Dash advocates itself as peer-to-peer decentralized electronic cash. It intends to be as liquid as real cash which we use in our respective countries like USD/GBP/EUR/INR or CNY.
It is an instant and semi-private cryptocurrency based off the Bitcoin and Litecoin code base. However, it includes various changes and improvements that have differentiated it since its debut in 2014. The project’s creator, Evan Duffield, built Dash to address three key issues he saw in the existing Bitcoin network: privacy, governance, and transaction speed.
During the first two days after it launched, nearly 1.9 million coins were mined, which is roughly 10 percent of the total supply. Something was definitely wrong.
The bug was found, but there was still the question of what to do with all the coins that were mined during that short period of time. In the end, Dash allowed the recipients to keep the coins, but the bug was fixed so the problem could not occur again. Today, there are about 7.4 million Dash circulated, and the total number of coins in circulation is expected to reach 18 million by the year 2300.
Nodes that want to be masternodes on Dash blockchain must own 1000 DASH, have a static IP, and meet minimum system requirements of CPU, RAM, available disk space, and network bandwidth to become masternodes, which govern the network.
Dash Roadmap 2019
Dash Core v0.14
- Long Living Masternode Quorums
- ChainLocks against 51% attacks
- Bitcoin backports
Dash Core v1.0
- Username based payments
- Decentralized API (DAPI)
- Decentralized data storage
- Development libraries and SDKs
DashPay Wallet MVP
- Connect with contacts
- Pay and receive payments
- Connect with contacts
- Pay and receive payments
General Market Movements and Sentiment Shift
The downfall of altcoins that were mainstream media darlings at the start of the year, DASH among them, can be attributed, in part, to new, naive investors getting scared off once the bear market kicked in with a vengeance. Every resurgence of bitcoin in recent period, was met with the, for the most part, weakened ability of altcoins to rally with it.
Reason for that can be novice investors learning from their mistakes, while smart money that was previously watching from the sidelines has begun to enter into bitcoin.
These entities weren’t about to buy BTC when it was trading at an all-time high, but they’ll take a look now, having missed the boat the first time around. None of them, it seems, are interested in altcoins however, despite the fact that many are trading at a 5x discount. Institutional investors may be cautious, but they’re not foolish.
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Some altcoins will continue to have some speculative value for the foreseeable future. But just like the now infamous tulips, the hysteria will eventually subside. We are already witnessing the first phases of that slide and even though most of the bag holders react emotionally to articles that criticize their coins, these observations are not opinionated but based on the developments on the market. You better start emotionally detaching yourself from your “great sounding” coin because if goes nowhere, ideas are worthless without execution and real users that see value in the project.
2018 was a very interesting year overall for the broader DLT community, “ICO projects” came and burst in a spectacular, fireworks similar fashion.
While the mass death of barely-alive-in-the-first-place projects causes some uncertainty and skepticism among the newcomers, it is something veterans and pioneers of this space have been longing for.
In order for DLT to become established, we need quality over quantity, we need convergence on standards and consolidation of communities to bring to life what we’ve been working on for years. With less noise, 2019 will act as a Darwinian selection mechanism, much like that of which the IT companies post-dotCom Bubble experienced.
This is a good thing and absolutely necessary for the real maturation of the space.
Our DASH Token Price Prediction for 2019
DASH, as the rest of the market, is tied at the hip of bitcoin’s price action. If bitcoin embarks on another bull run, DASH can hope for one as well. Since that is very unlikely, don’t expect much to change for DASH price-wise in this year. So 2019 will be a year of boring sideways action with minor bitcoin ignited jumps and slumps.
The main currency in cryptocurrency markets is Bitcoin and given this, altcoins tend to fuel Bitcoin runs and Bitcoin tends to do the same in return. Given this relationship, Bitcoin price movements (or lack thereof) tend to effect altcoin prices.
When Bitcoin goes up swiftly, it will likely:
- Suppress or depress altcoins as money flows into Bitcoin;
- Or, take altcoins along for the ride
In cases when Bitcoin plunges, it will likely:
- Depress altcoins as money flows into fiat;
- Or, cause altcoins to boom as money flows into them, but this is rarely the case.
When Bitcoin moves sideways, it will likely:
- Cause altcoins to mimic that as traders wait for a clear sign on the direction of the market;
- Or, cause altcoins to flourish as traders look for returns in altcoins and try to get favorable trades in terms of BTC pairs.
To summarize, Bitcoin is the focal point of the crypto market in many ways, and with BTC trading pairs on every exchange, the gravity of Bitcoin is hard to evade.
Overall, the price change of any altcoin token is explained by the dynamics of the bitcoin-influenced market. However, there are also fundamental reasons for the individual token rise and fall in price, which can be pinned down to a big tech upgrade or more often, big partnership.
