What is Dash Coin?
Dash (DASH) is a next-generation cryptocurrency and decentralized autonomous organization (DAO). The cryptocurrency forked from the Bitcoin protocol. The system of master nodes regulates the administration of Dash blockchain. Also, it conserves the security of blockchain and votes on how the funds earned by the Dash treasury are spent.
DASH was launched in 2014 mainly to guarantee the privacy and safety of users. It has earned itself a spot among the top 15 cryptocurrencies in the crypto market and has a daily volume of around $600 million.
DASH Coin Technical Analysis (2014-2019)
During the historic 2017 bull markets, DASH, just like other cryptocurrencies spiked up by more than 8,000%. This gesture grabbed investors attention. Although the price of Dash at the time of launch was just $0.12, within a few months, its price ascended to trade at $12 during August 2016. Eventually, amid 2017 bull markets, Dash saw a huge rise in its price reaching $109 for 1 DASH. With 2017 coming to an end, 1 DASH was sold at $1494.
During 2018, the Dash price decreased from $1300 to $80, also, the market capitalization decreased from $12 BLN to $600 MLN. In April 2019, DASH again saw an uptrend at $133. The Dash community is again gradually developing and reaching large volumes.
In 2017, along with all other coins enjoying their green days, DASH was also experiencing a good uptrend. The coin started the year with just $23 which saw continuous growth the whole year reaching the highest value of $1,508 by the end of 2017.
The top cryptocurrency underwent a lack of volume on exchanges which saw prices crashed below critical points.
Although the Dash coin made a grand entry in 2018 with its price being consistent at $1,036, the Dash coin found it difficult to hold on to it. As days passed by, the price also decreased drastically to $80 by the end of 2018.
Furthermore, as 2019 started the cryptocurrency did not see much fluctuations. It was gradually trading at $100-$170 till date. Although Dash coin has seen so much of ups and downs, the currency has quite good potential to make its way in the top 10’s very soon.
The year 2020 began on a bearish note. As of January 12th, 2020, the cryptocurrency was trading about $35. As the market matured in the middle of the first quarter, Dash spiked by up to 300 % around February to record the All-Time-High (ATH) price of around $132.
A series of short bear markets followed this, collapsing the price down to about 280 percent in Mid-March. Since the price had revived and made little profits by the end of the first section, in March. The cryptocurrency started to move hands at $75 per unit at the moment.
Learn More: https://coinpedia.org/price-prediction/dash-coin-price-prediction/