(DASH) Dash Price Prediction & Forecast
[Updated 06 December 2018]
Thinking of investing in Dash in December 2018? Here is our honest price prediction and forecast.
- Fundamental Analysis
- Technical Analysis
- Specialists’ Perspective
- Dash Price Prediction 2018
- Dash Price Prediction 2019
- Dash Price Prediction 2020
- Dash Price Prediction 5 years
- Our Prediction
Dash (DASH) is a next-generation digital currency and decentralized autonomous organization (DAO) that was forked from the Bitcoin protocol. Unlike many other blockchains, governance on the Dash blockchain is handled by a network of master nodes, which functions to maintain the security of the blockchain and vote on how funds earned by the Dash treasury are spent.
Launched in 2014 as XCoin before rebranding to DarkCoin and again to Dash in March 2015, the coin was initially received with admiration for its improved transaction speed and privacy over Bitcoin. Dash has also been praised for its decentralized governance system, which sees the masternodes vote on the short-term direction of the project.
With the vast majority of cryptocurrencies reaching their all-time highs in Dec 2017, it remains unclear how much of Dash’s prior success can be attributed to what is generally considered an unprecedented bull market.
In the 2018 bear market, Dash (DASH) has performed worse than most major cryptocurrencies, falling from rank 8 in December 2017 down to rank 16 just a year later.
Throughout 2018, Dash has shown less strength than many major cryptocurrencies and has lost significant ground against both its indirect competitors, e.g. Bitcoin (BTC), and direct competitors, e.g. Monero (XMR). Because of this, we expect DASH to continue to fall as we enter 2019, potentially seeing as low as $60.Dash $DASH is expected to continue to fall in 2019, losing an additional 20 percent of its valuation as 2018 draws to a close. Click To Tweet
Fundamentally, Dash (DASH) offers a strong value proposition and has a potentially huge target market that could be leveraged in the future if development continues along the right path.
Dash (DASH) today has just over 5,000 masternodes active, up from 4,800 in March 2018. Despite the 2018 bear market, DASH is also accepted by more traders than ever before, demonstrating faith in the technology. However, the altcoin has also been the subject of scrutiny relating to its extraordinarily master node requirements, with master node holders required to have at least 1000 DASH as collateral, currently valued at over $70,000.
Some have argued that this requirement reduces the number of masternodes on the network, thereby increasing centralization by ensuring only very few wealthy individuals are able to participate in the voting system, essentially controlling the future of the coin.
Being a DAO provides Dash a major advantage over other blockchains, allowing it to quickly implement changes seen as favorable by the users themselves, helping it grow in the directions needed without any external intervention.
Dash also has a built-in self-funding system that should ensure that developments continue so long as the blockchain remains relatively popular. With 10 percent of the mining reward distributed to new projects, protocol improvements, and more, there is little chance the project will stagnate in the future.
After losing almost 95 percent of its market cap in the last 12 months, and falling to its lowest value in over 20 months, Dash (DASH) appears to be in a particularly worrisome situation in 2018, having been hit harder than most this year.
In the past year, DASH has fallen from its highest ever value over $1,400, down to under $70 for the first time in almost two years. In this time, Dash has fared particularly poorly against other privacy coins including ZCash (ZEC) and Monero (XMR), dropping down to rank 16 in the process.
Despite a few attempts at recovery in January, February, and April, DASH was unable to break previous peaks and continued in an extremely downward trend in 2018, consistently reaching lower lows as the months passed.
Against Bitcoin (BTC), DASH has performed particularly poorly, falling 4x faster on average as the market turned sour. Because of this, Dash looks unlikely to regain momentum in the near-term, with Bitcoin looking to be the strongest hold right now.
Curiously, throughout the 2018 bear market, Dash has managed to retain an impressively high trade volume, maintaining above $150 million per day throughout the second half of 2018, showing that usage remains high.
For the most part, Dash (DASH) projections made earlier in 2018 were wildly bullish, expecting DASH to see heights over $3,000 by year-end. Since then, the number of bullish voices on Dash has dwindled, as it remains difficult to see an end to the 2018 bear market.
One of the most bearish Dash predictions we have seen unsurprisingly comes from WalletInvestor, which predicts that DASH might lose as much as 100 percent of its value within the next year. WalletInvestor argues that DASH is a poor choice for investment, expecting its value to recover slightly before crashing to near $0 in 2019.
The bearish sentiment is also shared by LongForecast, which predicts the downward trend will continue until at least the end of 2018, with DASH closing the year at $46. Its long-term forecast doesn’t look any better, expecting Dash to collapse to just $10 by the end of 2019, before gradually making a slow recovery.
Crypto trading platform Coinswitch, on the other hand, is bullish on the short-term prospects of Dash (DASH), recently forecasting DASH coin to reach $756 by the end of the year.
Initially projecting Dash to reach $3,000 by the end of 2019, Investing Haven has since changed its tone drastically, admitting its previous prediction is highly unlikely, instead, expecting Dash to pick up some time in 2019 as it begins to outpace its peers.
Not one to be startled by an unprecedented bear market, TradingBeats, a site notorious for its impossibly ambitious forecasts, projects DASH will climb to $350.64 by January 2019, following which it will grow by other 800 percent in the next three years.
