DASH Price Outlook: Consistency Be Thy Name
Markets

DASH Price Outlook: Consistency Be Thy Name

DASH Price Outlook: Consistency Be Thy Name

The price of Dash (DASH) is one that’s been fairly consistent since 2014. If we exclude the unexpected surge that caused all cryptos to spike in 2017, the DASH price chart features a number of straight lines. Indeed, for much of 2016, the price hovered around the $10 mark.

As of September 12, the DASH price live tracker was showing a value of $178.11. From this point, if we go back one month, the price of DASH has actually crept up from $165. While that’s clearly an increase, it’s not a huge spike. What it is, however, is another example of a fairly consistent trend.

We’re not saying that DASH coins are impervious to massive fluctuations. However, what’s clear from the price of DASH in dollars over the last few years is that it’s a fairly stable asset. Does that mean it will always be that way? Certainly not. However, investors can only look at trends and there’s a case here for DASH being one of the more consistent performers in the cryptocurrency market.

Short-Term Dash Price Predictions

Although consistency appears to be a defining factor of the DASH price charts, short-term swings are clearly possible. In the last month, the price has improved by more than $10. One of the main reasons for this is the economic issues in Venezuela. With the government releasing a new currency to tackle hyperinflation, many residents are turning to DASH as a more stable coin. This increased usage has buoyed the price of DASH and, in our opinion, will continue to do so in the coming weeks.

Mass adoption by a single country is always beneficial. When Japan became a hub for Bitcoin mining, the price of BTC soared. However, the flipside is that prices can tumble once interest wains. If Venezuela can sort out its currency troubles, DASH may become less useful and the price could drop. However, in the short-term, look for more gains because of this.

Long-Term Dash Price Predictions

long term Dash/USD price chart
long term Dash/USD price chart

Looking into the future, it’s likely to be much of the same for DASH. Innovations such as DashDonates are making it easier to spend the blockchain’s token. However, these types of moves aren’t nearly as high-profile as Ripple’s links with American Express et al. Another reason the price of DASH will probably always be solid but not mind-blowing is the fact it’s a non-profit organization. Unlike other projects that are actively seeking investments and business partners, DASH is more interested in the evolution of its own technology.

That’s certainly worthwhile, but it’s not conducive to massive price spikes. Based on this, it’s likely DASH will continue to trundle along a fairly even path. Yes, we’ll see DASH price fluctuations in the short-term. However, in general, the trend lines will straighten out in the long-term, albeit while moving in a positive direction.

*Information in this article is not intended as investment advice.

Leave a reply

0 Comments

There are no comments on this post.

Risk Warning: Investing in digital currencies, stocks, shares and other securities, commodities, currencies and other derivative investment products (e.g. contracts for difference (“CFDs”) is speculative and carries a high level of risk. Each investment is unique and involves unique risks.

CFDs and other derivatives are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how an investment works and whether you can afford to take the high risk of losing your money.

Cryptocurrencies can fluctuate widely in prices and are, therefore, not appropriate for all investors. Trading cryptocurrencies is not supervised by any EU regulatory framework. Past performance does not guarantee future results. Any trading history presented is less than 5 years old unless otherwise stated and may not suffice as a basis for investment decisions. Your capital is at risk.

When trading in stocks your capital is at risk.

Past performance is not an indication of future results. Trading history presented is less than 5 years old unless otherwise stated and may not suffice as a basis for investment decisions. Prices may go down as well as up, prices can fluctuate widely, you may be exposed to currency exchange rate fluctuations and you may lose all of or more than the amount you invest. Investing is not suitable for everyone; ensure that you have fully understood the risks and legalities involved. If you are unsure, seek independent financial, legal, tax and/or accounting advice. This website does not provide investment, financial, legal, tax or accounting advice. Some links are affiliate links. For more information please read our full risk warning and disclaimer.