Dash Price Graph – Real-time DASH rate
Dash Price Live Performance Indicators
Dash Price Summary
Dash is one of the earliest forks of Litecoin and ranks 64th in the market, according to Coingecko. It is an open-source blockchain and cryptocurrency designed to offer a fast, cheap, global and decentralised payments network. As per the project's whitepaper, Dash wants to enable faster transactions and stronger privacy.
Dash has performed well over the past few months. It was trading at $87 per coin at the beginning of 2021 and rallied to a yearly high of $408 on 8th May. However, with the bearish cycle now in progress, DASH has dropped to the $150 sub-level.
Dash is one of the cryptocurrencies that didn't reach a new all-time high in this current campaign. It was previously one of the top 20 cryptocurrencies by market cap, but it hasn't performed excellently in recent years, and this led to other cryptocurrencies overtaking it. Despite that, DASH is up by over 70% year-to-date. If you are interested in this cryptocurrency, then we advise staying up to date with its price performance. Knowing how DASH is performing will make it easier for you to make informed investment decisions.
Dash Price History
Dash is one of the earliest Litecoin forks, and it was created in 2014. Over the past few years, Dash has added new features to its network including masternodes, decentralised project governance, InstantSend, ChainLocks and PrivateSend. These features have made DASH one of the cryptocurrencies that have gained adoption and reputation as payment cryptos.
When DASH began trading on 13th February 2014, it was trading at $0.2 per coin. It slowly rose and surpassed the $2 mark before the end of that year.
The ascension continued in 2016, with DASH price crossing $10 despite the bear market in play at the time. Dash's rally picked up steam in 2017, at a time when the broader market was also on a bull run. In January 2017, DASH was trading at $14 per coin but raced past the $300 mark by September.
The rally grew even bigger, reaching an all-time high of $1,493 on 20th December 2017. This represents a 72,600% increase in price from the day it launched, making it one of the best-performing cryptocurrencies at the time.
The bear market dominated 2018 and 2019, causing DASH to trade below $50 for the most part. However, the bull run resumed in 2020, and DASH went on to cross the $100 mark and stayed there ever since. Its 2021 high is $408, and it reached that level on 8th May.
Dash Price Prediction
A key feature of cryptocurrencies is the volatility of their prices. A cryptocurrency's price can rally by more than 20% within 24 hours. It is this volatility that provides the numerous profitable opportunities in the market. It also presents certain risks if adequate research is not done. We advise investors to integrate risk management techniques when conducting the probability-based predictions.
Dash has several upgrades slated for the second and third quarters of 2021. Most of the upgrades are for the Dash platform. Since there is no major upgrade coming to the network, DASH's performance might be tied to the broader cryptocurrency market. If the cryptocurrency market embarks on another bull run before the end of the year or next year, DASH could look to rally past the $200 mark after defending the $100 sub-level for the past few months. A continuation of this bearish cycle might not be good for DASH as it could limit its chances of setting a new all-time high for a while.
Expert Tip on the Price of DASH“ Dash is no longer one of the top 50 cryptocurrencies by market cap and its performance this year is poor compared to some of the other leading cryptos. There is no major adoption news or upgrades coming to the network at the moment. To properly predict DASH's price, we have to do so using both technical and fundamental analyses. With fundamental analyses, we will have to follow the latest news on Dash and its roadmap events. Technical analysis involves the use of trading indicators and tools like the Fibonacci levels, the RSI (Relative Strength Index) and the MACD line (Moving Average Convergence Divergence) can be used to predict the cryptocurrency's price movement. ”- Hassan Maishera
Similar to Litecoin, DASH seeks to improve upon Bitcoin (BTC) by offering stronger privacy and faster transactions. Dash was coined from the words "digital cash." Over the past few years, Dash has integrated numerous upgrades that would make it an excellent payments cryptocurrency. The Dash development team integrated features such as a two-tier network with incentivised nodes, InstantSend, ChainLocks, PrivateSend and more. All these features are designed to make Dash a payment cryptocurrency with faster transaction time and stronger privacy for the users. Despite its recent performances, DASH is still accepted as a payment option for goods and services by thousands of merchants globally.
Dash Value Compared to Other Cryptocurrencies
Frequently Asked Questions
Dash has been one of the best-performing cryptocurrencies over the past few years. Its price is up by over 72,600% from the time it was launched. At the time, DASH was trading at $0.2 per coin, and it rose to its all-time high of $1,493 in December 2017. It is now trading above $150 per coin.
No, there are other Litecoin forks. Some of them include Monacoin, Feathercoin, Junkcoin and Dash Cash. However, Dash remains the most popular Litecoin fork.
As a fork of Litecoin, Dash shares certain similarities with Bitcoin. Similar to Litecoin, Dash is focused on improving some of Bitcoin's inadequacies by providing faster transaction speed and stronger privacy.
Yes, Dash has been forked to create the PIVX cryptocurrency. Some people tag Dash as a fork of Bitcoin, but that is false. Dash is a fork of Litecoin, which shares similar features with Bitcoin.
Cryptocurrencies are naturally volatile, and this feature shouldn't deter an investor from entering the market. While volatility generates numerous profitable opportunities in the market, we recommend conducting fundamental and technical analyses on Dash before you decide to buy.