There are many ambitious and talented programmers, visionaries, promoters and niche professionals in both the world and the cryptocurrency community who try to put their abilities to work by doing something useful every day. However, only a small percentage of new cryptocurrency projects end up succeeding. In this article, we'll review the Dash blockchain and cryptocurrency, one of the most successful projects on the market.

Although Dash is a twin of Bitcoin, that doesn't stop it from being among the top 30 cryptocurrencies by market cap. Its well-developed network, significant transaction protection and efficient money distribution among market participants provide great potential for continuing to develop the project. These raise some reasonable questions, such as 'what is Dash?', 'does Dash have a future?', and what Dash price predictions, the project's fundamentals and experts' price forecasts look like. In this article, we'll try to deal with the most pressing questions.

Dash's origin

The cryptocurrency Dash was created and developed back in 2014 by Evan Duffield. It was officially released in 2015 based on the Dash Core DAO, which was founded by Duffield. Initially, the cryptocurrency bore the gloomy and not quite fitting name DarkCoin. However, Duffield soon decided to change its name to XCoin, although that didn't last long, either. Finally, the decision was made to play with the phrase 'DASH' and 'Dark Cash'. Today, this name is deciphered as 'Digital Cash', but most users like the idea of a 'dark currency'.

Dash's history is closely related to Bitcoin's. Duffield wanted to make adjustments to Bitcoin by fixing apparent problems, but his ideas were met with a cold reception by the community. Eventually, Duffield came up with the idea of launching a real competitor to the crypto giant. Reviewing his work on the new cryptocurrency, Duffield emphasised the new technology's privacy and security. He was well aware of Bitcoin's security gaps, which became a catalyst for introducing a new data processing system. Using Bitcoin's source code, Duffield created an entirely new cryptographic solution.

Indeed, Dash represents a straight fork of Bitcoin. Despite a similar kernel, the new cryptocurrency differs significantly from its counterpart. Dash ceased to be associated with Bitcoin a long time ago for most users, who see the former as its own cryptocurrency. Within two days of Dash's appearance, about 2 million coins were mined, about 10% of the total volume available at the time. A bug was found in the algorithm that allowed instant Dash mining, sparking an influx of coins that led to heated discussions in the cryptocurrency community from both amateurs and big investors. The coin's creator seriously considered restarting the network, but market users managed to dissuade Duffield. The mined tokens quickly dispersed at a low cost, and the market situation stabilised.

Dash's entire formation can be roughly divided into three stages:

• Evan Duffield launched the currency 2014-2015, which was first called XCoin. During this period, a significant bug in the programme code was discovered that caused a massive boom in coin mining (and many emotions among users). The bug was immediately fixed.

• After the fixes were made, the development team led by Evan (there were several of them at the time) decided to rename the cryptocurrency. Due to users' negative emotions and the new crypto association with a failed launch, the name was changed to DarkCoin. But that name didn't bring any success either. Most investors compared the coin to the darknet and were wary of investing.

• The last change anchored Dash as the cryptocurrency's name. In March 2015, Dash was taken seriously, which allowed the crypto to stabilise on the market.

The renaming decision allowed Duffield to gain a foothold in Dash's market. From that moment on, its capitalisation began to grow steadily.

What is Dash (DASH)?

Dash is a blockchain and cryptocurrency with a high level of security and privacy. Initially, Dash was not planned as an independent crypto coin. It was an alternative to Bitcoin and, more specifically, an improvement to its security. As a truly decentralised cryptocurrency, it had no master regulator. The idea underlying Dash is parity among all users, eliminating the influence of the coin's enormous mining capacity.

Decentralisation doesn't end there. Evan Duffield created a cryptocurrency and a full-fledged payment service available to everyone on the network. Regardless of their rank, any user can contribute ideas about its development and take part in initiatives. The concept of a decentralised autonomous organisation (DAO) is fully implemented on this platform.

Regular miners handle currency issuance; there are no other ways of entry. There are no long transactions when it comes to Dash, unlike with Bitcoin. The system doesn't get bogged down with customer identification and verification. Transfers occur lightning-fast with full support for customer privacy. Dash owes these features to its predecessor, Bitcoin. Its blockchain is significantly refined in terms of security. To learn more about What blockchain is in simple terms, please read our blog.

Dash's algorithm is based on the Darksend engine. It makes it possible to ensure confidentiality without involving secondary resources. Dash is convenient to use for everyday transfers and payments. A huge plus for the client is the absence of identity confirmation. By sending money, the user is considered automatically verified. The system autonomously verifies the user's authenticity and determines the best way to make a transaction with minimum human involvement. This resulted in an agreement with the online payment service Wirex. Dash is integrated into the system, which means it has full access to Visa's various card services worldwide.

How Dash (DASH) works

Dash blockchain is built on Bitcoin's software core, incorporating its concept and way of implementation. But beyond these, Dash has several customised solutions that define the coin's advantages. When transactions are processed, participants are not involved in verifying the transaction's validity, which significantly reduces the load on the system. Masternodes take over this function.

