DASH Cryptocurrency Price Prediction Long Term
When evaluating crypto coins, you can’t compare the DASH cryptocurrency against leading digital assets like Bitcoin and Ethereum. However, it is incredible how such a technological innovation has kept a strong foundation and remarkable technical structure that keeps attracting investors to the platform.
The DASH protocol is an open-source token that forked off the Bitcoin blockchain and prided itself on offering fast and affordable transactions besides delivering diversified application details for developers. Despite the price slump recently experienced throughout the crypto sphere, Dash seems to display great future potential and could reclaim its all-time high value.
This DASH cryptocurrency price prediction dissects the Dash network’s essential features, the important factors that could drive its upward trajectory, and what you can expect its price to be by the end of 2023 and beyond. Welcome on board.
What is DASH?
DASH is a cryptocurrency that can be transferred in peer-to-peer transactions to anyone, anywhere, fast, hassle-free, and affordable. The Dash blockchain operates without a central authority, and the developers’ goal was to create a proficient and hands-on solution for transferring digital cash.
Dash (DASH) was founded as Xcoin on 18 January, 2014, by Evan Duffield and later rebranded as Darkcoin before rebranding again to DASH in 2015 to better embody it as a platform for "digital cash". DASH originated as a fork of Litecoin, a fork of the Bitcoin (BTC) protocol, and aimed to address the shortcomings of BTC’s privacy and transaction times.
Duffield and his team designed DASH to safeguard users' anonymity using the x11 algorithm and Masternodes to accelerate transaction times. The founder stepped down in 2017 and left the protocol running to the Dash Core Group.
DASH created a niche among the pioneer cryptocurrencies that emerged alongside Bitcoin and has continued to dominate the crypto sphere alongside the giants. The digital asset's value has risen in recent years to rank number 12 among the leading cryptocurrencies in 2018.
How does DASH work?
DASH cryptocurrency uses a two-tier network that enables Masternodes and crypto miners to run concurrently. The first layer is dedicated to crypto miners who compete against each other to create new blocks that secure the blockchain. The task performed by miners is crucial as it preserves the DASH blockchain’s transaction history and prevents double-spending.
The second layer is dedicated to and controlled by Masternodes, referring to users on the blockchain network who can stake up to 1,000 DASH tokens to take up some functions that are usually the preserve of miners. Masternodes complement the work of cryptocurrency miners by ordering and authenticating transactions.
The DASH utility token is among the recognized payment methods for payable fees on the Dash network and for staking within the Dash Masternode system, where users help secure the system in return for passive income. A 2.5-minute block time on average by DASH is the main attraction of Dash when compared to Bitcoin, whose block time is at least 10 minutes.
Please note, though, that DASH crypto miners receive 45% of each block they mine compared to the 100% offered by the Bitcoin network.
Where does DASH get its value?
DASH derives its value from the utility it offers its users. Mostly, the coin is helpful as a means of exchange, accepted by more than 150,000 merchants and outlets worldwide. Also, the crypto is active in more than 50,000 addresses, and it's estimated to process billions of transactions annually. The previous facts demonstrate its growing value and utility, giving it a competitive edge over several alternatives.
What makes DASH unique?
DASH enjoys an impressive adoption rate globally for a coin ranked at No. 62 on the CoinMarketCap, with several suppliers and vendors accepting it as a form of payment. DASH is especially popular in Venezuela, boasting more than 40,000 users and counting. The company's official website provides an exhaustive list of businesses supporting cryptocurrency.
DASH packs an array of features, some of which give it an edge over other digital assets like Bitcoin and Litecoin. The crypto coin's leading features include Masternodes, PrivateSend, X11, ChainLocks, CoinLocks, and InstantSend. Let’s have an in-depth analysis of these features individually.
Just like the Bitcoin blockchain, where miners get rewarded for verifying transactions on the network, the Dash blockchain network runs a similar program. However, the Dash system has two divisions – miners and Masternodes. To become Masternodes, users must deposit at least 1,000 DASH tokens and perform critical functions on the network. Some of their duties include responsibility for the governance and treasury system, Private Transactions (PrivateSend), and Instant transactions (InstantSend). For their effort to improve the network's security and facilitate speedy transactions, Masternodes earn 45% of the reward received from every DASH coin mined.
Unlike the completely public Bitcoin blockchain, where details of every blockchain transaction are accessible to anyone with an internet connection, the Dash network introduces privacy through a service called PrivateSend. Through this service, no third party can trace back the details or identity of users.
Facilitated by Masternodes, PrivateSend ensures transaction details remain private, giving the blockchain a significant advantage over the Bitcoin network. This feature makes the DASH crypto equal and all its transactions fungible since their history is unknown and cannot be tracked.
