Entering July, it’s time to analyze how the crypto market will perform in the second half of 2019. Today, especially, we want to analyze DASH coin’s performance in the crypto market and look at the DASH Price Prediction. However, before we continue, let’s take a look about DASH coin and how it works.
What Is DASH?
DASH is one of the most popular forks of bitcoin. It’s one of the top altcoins and it is well known for its privacy feature. Along with Monero and Zcash, DASH is the face of privacy coins in the market. DASH currency promises untraceable transactions. Its popularity is well-known across the world, including in South America like Venezuela. DASH was created in January 2014 by Evan Duffield as a fork of Bitcoin.
DASH believers often champion this coin as one of the most original privacy coins and they often praise the DAO (decentralized autonomous organization) in the system as well. Basically, a DAO is an organization of a group of people where they communicate with each other via a network protocol. Within DASH, the DAO is being run by a subset of users and they call it master nodes. Master nodes in the DASH ecosystem can govern the system by voting on different proposals. You need 1000 DASH and certain requirements for the hardware if you want to become a master node.
DASH Transaction Features
DASH has two great transaction features. They are called PrivateSend and InstantSend. PrivateSend basically means you can send the transaction privately and the public won’t be able to trace back the transaction to the sender’s wallet address. InstantSend, on the other hand, is not anonymous but it offers very fast transaction with very low transaction fees. These two great features are the reasons why many crypto traders put their faith in Dash.
Where Is DASH On The Crypto Market Today?
At the time of this writing, DASH is currently trading at ~$151. DASH has been doing well against USD in the first 6 months of 2019. However, we must also understand that many top cryptocurrencies also have been doing well this year. The rise in price against USD is not exclusive to DASH alone. Litecoin, NEO, Ethereum, and many other top altcoins have been rising against USD as well. One thing to keep in mind is that cryptocurrency whale traders often pump bitcoin by sacrificing their altcoin holdings. DASH is not an exception here.
Since the beginning of April, DASH’s valuation against BTC has been steadily decreasing while BTC itself has been generally pumping against USD. Bitcoin market dominance against altcoins is really high at the moment.
DASH Price Prediction (July 2019):
DASH’s price fluctuation depends on how crypto traders see the whole market. Apart of random intraday pumps that might happen occasionally, it’s unlikely for DASH to bounce back against BTC independently unless if whale trades decide to enter the altcoin season (altcoin season is an event where big traders in cryptocurrency market dump their bitcoins to pump altcoins). In other words, DASH’s valuation against BTC will be dependent on the overall crypto traders’ optimism on altcoins. Regarding its USD valuation, DASH might keep pumping as cryptocurrency total market cap keeps growing in 2019.
This month is an interesting month because it’s the first month of the second half of 2019. Many cryptocurrency traders believe this month will be a consolidation month after a series of bullish months. However, some cryptocurrency traders also believe bitcoin might finally break its previous 2019’s high before the end of the month. If the cryptocurrency market continues its optimism and keeps on pumping, DASH will indirectly benefit from the market. Considering DASH is one of the top altcoins, it’s highly likely that DASH’s bullish and bearish movements will be greatly affected by the market confidence toward the whole altcoins market itself.
DASH Price Prediction: Upcoming Events
If you are wondering about upcoming events related to DASH, there’s no any nearby event that might affect DASH price independently from other cryptocurrencies. DASH might consolidate a little bit but eventually DASH should break this year’s high (at ~$189.5). Nobody knows if it will happen this month or few months from now. But, one thing for sure, the long-term outlook is great for DASH. Many cryptocurrency traders believe the market generally moves in one direction every year.
For example, 2018 was a bearish year and thus it kept going down despite the same year had several bullish months. 2017 was the exact opposite. It was a bullish year despite we had several bad months. It’s not impossible we will have the same market condition this year. DASH and many other cryptocurrencies have been pumping from January to June 2019 so it might keep pumping. You simply need to be careful with upcoming bearish months as they will eventually happen before another series of bullish months.
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