The majority of projects will fail — some startups are created just to gather funds and disappear, some would not handle the competition, but most are just ideas that look good on paper, but in reality, are useless for the market.
Vitalik Buterin, co-founder of Ethereum said:
“There are some good ideas, there are a lot of very bad ideas, and there are a lot of very, very bad ideas, and quite a few scams as well”
Dash Coin (DASH) Future Outlook
However, not all projects have the same chance of failing (risk), nor do they have the same potential upside (reward).
As a result of ICO teams’ incompetence and lack of integrity, fueled by basic human instinct that is greed and crypto investors’ naivety, over 95% of successful ICOs and cryptocurrency projects will fail and their investors will lose money. The other 5% of projects will become the new Apple, Google or Alibaba in the cryptoindustry. Will DASH be among those 5%?
Very hard to predict that but we are inclined to say no; for two reasons.
First, as a privacy coin, DASH will inevitably be under increased scrutiny of regulators worldwide that will threaten its existence.
Second, within the realm of privacy coins, Dash is not the top gun as their blockchain and PrivateSend design are inferior to Monero’s privacy functions.
Dash governance model is unique among the top currencies. Critics say the dash model artificially restricts supply with misaligned incentives since node operators and miners share fractional profits. Plus, it is far more expensive to operate a full dash node, called a master node, than a bitcoin node. Some say this hinders the network’s decentralization.
Dash actually offers one particular privacy feature, called Private Send. The Private Send feature is conveniently offered in a drop-down menu of the Dash Core full node client and in other Dash wallets. Private Send is really an implementation of CoinJoin, the privacy solution first proposed for Bitcoin by Bitcoin Core developer Gregory Maxwell.
Like any CoinJoin solution, Private Send does require someone to construct the CoinJoin transaction. This is done using Dash’s masternode system.
This means that Dash users must trust the masternodes with their privacy. After all, the mixing masternodes can link the sending and receiving addresses together; they know exactly which coins are going where. If these masternodes are run by spies or share their information with spies (on purpose or by accident), the Dash users gain less than nothing.
Considering that Monero’s privacy solution is much more bulletproof, Dash is losing the battle for its core purpose.
All of this summed up means one thing: DASH might live through couple of orchestrated and, for a regular trader, completely unpredictable pumps but the majority of time will be murky sideways trading with small volume and no significant interest from the market.
Price will heavily depend on what BTC will do and since many analysts think BTC will not be making big moves in this year, it is hard to expect DASH will do them either. The price will probably stagnate and record slow-moving depreciation or appreciation depending on the team activity, potential technological breakthrough or high-level partnership.
Market prediction for Dash – DASH Price 2019
With the market being completely unpredictable, forecasting the cryptocurrency price is really more of a gamble and luck rather than a data driven guesstimate.
Let’s throw a glance at the eminent publications and personalities, and their predictions regarding the DASH price, which will give us another point of view to consider:
Cryptoground.com is cryptocurrecy prediction algorithm that is moderately to overly bullish on most of coins, similarly on DASH token as well. They forecast DASH to climb up to $203 per token by EOY, which means a 2.3x increase in comparison to the current price.
Walletinvestor is a popular website that does technical analysis-based price predictions of various cryptocurrencies and traditionally has a skeptical outlook for most coins, but especially for DASH. According to them, DASH is expected to sink by more than 4x – from the current $93 to $22 by the end of the year.
Trading beasts is on a diametrically opposite side of Walletinvestor and sees a much more bullish future for Dash token. Their algo forecasts that DASH can ascend to around $371 within a year which means it will essentially grow 4x in value in the next year.
Another crypto prediction algorithm that is most conservative in its approach of the 4 we enumerated here – DCP usually predicts price to hover around the same level as the current state, forecasting a twofold increase or reduction for certain coins. DASH is on the bullish side of their algo that sees it reaching $171 per coin by December 2019.
Dash Coin Future: 2020, 2023, 2025
DASH Price Prediction 2020
DASH Price Prediction 2023
DASH Price Prediction 2025
Realistic DASH Price Prediction
We don’t yet know which crypocurrencies will make it out of the crypto winter we’re wandering in right now. There are plenty of coins that stand a good chance of weathering the crypto storm and perhaps becoming more relevant as the market contracts and devours some of the weaker projects. However, there are even more of those projects who are already dead but no one noticed yet.
But, looking at things from this point in time and place, it’s reasonable to say that Dash is standing in a better position than many of other coins but not as good as some of its direct competitors. The jury is still out on DigitalCash’s future.
CaptainAltcoin's writers and guest post authors may or may not have a vested interest in any of the mentioned projects and businesses. None of the content on CaptainAltcoin is investment advice nor is it a replacement for advice from a certified financial planner. The views expressed in this article are those of the author and do not necessarily reflect the official policy or position of CaptainAltcoin.com