In short, DASH cryptocurrency is one of the Bitcoin forks, which corrects two major drawbacks of the world’s titanium digital currency. First of all, this coin provides instant transaction speed due to the system of nodes, i.e. master nodes and InstantSend technology. This token is considered an excellent payment tool for household purchases, along with cash and plastic cards, which largely influences the DASH exchange rate forecast for a reason The second important point is that DASH is an anonymous cryptocurrency which anonymity is provided by the systems of MasterNodes and the PrivateSend mechanism.
The creators of the cryptocurrency from Dash Core Group, Inc. actively promote their product, making it available for purchase on more than 220 exchanges, including one of the best cryptocurrency exchangers https://godex.io/. The company has also created its DASH wallets in the form of desktop, mobile and even text versions, which also determine the DASH value forecast.
DASH was initially called Xcoin but was soon renamed Darkcoin. Eventually, DarkCoin was renamed to DASH, which came from “digital money.”
DASH cryptocurrency started on the market in February 2014 at $0.21, this was its lowest price ever. In mid-2014, just a few months after its launch, the DASH jumped above $10 because of the cryptocurrency’s popularity. After the first price spike, the coin returned to the $2-$4 level, which proved to be more stable than the fee before, and this trend continued in 2015. The most notable jump in 2015 occurred in March, around the same time the X-Coin was renamed to DASH. The coin reached its brightest peak in 2016. That year proved to be a productive one for DASH as in twelve months, the exchange rate increased by about 250% from $3.33 to $11.2. In early 2017, popularity helped the cryptocurrency rank third in market capitalization, which influenced DASH’s outlook for the future. The coin’s price, meanwhile, rose nearly 100% to $52. Instead of correcting downward, the coin’s exchange rate rode the wave of Bitcoin’s bullish trend that came at the same time, reaching a record high of $1642.22 on December 20, 2017.
The year 2018 became the worst year for DASH, when in its first half the price fell by -92.63%, from $1,072.55 to $79. The expected correction was recorded in mid-2018 when the exchange rate returned to around $280 and continued its downward movement. In 2018, the DASH closed at just $80. By July 2019, in the midst of crypto-winter, the coin strengthened its position, surpassing $110, before falling to $40 per token in December 2019. The beginning of 2020 was a great time for DASH cryptocurrency. The DASH coin has been one of the best performers for several weeks. Not surprisingly, its price tripled in a couple of weeks in January and set support levels well above $90.
Due to the COVID-19 pandemic and the collapse of the economy by March 2020. DASH failed to maintain its performance and in March the exchange rate dropped to the level of $40. Over the next few months, showing moderate positive activity, the DASH rate rose to $80 and then corrected to $70.
In 2021, following market trends, DASH cryptocurrency increased in its value. The first peak was reached on February 19 at $320.84. The second time the price jumped to $385.48 on April 17, and history repeated itself. The third time (May 7) the rate rose even higher to $438.63. Nevertheless, the DASH has not renewed its record price high in 2021 but the coin failed to maintain a stable upward trend.
DASH is currently worth $45.21 USD with a market capitalization of $496,946,403, making it ranked 84th on the list of most valuable coins.
Technewsleader expects DASH to reach $162.46 by 2025 with substantial cooperation from financial institutions if the following requirements are met. PricePrediction anticipates a maximum value of $180.36 for 1 DASH, with an average of $144.41 during 2025. CaptainAltcoin`s prediction model believes DASH could get to $69.17 in 2025. TradingBeasts` DASHcoin price prediction has an optimistic perspective for the approaching 3 years, estimating Dash at its maximum figure of $123.433 by the completion of 2025. As per DigitalCoinPrice`s forecast data analysis, the DASH rate is expected to break the level of $189.64 by the end of the year 2025 and reach the utmost position of $208.97.