Dash Price Prediction 2024: DASH Price Analysis

Key Takeaways

• Dash’s DASH coin is one of the oldest crypto to have debuted on the market.
• It fell recently and it’s far from its all-time high hit in 2017.
• One price prediction expects it to reach $60.80 in 2025.

One of the oldest cryptocurrency on the market, Dash (DASH), has announced  a partnership with Crypto APIs, a blockchain infrastructure provider and development platform which provides tools to build, scale, and optimize blockchain projects, including blockchain data, blockchain events, nodes-as-a-service, noncustodial wallets, blockchain automation, xPUB sync, and much more.

Crypto APIs recently integrated Dash as a supported blockchain, and we’re happy to have their services available for our partners to use

Dash did not respond to a request for comment.

Let’s take a look at our Dash price predictions, made on July 9 2024. We will also examine the Dash price history and talk a little about what Dash is and what it does.

Dash Price Prediction

Let’s examine some of the Dash price predictions CCN made on July 9, 2024. It is crucial to bear in mind that price forecasts, particularly for a potentially volatile asset like cryptocurrency, often turn out to be inaccurate.

Dash Price Prediction for 2024

If the positive momentum continues and DASH breaks above its moving averages, it could reach targets between $21.21 and $51.92 by the end of 2024, with the average price set at $50.37.

Dash Price Prediction for 2025

Technical analysis suggests a potential increase for Dash in 2025. The minimum DASH price expected for 2025 is $50.91 while the maximum one is $60.80. On the other hand, the average forecast suggests it may reach $58.02.

Dash Price Prediction for 2030

Based on technical analysis, the DASH token may reach a maximum level of $177.32 at the beginning of the next decade, while, in the worst scenario, it may go to $159.80. Meanwhile, the average expected price is $173.54.

Dash Price Analysis

Dash’s price chart is currently painted with a bearish outlook. The currency has been trapped within a downward falling trend channel in the medium to long term. This pattern suggests a steady decline in price momentum, potentially indicating a weakening investor sentiment towards Dash.

Further amplifying the bearish bias is the lack of any significant support levels on the chart. Support levels represent price points where buying pressure typically emerges, preventing further downside. The absence of such levels suggests that the price could continue to fall without encountering immediate buying support.

However, a glimmer of hope exists in the form of a potential resistance level at $25. Resistance levels indicate price points where selling pressure might increase, potentially halting or reversing a price upswing. If the price manages to break above the trend channel and climb towards $25, it might face some resistance from sellers.

The negative sentiment is further emphasized by the negative volume balance. This technical indicator suggests that selling volume is outweighing buying volume in the short term. This imbalance typically signifies a weakening asset and could put further downward pressure on Dash’s price.

In essence, the technical indicators paint a concerning picture for Dash in the near to medium term. The falling trend channel, absent support levels, and negative volume balance all point towards a potential decline. However, the presence of a resistance level at $25.00 offers a potential point of interest for future price movements.

Short Term Dash Price Prediction

The Dash price prediction for the next 24 hours paints a cautiously optimistic picture, expecting DASH to rise by 3%. On the other hand, by August 8, 2024, the price is expected to climb 3.2%, reaching $23.96. However, several factors suggest this might not be the best buying opportunity.

Despite the predicted rise, technical indicators currently signal a bearish sentiment. This means technical analysis suggests a downward trend is more likely in the short term. Additionally, the Fear & Greed Index sits at 27, firmly in “Fear” territory. This indicates broader market anxiety, which could put downward pressure on Dash’s price.

While the prediction suggests a slight increase, it’s important to consider Dash’s recent price behavior. Over the past 30 days, Dash has seen 13 positive days (43%), but with a relatively high volatility of 5.3%. This volatility suggests a back-and-forth price movement that might not translate into a sustained upward trend.

Based on the combination of a modest predicted increase, bearish technical indicators, fearful market sentiment, and recent price volatility, it appears this might not be the most opportune moment to invest in Dash.

Dash Relative Strength Index (RSI): Is DASH Oversold or Undersold?

Dash Price Performance Comparisons

Following that, let’s now take a look at some of the key dates in the Dash price history  . While past performance should never be taken as an indicator of future results, knowing what the coin has done can help give us some very useful context when it comes to either making or interpreting a Dash price prediction.

Dash Market Cap

The market capitalization, or market cap, is the sum of the total number of DASH in circulation multiplied by its price. On July 9, 2024, Dash’s market cap was $279.7 million, making it the 166th-largest crypto by that metric.

Who Owns the Most Dash (DASH)?

On July 9, 2024, one wallet held 2.24% of the supply of Dash.

Richest DASH Wallet Addresses

As of July 9, 2024, the five richest Dash wallet addresses were

• XdAUmwtig27HBG6WfYyHAzP8n6XC9jESEw. This wallet held 422,664 DASH, or 2.24% of the supply.
• XmZQkfLtk3xLtbBMenTdaZMxsUBYAsRz1o. This wallet held 402,032 DASH, or 2.13% of the supply.
• XnT33zjrFKjt3ymfyQZs2FPiKNer3WVj14. This wallet held 203,184 DASH, or 1.08% of the supply.
• XxHbmkDtcUBouKKNLQ8DTgNvGr6Lgf7iY1. This wallet held 138,166 DASH, or 0.73% of the supply.
• XkprrJjsXsPGjboBoFsJAE7HeFXn96QFzZ. This wallet held 120,612 DASH, or 0.64% of the supply.

Dash Supply and Distribution

From the Whitepaper

In its technical documentation or whitepaper , Dash says it “is a cryptocurrency based on Bitcoin, the work of Satoshi Nakamoto, with various improvements such as a twotier incentivized network, known as the Masternode network.

“Included are other improvements such as Darksend, for increasing fungibility and InstantX which allows instant transaction confirmation without a centralized authority.”

Dash (DASH) Explained

How Dash Works

Is Dash a Good Investment?

It is hard to say. The coin has been around for a very long time.

As ever with crypto, you will need to make sure you do your own research before deciding whether or not to invest in Dash.

Will Dash go up or down?

No one can really tell right now. While the Dash crypto price predictions are largely positive, price predictions have a well-earned reputation for being wrong. Keep in mind, too, that prices can, and do, go down as well as up. 

Should I invest in Dash?

Before you decide whether or not to invest in Dash, you will have to do your own research, not only on DASH, but on other, related, coins and tokens such as Ethereum (ETH) and Solana (SOL). Either way, you will also need to make sure that you never invest more money than you can afford to lose.

FAQs

Disclaimer

Please note that the contents of this article are not financial or investing advice. The information provided in this article is the author’s opinion only and should not be considered as offering trading or investing recommendations. We do not make any warranties about the completeness, reliability and accuracy of this information. The cryptocurrency market suffers from high volatility and occasional arbitrary movements. Any investor, trader, or regular crypto users should research multiple viewpoints and be familiar with all local regulations before committing to an investment.

About the Author

Giuseppe Ciccomascolo

Giuseppe Ciccomascolo began his career as an investigative journalist in Italy, where he contributed to both local and national newspapers, focusing on various financial sectors. Upon relocating to London, he worked as an analyst for Fitch's CapitalStructure and later as a Senior Reporter for Alliance News. In 2017, Giuseppe transitioned to covering cryptocurrency-related news, producing documentaries and articles on Bitcoin and other emerging digital currencies. He also played a pivotal role in establishing the academy for a cryptocurrency exchange website. Crypto remained his primary area of interest throughout his tenure as a writer for ThirdFloor.

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