Dash Price Prediction 2018
This year has been unprecedented in the sheer value wiped from the global market capitalization of all cryptocurrencies, seeing the global market cap fall from over $800 billion, down to just $117 billion so far. Dash (DASH) in particular, has been hit hard and is unlikely to close 2018 above $75.
As the entire cryptocurrency market suffers, the average cryptocurrency has lost more than 80 percent of its value in the past twelve months. During this time, Dash (DASH) has performed far worse than the market average, losing more than 95 percent of its value in less than 12 months.
Since the year began, DASH has repeatedly failed to retake previous peaks and has consistently traded within a descending channel, failing to break upwards on several occasions but consistently reaching lower lows with every wave.
Though the descending channel appears to be narrowing, there are no signs that Dash (DASH) is due to break up any time soon, and is instead likely to continue trading relatively sideways, or lower, until at least January 2019.
As it stands, sell orders currently outweigh buy orders by some margin, indicating the DASH value is more likely to fall than grow. Until there is a significant improvement in market sentiment, we expect DASH will continue to see lower lows while DASH exchange rate worsens against BTC.
Dash Price Prediction 2019
With the Dash Core Group management recently releasing an updated roadmap for its 2019 Dash Evolution plans, we have a basic vision of how we can expect Dash (DASH) to change over the next year.
Whether DASH manages to recover above $100 during 2019 does, however, mostly depends on the general market sentiment at the time. In our opinion, we expect that the bear market will continue in Q2 2019, before all major cryptocurrencies, including DASH, begin to slowly recover as projects build out their platforms.
According to its roadmap, there are several enhancements planned for Dash (DASH) within 2019, including contract versioning and contract data triggers in core release 13.1 planned for the first half of the year. The Core Group also indicate basic improvements to the Dash and DashPay wallets are due at the same time.
Though these improvements will likely yield a slight benefit in usability and acceptability of Dash as a payment method, it unlikely that they alone will be sufficient to see Dash resist a bear market.
Because of this, we expect DASH will continue to weaken against other privacy coins throughout 2019, though recovering slightly as the overall market improves.
Dash Price Prediction 2020
For 2020, we expect that Dash (DASH) will continue to lose ground against strong privacy coins such as Monero (XMR) and ZCash (ZEC), but will continue to recover from its dramatic losses in 2017, potentially seeing its value exceed $300 as the crypto market swells.
Within 2020, it is likely that the latter stages of the Dash Evolution roadmap will be nearing completion, with Dash Evolution being out of beta and available for general use by merchants and consumers. However, by this time, we expect that other privacy coins would have also built their ecosystems out, with Dash likely lagging behind due to its decentralized funding structure.
Although the instant transactions offered by Dash initially set it apart from other privacy coins, the scaling improvements being developed by both Zcash (Sapling upgrade) and Monero second layer solutions may close the gap, pushing DASH further down the rankings.
Dash Price Prediction 5 years
Although we expect Dash (DASH) to lose popularity over the coming years, it is still likely that it’s five-year minimum price will be significantly higher than today, potentially retaking $700 simply due to a general improvement in market sentiment by 2023.
Overall, we expect that within the next five-years Dash (DASH) will remain widely used among privacy enthusiasts, but will not achieve the same success that Monero (XMR), ZCash (ZEC) and potentially newer upstarts will unless its efforts are redoubled.
Having achieved relatively little in the years prior to the 2017 bull run, DASH did not appear to be massively in demand as a means of payment. Instead, it is likely the gains DASH witnessed in 2017 were by large the result of the wild speculation occurring at the time, rather than a realization of the project’s inherent value.
With the crypto markets currently in a terrible way, the future does not look bright for Dash (DASH). After losing grounds against its two major competitors when times got tough, it appears DASH will continue to perform worse than average in the coming months, likely remaining under $70 as 2018 ends.
Though we forecast gradual price growth for DASH in 2019 and beyond, we believe that other privacy coins are likely to outperform it in the medium-long term due to a progressive weakening of its value proposition relative to its competitors. Despite this, a price as high as $140 might be expected by Dec 2019, with a low of $20 possible if the bear market overflows into the new year.
For the long-term, Dash (DASH) is likely to maintain a sizeable community behind it and will almost certainly stick around for the foreseeable future, unlikely to drop below a $100m market capitalization within this timeframe. A bullish prediction for its five-year high is close to $700, a prediction certainly more likely than seeing it reach $0.
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Nevertheless, investors should always do their own research and tread lightly before investing in cryptocurrency. The market is notoriously volatile, and anyone investing in Dash should be prepared to lose their entire investment.
What do you think of our price prediction for Dash (DASH) in 2019? Do you think it can reclaim lost ground against Monero (XMR) and Zcash (ZEC)? Let us know your thoughts in the comments below!
Images courtesy of Shutterstock, CoinMarketCap, TradingView.
[Disclaimer: The contents of this article are not intended as financial advice, and should not be taken as such. BeInCrypto and the author are not responsible for any financial gains or losses made after reading this article. Readers are always encouraged to do their own research before investing in cryptocurrency, as the market is particularly volatile.]