Dash is a cryptocurrency created in 2014 by Evan Duffield. In its early days, Dash was known as Xcoin, then Darkcoin, and later rebranded to Dash (stands for digital cash).
Dash wants to offer a payment currency for day-to-day use, with fast transactions and near-zero fees. A growing number of merchants across the globe accept DASH payments.
Dash price charts show that Dash (DASH) traded at a low of $0.2 in February 2014 before shooting to an all-time of $1,642 in December 2017. Although prices have shrunk significantly, Dash ranks as one of the top cryptocurrencies in the world. Coinmarketcap currently has it as the 16th largest cryptocurrency by market capitalization.
7 Days Change
You can buy Dash (DASH) in several ways, but the easiest is to open an account with a cryptocurrency exchange or brokerage firm. When buying cryptocurrencies, the advice is to use established and regulated platforms.
On January 23, 2019, Juan Guaido declared himself the rightfully elected president of Venezuela. Over 50 countries around the world recognized Guaido, but Nicholas Maduro stayed put as president. The economic meltdown crippling Venezuela hits another gear as 2019 passes with two “presidents” in power.
Venezuela’s oil sector collapsed; biting sanctions took their toll and hyperinflation battered the national currency. Venezuela’s growing humanitarian crisis took its toll on the people.
But what Venezuelans living abroad and at home did was unexpected. They turned to cryptocurrencies, mainly Bitcoin at first, but then the focus shifted to the more affordable Dash. The number of Bitcoin transactions on LocalBitcoins exploded, and continues to in 2020, and Dash follows in its wake.
Dash (DASH), has become a preferred cryptocurrency for many. As such, most forecasts for Dash price prediction 2020 tie future price increases to increased Dash adoption in Venezuela and other locations. Recent upticks in DASH prices on the market suggest as much.
Comparing cryptocurrencies with other investments shows that crypto outperformed many traditional assets in the market in 2019. Dash (DASH) is one of those assets. But how does DASH compare with GBP, USD, and Bitcoin?
The value of Dash in Pounds today is £93.09 (Jan 30th, 2020), meaning you need £93.09 GBP to buy 1 DASH Coin. According to Dash price live charts, the cryptocurrency is just under a percent up on the day against the UK currency.
At 1.307, the Pound is +6% against the Dollar over 100 days. The GBP/USD pair was 1.281 at the time. In that period, Dash has gained over 140% in 30 days and more than 35% in three months.
The DASH/USD Dash Price chart has the value of Dash in U.S. Dollars as $99.16 at the time of writing. The token is -2.2% against the U.S. national currency in the past 24 hours. Dash has struggled against the USD in the last 7 days with prices sliding 16.4%. However, DASH is more than 129% up on the U.S. Dollar in the last 30 days and more than 55% since November. Over the past year, DASH’s price has grown 38.6% against the U.S Dollar.
Bitcoin is the most popular cryptocurrency in the world and has become a great store of value. Dash, on the other hand, is emerging as a preferred currency around the world, with its use in Venezuela driving adoption. Unlike Bitcoin whose transactions take too long to confirm, Dash only seconds.
If we look at the market, Bitcoin’s price of $8,400 at the time of writing, means that its current price is 130% up on what it was at the start of last January. DASH price is $99 at this time, meaning it’s 37% up on its January 2019 prices.
But DASH has gained over 140% in the last 30 days and more than 35% since last November. Bitcoin’s performance over the same period is 14% and -11% respectively.
The Dash price chart (all time) shows that DASH prices rose to an all-time high during the 2017 crypto market boom. While it hasn’t reached those heights again, DASH performances in recent months are indicative of its potential.
Is Dash a good investment asset today? Dash price prediction and forecast 2020 shows that Dash could rally to a new price level by the end of the year. You could also be asking how future Dash prices will compare to fiat currencies. DASH rose over 140% in January 2020 alone. As such, buying Dash might be profitable, even with risks of volatility taken into account.
Global currencies like the GBP and the USD could remain dominant in the market medium-term. However, crypto features like privacy, decentralization, speed, and near-zero transactions make for positive factors that could help with long-term mass adoption. Already, in countries where hyperinflation or economic turmoil renders fiat currencies worthless, people prefer DASH.
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