Dash Price Prediction – How Much Will DASH Be Worth in 2021?

This Dash (DASH) Price Prediction 2021 article is based on technical analysis alone. Below, you will see the key metrics that we have taken into consideration upon coming up with our DASH price analysis and prediction.

As many cryptocurrencies appear to be moving sideways lately, we take note of other altcoins that have high potential. Others claim that Bitcoin and major currencies are merely taking dips at the moment; nothing more. However, others are looking for other alternatives that have high profit potential and one of these is Dash.

For those who have been in the crypto community for a long time, Dash is a familiar name. It has joined the rest of the altcoins in rallying during the last alt season but today is a blank page. Will it become one of the best cryptocurrencies to invest in 2021? Will it join the top ten cryptocurrencies in 2021 as well?

Before we proceed to those questions, let us first know what Dash is.

What Is Dash (DASH)?

Dash is a cryptocurrency that functions similarly to Bitcoin. In fact, Dash’s blockchain forked off from Bitcoin’s. Created in 2014, Dash initially took the name Darkcoin, suggesting anonymity and privacy for its transactions.

Over the years, Dash diverted its focus from providing anonymous transactions to speed and efficiency. Hence, the name Dash is created.

According to its website, Dash is popularly used globally as a more practical alternative to cash or credit cards. This is due to its low fees and fast transactions.

Dash has been consistently on the top 100 list for years. It has an all-time high (ATH) price of $1,642.22 per coin, according to CoinMarketCap.

Now that we know what Dash is, let us discuss whether DASH is a good cryptocurrency to invest in 2021. Let’s head to our chart in this Dash price analysis.

DASH Current Market Status

As of the time of writing this Dash price analysis, DASH trades at $199.22 with a 24-hour trading volume of $447,873,553. The price of DASH has decreased by 15.35% in the last 24 hours. Furthermore, DASH has a current circulating supply of 10,432,316.78 DASH. Currently, the top cryptocurrency exchanges for DASH are Binance, Huobi Global, ZBG, OKEx, and FTX.

Now, let’s proceed to the next part of this DASH technical analysis for 2021.

Dash Price Analysis

Currently, Dash holds 58th place on CoinMarketCap. But will the latest upgrades, developments, and changes in the DASH blockchain help the cryptocurrency price to reach higher? Let’s proceed to the charts in this DASH price prediction article.

In the chart above, which is set in a daily time frame, we can see the Descending Channel pattern. A descending channel is the price action occurring in a downward direction through a sloping parallel line. Also, the chart displays the Lower highs and lower lows from this price pattern. More so, this pattern represents a short-term bullish.

As shown above, at the beginning of this month, DASH turned from its bear to bull trend. This is the result of the high trade volume that happened in that period.

The Relative Strength Index (RSI) is at 62, which means that DASH is in a nearly overbought state. Hence, traders and investors can trade with confidence without worrying about any major price reversal. 

Therefore, traders must trade crypto carefully and must not be affected by the market hype. Keeping all this in mind, traders can be aware and move away from unexpected losses due to the crypto market’s wild swings.

Let us also look at the Simple Moving Average (SMA) and the Exponential Moving Average (EMA) of DASH.

Since the start of 2021, DASH’s price has seen many bullish moves which are higher than the previous one. More so, these are followed by fluctuations, consolidation, and corrections right away. Taking this into consideration, DASH has a competitive market this 2021.

Dash Price Prediction 2021

The chart below shows that DASH has performed great over the past few days. If this trend continues, Dash might run along with the bulls, overtaking its $335 resistance level and climb higher.

Conversely, if the investors turn against the crypto, the bears might take over and dethrone DASH from its uptrend position. In simpler terms, the price of DASH might plummet to almost $111, a bearish signal.

Meanwhile, our long-term DASH price prediction for 2021 is bullish. This year, it has a high possibility of surpassing its current all-time-high (ATH) at about $1,642.22. However, that will only happen if it breaks many previous psychological resistances.

Dash Price Prediction 2022

If this bullish trend continues, DASH will reach $400 by the end of 2022. Moreover, the first half of 2022 is going to show fast growth, up to $450. Then this rise will slow down, but no major falls are expected. With upcoming, partnerships, and developments reaching $400 is quite optimistic in the price point of view but undoubtedly feasible for the near future.

Dash Price Prediction 2023

The price of DASH can move even great heights, however reaching $500. Moreover, this is possible only if the market maintains its bullish trend. In addition, only if the cryptocurrency DASH breaks past the psychological resistance level.

Dash Price Prediction 2024

As per the latest upgrades, developments, DASH price prediction, and new project forecasts of the platform. Moreover, this might boost the price of DASH in the crypto market, and it will be the best investment as the price can spike and reach around $560.

Dash Price Prediction 2025

In the next four years, DASH prices could race up to $700. However, reaching this level could not be so difficult for DASH as additional medium, short-term, and long-term price targets could be found to purchase or sell orders. This indicates that DASH has a high possibility of reaching a new ATH soon in the next five years as per the prediction.

Conclusion

Dash has a bright future ahead of it in 2021. With the ongoing developments happening within the DASH ecosystem, as well as in the overall crypto market, we may see DASH reach new heights. Bullish DASH price prediction 2021 is $335. It may even reach over $400 if investors have decided that DASH is a good investment in 2021, along with mainstream cryptocurrencies like Bitcoin and Ethereum

FAQ

Disclaimer: The views and opinions expressed in this article are solely the author’s and do not necessarily reflect the views of CoinQuora. No information in this article should be interpreted as investment advice. CoinQuora encourages all users to do their own research before investing in cryptocurrencies.

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