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Can the Dash Price Explode? – Invest or Trade

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Dash price

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.

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My Crypto Heroes Announces Issuance of MCH Governance Token

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Tokyo, Japan, 24th November, 2020, // ChainWire //

My Crypto Heroes is happy to announce the issuance of MCH Coin as an incentive to players in the My Crypto Heroes ecosystem, aiming to allow them to craft a “User-oriented world”. The MCH coin is available on Uniswap with a newly created pool with ETH. 

My Crypto Heroes is a blockchain-based game for PC and Mobile. It allows users to collect historic heroes and raise them for battle in a Crypto World. Officially released on November 30th, 2018, MCH has recorded the most transactions and daily active users than any other blockchain game in the world.

What is MCH Coin?

MCH Coin is being issued as an ERC-20 Standard Governance Token. The issuance began on November 9th, 2020, with 50 million tokens issued.

Of the funds issued, 40% are allocated to a pay for on-going development and as rewards for advisors and early investors. 10% are allocated to marketing and the growth of the ecosystem, and 50% are allocated to the community. The Distribution Ratio of the MCH Coin is subject to change via a governance decision.

The MCH coin will be used as a voting right as part of the ecosystem’s governance, with 1 coin being 1 vote. It will also be used for in-game utilities and payments. Additional information can be found here:

https://medium.com/mycryptoheroes/new-ecosystem-with-mchcoin-en-a6a82494894f

During December 2020 the first governance…

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Rewards Platform StormX Offers 50% Crypto Cashback Bonus for Thanksgiving

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Singapore, Singapore, 23rd November, 2020, // ChainWire //

Blockchain-based rewards platform StormX has released a seasonal promotion for its award-winning Crypto Cash Back App. The promotion will allow app users to earn a 50% bonus on top of their cashback between Thanksgiving Day and Cyber Monday (November 26-30).

StormX has also introduced a brand-new staking service, allowing users to earn an additional 50% per year when they stake STMX tokens. The native ERC20 token of the StormX ecosystem, STMX has a total supply of 10 billion and is available to trade at many of the world’s top exchanges, including Binance and Bittrex.

“With Bitcoin’s price approaching its all-time high, interest in cryptocurrencies has renewed, though some people believe it’s now too expensive to buy in,” said StormX CEO and Co-Founder Simon Yu. “What we have done is create an easy way for such individuals to accumulate bitcoin, ethereum and other cryptocurrencies via everyday shopping.

“We’re also excited to provide users with the ability to earn greater rewards simply by staking their tokens.”

Since the StormX mobile app launched its Shop feature with over 700 stores in February 2020, some 400,000 unique users have been added to the rewards platform. StormX has also witnessed over 50% month-on-month growth for sales. The app is available for download on the App and Google Play Stores, and can be downloaded as a browser add-on from the Chrome Web…

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3 Reasons Why Liquidity Dividends Protocol (LID) Will Be a Huge Winner

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Liquidity Dividends Protocol

Since 2017, cryptocurrency has experienced both the crazy highs and the crazy lows with fortunes being made and lost overnight.  That volatility is one of the main reasons why cryptocurrency has been relatively slow to gain mass adoption.  In addition to volatility, another concern for many is the lack of security and regulation in the market.  This can be seen through the countless exchange hacks and rug pulls that seem to occur on a weekly basis.  In order for cryptocurrency to move into the next stage of maturity and bring on mass adoption, investors and users will need to feel secure knowing that their funds are safe.  One promising organization that may have the perfect solution is Liquidity Dividends Protocol (LID).

What is Liquidity Dividends Protocol?

Liquidity Dividends Protocol is an up and coming organization that provides locked liquidity services to cryptocurrency projects that launch their offerings through ERC-20 tokens.  It lets non-custodial pre-sales lock liquidity of a token in a trustless manner through Uniswap.  This locking process will prevent every investor’s worst nightmare of seeing their hard-earned money disappear through “rug pull” scams that are designed to remove liquidity out of DeFi projects.

This year has seen an explosion of interest in Uniswap and DeFi projects.  Many investors have generated enormous returns on investments, but many have experienced the pain of being duped.  Below are three reasons why LID Protocol is poised to be a massive winner in…

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