- Bullish DASH price prediction 2021 ranges from $417 to $619.
- DASH price might also reach $1,500 soon.
- DASH bearish market price prediction for 2021 is $9.95.
This Dash Price Prediction 2021 article is based on technical analysis alone. Below, you will see the key metrics that we have taken into consideration upon coming up with our DASH price analysis and prediction.
As many cryptocurrencies appear to be moving sideways lately, we take note of other altcoins that have high potential. Others claim that Bitcoin and major currencies are merely taking dips at the moment; nothing more. However, others are looking for other alternatives that have high-profit potential and one of these is Dash.
For those who have been in the crypto community for a long time, Dash is a familiar name. It has joined the rest of the altcoins in rallying during the last alt season but today is a blank page. Will it become one of the best cryptocurrencies to invest in 2021? Will it join the top ten cryptocurrencies in 2021 as well?
Before we proceed to those questions, let us first know what Dash is.
What Is Dash?
Dash is a cryptocurrency that functions similarly to Bitcoin. In fact, Dash’s blockchain forked off from Bitcoin’s. Created in 2014, Dash initially took the name Darkcoin, suggesting anonymity and privacy for its transactions.
Over the years, Dash diverted its focus from providing anonymous transactions to speed and efficiency. Hence, the name Dash is created.
According to its website, Dash is popularly used globally as a more practical alternative to cash or credit cards. This is due to its low fees and fast transactions.
Dash has been consistently on the top 100 list for years. It has an all-time high (ATH) price of $1,493.59 per coin, according to CoinGecko.
Now that we know what Dash is let us discuss whether DASH is a good cryptocurrency to invest in 2021. Let’s head to our chart in this Dash price analysis.
DASH Current Market Status
As of the time of writing this Dash price analysis, DASH trades at $296 with a 24-hour trading volume of $1.746 billion. The price of DASH has decreased by 5.1% in the last 24 hours.
Furthermore, DASH has a current circulating supply of 10,089,862 DASH. Currently, the top cryptocurrency exchanges for DASH are Binance, Huobi Global, ZBG, OKEx, and FTX.
Now, let’s proceed to the next part of this DASH technical analysis for 2021.
DASH Price Analysis
Currently, Dash holds 49th place on CoinGecko. But will the latest upgrades, developments, and changes in the DASH blockchain help the cryptocurrency price to reach higher? Let’s proceed to the charts in this DASH price prediction article.
In the chart above, which is set in a daily time frame, we can see the Symmetrical Triangle pattern. This pattern indicates a period of consolidation that may push to a price breakout or breakdown. A breakdown from the lower trendline indicates the starting of a new bearish trend. In contrast, a breakout from the upper trendline shows the start of a new bullish trend.
As shown above, at the beginning of this month, DASH turned from its bear to bull trend. This is the result of the high trade volume that happened in that period.
The Relative Strength Index (RSI) is at a neutral level, which means that DASH is either oversold or overbought. Hence, traders and investors can trade with confidence without worrying about any major price reversal.
Therefore, traders must trade crypto carefully and must not be affected by the market hype. Keeping all this in mind, traders can be aware and move away from unexpected losses due to the crypto market’s wild swings.
Let us also look at the Simple Moving Average (SMA) and the Exponential Moving Average (EMA) of DASH.
Since the start of 2021, DASH’s price has seen many bullish moves which are higher than the previous one. More so, these are followed by fluctuations, consolidation, and corrections right away. Taking this into consideration, DASH has a competitive market this 2021.
DASH Price Prediction 2021
The chart below shows that DASH has performed great over the past few days. If this trend continues, Dash might run along with the bulls, overtaking its $619 resistance level and climb higher.
Conversely, if the investors turn against the crypto, the bears might take over and dethrone DASH from its uptrend position. In simpler terms, the price of DASH might plummet to almost $9.95, a bearish signal.
Meanwhile, our long-term DASH price prediction 2021 is bullish. This year, it has a high possibility of surpassing its current all-time-high (ATH) at about $1,493.59. However, that will only happen if it breaks many previous psychological resistances.
Dash has a bright future ahead of it in 2021. With the ongoing developments happening within the DASH ecosystem, as well as in the overall crypto market, we may see DASH reach new heights.
Bullish DASH price prediction 2021 is $619. It may even reach over $1,500 if investors have decided that DASH is a good investment in 2021, along with mainstream cryptocurrencies like Bitcoin and Ethereum.
Dash is a cryptocurrency that functions similarly to Bitcoin created in 2014. In fact, Dash’s blockchain forked off from Bitcoin’s.
Users can obtain DASH coins by purchasing them from cryptocurrency exchanges such as Binance, or Huobi Global.
DASH is a good investment in 2021. Moreover, DASH has a high possibility of surpassing its current ATH at about $1,493.59 this year.
Disclaimer: The views and opinions expressed in this article are solely the author’s and do not necessarily reflect the views of CoinQuora. No information in this article should be interpreted as investment advice. CoinQuora encourages all users to do their own research before investing in cryptocurrencies.