that first come to mind are most likely Facebook, Instagram, LinkedIn, and Snapchat.  These platforms are a great way to stay connected with friends, families, and colleagues, especially when geographic distance is a factor.  But, in addition to just chatting about life in general and sharing pictures, social media can be used to bridge the information gap that exists within the investment community.

Over the last decade, many trading offices have been established in large cities all over the world which allow solo traders and investors to pay a monthly fee in exchange for a workspace.  The real benefit to trading in these offices is to participate in the free flow of trading ideas and information.  Proprietary trading is one of the most challenging careers to be successful at and the exchange of ideas is almost required in order to succeed.  Traders at hedge funds and investment banks work in teams so why shouldn’t remote traders?

While these trading offices are a great way to help bridge the information gap, Aluna.Social may provide an even better way, especially as it relates to cryptocurrency trading.

Mission Statement

Aluna.Social, founded by Alvin Lee and Henrique Matias, is a multi-exchange social trading terminal for crypto traders and investors.  The goal of the platform is to help newcomers shorten their learning curve,…

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CoinFlip Scores Big with BRD Wallet Partnership

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CoinFlip
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As the crypto markets move closer to mass adoption, one of the keys for future success will revolve around attracting as many market participants as possible.  While many crypto users are extremely tech oriented, a lot of those on the sidelines are not.  The cause of waiting on the sidelines could be due to a variety of reasons such as fear of the unknown, lack of knowledge, age, or a combination of all of the above.  In order to entice new users to join the crypto revolution, crypto ATMs are rising up across the country.  Of those, the largest and most influential crypto ATM company by a significant margin is CoinFlip.

In early October, CoinFlip announced on its Twitter that it had officially partnered with BRD Wallet to re-introduce their crypto ATM map.  Now, BRD wallet users will be able to locate their nearest CoinFlip ATM and receive a 10% discount for both buys and sells.  BRD brand awareness is growing quickly within the crypto community thanks to its innovative and entrepreneurial spirit.  The team strongly believes in the value of financial freedom and independence, and want to empower people across the world by leveraging the possibilities that Bitcoin and other cryptocurrencies provide.

Cryptocurrencies are already making a huge difference around the world.  Citizens of Venezuela, a country devastated by rampant inflation, have been using several cryptocurrencies…

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Can Libra help the crypto industry to reach new heights?

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Libra is motivated and determined to change the face of payment procedures across the globe and make the blockchain-based project the leaders of payments.
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The market for cryptocurrencies started with the launch of Bitcoin in 2009, and since then, so many cryptocurrencies have been launched that it gets hard to keep track of them. The crypto market has seen massive growth in the past 3-4 years as it started gaining attention from mass media, which helped in this boom.

From the past 2-3 years, several new cryptocurrency projects were launching in the market. Amid all this, the social media giant – Facebook announced the launch of their cryptocurrency platform, and this news got viral like wildfire. The announcement came forward in June, and the upcoming cryptocurrency is known as Libra, and it’ll come with its dedicated wallet called Calibra.

What is Libra?

Libra is a permissioned blockchain-based digital currency which is being developed under the supervision of Facebook’s vice president, David A. Marcus. The cryptocurrency is under development in partnership with an independent, non-profit member Libra Association. Facebook is the second member of the project, and these companies aim to use Facebook’s user base for the promotion of the digital currency when it is launched. The transactions and the cryptocurrency will be managed and cryptographically entrusted by the Libra Association.

Note: Libra Association was established by Facebook to look after the cryptocurrency and the transactions, and it was founded in Geneva, Switzerland.

The development of…

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