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Can the Dash Price Explode? – Invest or Trade

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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.

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Altcoins

KaratGold Proves Its Business Model By Providing Official Documents

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There has been a lot of renewed enthusiasm in the cryptocurrency market thanks mainly to Bitcoin’s strong move about 10,000.  Although Bitcoin continues to show its dominance, the altcoin market has yet to benefit from that rally.  A few of the largest altcoins remain popular but the rest of the market continues to lag behind.  In 2018, there was a lot of talk regarding a possible altcoin apocalypse where only the strong would survive.  That prediction appears to be playing out as expected.  Going forward, only the best projects that have a real world need will survive.  Crypto traders will have to spend a lot of their time doing proper research in order to find the best opportunities, just like in all financial markets.  One promising project that appears to have the makings of a future winner is KaratGold Coin.

KaratGold Background

KaratGold Coin is a cryptocurrency developed by the reputable German company Karatbars International, which maintains a leading position in the market of small gold items and investments. The project is part of a larger ecosystem, which involves several blockchain solutions that can be used for transactions, communication, investing and other tasks. During the past few weeks, however, the KaratGold ecosystem has been a target of unsavory scam allegations.  

Karatbars International and GSB Gold Standard Banking Corporation…

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ICTE May Bring About Sweeping Changes for Cryptocurrency Exchanges

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Cryptocurrency has taken the world by storm during the last few years. An entirely new financial market was created almost overnight which has captured the imagination of all its participants. Cryptocurrency is even starting to attract institutional money from investment banks, hedge funds, and other proprietary trading firms. Despite the rapid growth, traders remain extremely frustrated by having to deal with the fragmented nature of centralized crypto exchanges.

A Change is Needed

When cryptocurrency first began, there weren’t many participants and the trading volume was relatively insignificant. But, over time, that has radically changed. Some tokens now have a capitalization in the billions and are being traded 24-7 by institutions all over the world. Despite the volume, significant problems exist with the current way that exchanges work. Some of those problems include the following:

  • Constant fear of hackers
  • Exchange manipulation
  • Fragmented liquidity
  • Risk of identity theft

One of the biggest issues regarding centralized exchanges is the risk of being hacked. These hack stories seem to always be circulating around the internet. While experienced traders may have the tools to avoid becoming a victim, potential new traders have zero interest in dealing with this. And it’s not just the small exchanges that are at risk. Even large exchanges, such as Mt. Gox and Binance, are subject to being hacked.

Another huge risk is having to deal with…

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SonicX and Dash Could Challenge Facebook’s Libra for Global Payments Market Share

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SonicX
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When Satoshi Nakamoto unveiled Bitcoin to the world, the dream was always for Bitcoin to serve as a new universal currency.  It would be free from the bureaucracy of governments.  And free from the tyranny of the old-world financial cartels.  Although the dream hasn’t yet materialized, it comes closer and closer with each passing day.

One of the biggest roadblocks for Bitcoin has been scalability.  At a speed of approximately 7 transactions per second, Bitcoin lags behind other cryptocurrencies like Ripple and global payment processors like Visa.  Many expect the lightning network to have a positive impact on Bitcoin’s TPS but until that comes to fruition, mass adoption will likely need another significant development.

Libra Currency Announcement

One development that could help pave the way toward mass adoption is the launch of the Libra currency.  Libra is expected to go live during the first half of 2020 according to Facebook’s June announcement.  According to Facebook, Libra will make sending money online cheaper and faster.  It will also have a hand in improving access to financial services, especially for the unbanked.  Given Facebook’s global reach, including many third world countries, providing financial access to the unbanked could provide a huge spark to global economies.  Additionally, it could provide the growth spark that cryptocurrency needs.

Facebook’s most popular messenger, WhatsApp, has approximately 1.5 billion monthly users.  This application is…

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