While it takes just a few seconds to complete a transaction using your Visa or MasterCard, it typically takes up to 10 minutes to confirm a Bitcoin transaction. The time drag is not just a huge difference, but also raises questions about Bitcoin's scalability and potential for mass adoption. To address this challenge, DASH offers InstantSend, a service that ensures a transaction is confirmed almost in real-time. InstantSend comes at an extra cost over the regular DASH transaction that gets cleared in about 2.5 minutes.
The CoinJoin feature guarantees complete privacy and security for the parties involved in a peer-to-peer crypto transaction.
Using a trustless non-custodial style, the system mixes a sequence of transactions so that an outsider can neither trace nor interrogate the transaction history. The service is only available for users with Dash and Dash Electrum wallets.
This unique hashing algorithm, designed by Evan Duffield, uses a sequence of eleven unique hashes to enhance efficiency and fairness. X11 ensures users enjoy maximum security by offering them zero uncertainty about digital asset transactions.
The ChainLocks feature protects the Dash network from hacker infiltration or other external vulnerability while offering a real-time solution against organized threats. This feature eliminates any possibility of 51% attacks by providing fast and effective alternative solutions.
DAPI is a feature that ensures that developers in the Dash community can interact freely and securely while exchanging app data and queries through its endpoints.
Dark Gravity Wave
Dark Gravity Wave is an open-source difficulty adjustment algorithm that works with Bitcoin-based cryptocurrencies such as BDC, DASH, and Litecoin. The algorithm fine-tunes a block's difficulty levels depending on the data it finds within the block. This is a practical approach that ensures the network can issue new blocks regularly while averting time-warp exploits, especially when there are high fluctuation periods.
Dash price prediction in 2023 and beyond
Despite the severe crypto winter in 2022, DASH had a relatively uneventful journey. As of writing this guide, the coin's trading volume is $111,539,994.
We will interrogate the digital asset's prospects for this DASH cryptocurrency price prediction.
The price of DASH was $73.78 and a market cap of $182,560,920 out of a total circulation of 11,120,725 coins. By using real-time market data and analyzing the coin's current developments, past price actions, and social sentiments from the DASH community, we can comfortably offer this dynamic price prediction related to the recent market activity.
DASH price prediction 2023
With DASH considered among progressive cryptocurrencies set to rise this year, market pundits anticipate a significant price gain, especially beginning Q3, which could push it to $103.87. As expected, the price gain will be gradual but accompanied by sporadic drops now and again. While an average $96.95 increase may appear over-ambitious, a minimum of $83.10 remains reasonable especially considering anticipated collaborations and advancements.
DASH price prediction 2024
If the current trend continues without serious interruptions, 2024 could bring better tidings for DASH cryptocurrency. Increasing use cases could usher in fresh initiatives and partnerships that further propel DASH toward $173.12.
Nonetheless, such an outcome will depend on DASH's comparative strength index resulting from oversold zones or bullish bets. The lowest DASH cryptocurrency price prediction for 2024 could be $138.50, with a run-of-the-mill trading price of $152.35.
DASH cryptocurrency price prediction 2025
Depending on how matters work out in 2024, pundits see DASH reaching $242.37 in 2025. However, a pessimistic market experience could only offer investors much-needed profits even though the coin could achieve an average trading price of $207.75 at its lowest or high of $221.60.
DASH cryptocurrency price prediction 2026
A successful 2025 combined with anticipated increased adoption by millions of crypto enthusiasts sitting on the fence could jolt the DASH coin price in 2026 and see it remaining stable for a few more years. With DASH projected to go green by 2026, the coin could quickly achieve and surpass its all-time highs and reach $311.62 or $276.99 on the lower side and an average of $290.84.
DASH cryptocurrency price prediction in 2027 and beyond Much of our DASH cryptocurrency price prediction is based on calculations derived from high-level technical analysis. The most powerful shot in the arm would be a bullish market that could introduce future potential partnerships from 2027 and beyond. DASH could reach a maximum price of $380.87 in 2027 with an anticipated low of $346.24. As DASH strives towards interoperability, we expect the bullish trend to push it between $415.49 and $450.12 in 2028 and hopefully between $553.99 and $588.61 by 2030.
The parting shot
Since the crypto market is still highly volatile, making a dash cryptocurrency price prediction with utmost precision remains a real challenge. While Moni Talks has taken every precaution to pinpoint the anticipated future prices, it’s essential for you, our reader, to avoid taking this DASH cryptocurrency price prediction as absolute financial advice but instead use it as a stepping stone and do your research as you make investment decisions.
Tom is a freelance writer with over 15-years’ experience in content creation, blog writing, and SEO specializing in the blockchain and cryptocurrency niche. He is a philosophical figurehead who believes that to make our world a better place, we must invest in incorruptible products and procedures, of which Bitcoin and other cryptocurrencies are leading examples.