Will DASH Price Go Up Next Year? — Explained by Godex
The cryptocurrency market can be quite unpredictable, especially in times like these. After the recent price crash, mainly caused by the Terra/LUNA debacle, investors are fearful to invest, and the market has taken a severe downturn.
However, these bear markets have only been temporary in the past, and prices usually stabilize and start increasing at some point. It can be challenging to provide price predictions during such events. However, experts at Godex anonymous crypto exchange will help you to understand the future price action of DASH. You can check out some of their previous prognosis, such as a plausible TRX price prediction.
This article will go over the fundamentals of the Dash cryptocurrency and its historical price action. lIn the end, you should have a good idea of what to expect from DASH in the short and long term.
What DASH Stands For
The primary goal of the DASH cryptocurrency is to solve some of the lingering issues of Bitcoin, mainly privacy and scalability. Consequently, Dash is the cryptocurrency that introduced us to the concept of masternodes, where validator nodes hold a large amount of DASH, which gives them the power to validate transactions and incentivizes them to provide honest work.
Moreover, Dash functions on a double consensus mechanism. A part of its network is governed by miners (Proof of Work) while the other part is governed by masternodes (Proof of Service). This allows for greater decentralization, adding another layer of security to the protocol.
The protocol equally achieves higher levels of privacy by hiding the origins of the funds. Users can opt-in for the privacy features, which allows Dash to be considered legal even where privacy-focused coins are not.
What We Know About Dash Price History
Released in early 2014, DASH is considered one of the oldest cryptocurrencies that remain in the top 100 by market cap. When DASH entered the market, the coin traded for around $0.5. Following the first bull run in 2014, DASH reached as high as $15 but fell back to $2 shortly after.
It was in 2017-2018 that DASH experienced its most significant bull rally. During this period, the coin went from around $20 to an all-time high of $1,550. At the time, many investors traded XMR to DASH, considering it the better privacy coin. The rise of DASH was dazzling, but its decline quickly followed.
The coin reached as low as $40 during the bear market that lasted from 2019 to 2020. Even in 2021, when the market rallied, DASH never really managed to get close to its 2018 all-time high. The coin reached a local high of $440 in May 2021. The price has been retracing ever since, and DASH is currently trading at around $60 per coin.
Price Prediction from Godex About Dash
Let’s have a look at what some experts in the field think will happen to the DASH price in the following years.
DASH Price Forecast 2022-2023
Most publications expect that DASH will continue to slowly grow as its maximum supply of 18.9 million tokens is slowly reached over time.
Digitalcoinprice expects the coin to get to a maximum price of $96.59, nearly double of what it’s trading for currently.
PricePrediction.net is even more bullish on the Dash crypto, providing a price forecast of $122.25 for the same period.
DASH Price Forecast 2024-2025
For 2024-2025, analysts predict steady growth for the DASH cryptocurrency.
Digitalcoinprice offers a maximum target of $131.81 for this period, providing quite a positive long-term outlook.
PricePrediction.net is even more enthusiastic with a target of $238.46, nearly a 5x growth from its current value.
DASH Price forecast for 2030
While providing forecasts so far in the future can be somewhat challenging, here’s what analysts think will happen with the Dash price in 2030.
Digitalcoinprice gives us a target of $288.35, while PricePrediction.net aims at the ATH, with a forecast of $1,573.06.
What Does the Future Hold for DASH?
Dash has shown some good resilience to bear markets and is still present in the top 100 nearly 10 years after release. While it has never managed to reclaim its previous heights, the supply of Dash is slowly reaching its maximum. This increased scarcity could play a big role in its increase in value in the following years.