Masternodes play an important role in the system. They are integral to Dash's stability, synchronise user operations and distribute information among all participants. Thanks to the work masternodes do, Dash boasts a high level of decentralisation. Moreover, the cryptocurrency's management offers any user to become an official representative of one of the network's masternodes and receive additional remuneration.

The conditions are simple: to become a masternode, a client must have more than 1,000 coins in their account. In this case, the user will start earning income from mining. The reward will depend on how many people are currently engaged in such services overall.

When conducting transfers, clients rely on the transaction's complete confidentiality. The encryption system prevents personal information from seeping into the network's open section. Moreover, senders' and recipients' addresses are mixed in the transaction flow, making them impossible to trace.

A large number of electronic wallets have been developed for Dash crypto. They provide reliable storage for funds, keep clients from having to get involved in the transaction's work and are easy to use. If you're looking to get a secure wallet, be sure to first read our blog on the best hardware wallets.

Dash is comparable to conventional fiat money in terms of complexity. No additional operations are required during a transfer; everything is simple, reliable and, most importantly, secure. Many mobile apps have also been developed for Dash that support full hardware encryption and transaction speed.

Dash's advantages

Dash's primary function is to provide maximum transaction protection and privacy. On the other hand, Bitcoin offers only partial client secrecy, which inspired Dash's creators. Here are this cryptocurrency's main advantages:

• Decentralisation. Clients manage their funds without intermediaries. Project participants discuss and take all decisions concerning this currency. There are no hidden leaders who determine the fate of the crypto asset outside of the open community.

• Confidentiality. This parameter is crucial to participants. Transactions with Dash are confidential, and no one can figure out the identity of the client. At least, that's what the developers claim.

• Accessibility to everyone. All you need to start using Dash is an Internet connection.

• Inflation resistance. The number of coins is regulated by the algorithm and the network's internal arrangement. This increases the asset's stability, making it protected from the interference of large volumes.

Dash's executives are well-known personalities in the cryptocurrency world. However, they are not assigned a key role in decision-making. Instead, market participants — or nodes — have an equal say on development issues. For 5 Dash coins, you can offer your own project development strategy. It's worth noting that Dash is a two-tier system, which is a significant difference from Bitcoin. In peer-to-peer Bitcoin, agreements are reached by peer systems participating in the system's overall operation. This function's implementation lies in the Proof-of-Work algorithm. Dash works on similar principles.

But remember that Dash cryptocurrency has a second rank reserved for masternodes who implement many useful add-ons, such as InstantSend and PrivateSend.

The amount of money mined is divided according to the following scheme: 45% goes to miners, 45% goes to masternodes, and 10% goes to the overall platform's development. The PrivateSend function is one of the platform's main features. The CoinJoin engine is used to implement this transaction method. PrivateSend masks payments by mixing them in one volume. Such unique solutions have a positive impact on Dash value predictions.

Dash holds the most decentralised crypto status through decentralised API (DAPI). It is fully open code, in which experts can create their own wallets and software to interact with the platform. Masternodes provide DAPI operations to verify transactions without slowing data processing speed.

Dash (DASH) price analysis

Dash (DASH) is ranked 78th among cryptocurrencies by market capitalisation at $968,176,321. Currently, 10,708,286.05 of Dash's 18,900,000 supply is in circulation, meaning over half of the tokens' maximum number has already been mined. One Dash token is worth $90.41. Here's an overview of Dash (DASH):

Dash (DASH) price history

In 2014, when the Dash token first appeared on the cryptocurrency market, it was worth only $0.27. Shortly after launch, the price rose to $2-3, and there were no significant changes in the price chart for nearly three years. Since March 2017, the price has steadily increased thanks to higher adoption rates and large investments.

During the famous 2017-2018 cryptocurrency bull run, Dash's price peaked in December 2017 with an all-time high of $1,642, followed by a slight decline in price. Later in January 2018, however, there was another big jump when Dash reached $1,285.50. Since then, the coin has seen a general downtrend. The Dash price prediction for 2018 couldn't have foreseen how brutal the coin's fate would be, ending the year at $66.

Dash (DASH) price prediction 2019

Observing the Dash coin 2019 price prediction, we can conclude that it was a very tough year. Opening Q1 at $80, the price dropped to the $66 support level, where strong buyers finally stepped in and pushed the price to the range high of $178 by late May. From there, Dash tried to break through resistance at $180 but failed, the last attempt was undertaken on 27 June, and the asset started trending down from there. The rest of the year was bearish for Dash crypto, seeing slight bounces here and there. The asset's price plunged to $38 by 27 December.

Dash (DASH) price prediction 2020

Dash opened 2020 on a positive note, with its price surging from $40 to $140 on 15 January, tripling gains for Dash dip buyers. However, the asset's growth was stopped by one of the biggest shocks the cryptocurrency market had ever experienced. On 15 February, Dash began to lose value, plunging to $40 on 13 March. Dash quickly bounced back by making a slight wick below the critical support level, leaving its annual low behind. On 20 March, less than a week later, buyers pushed the Dash coin above the $65 resistance level. Securing $65 as a solid support level, the cryptocurrency traded in the $65-85 range until early August, when the Dash crypto coin made a quick breakout above $104 on 6 August. However, the asset failed to secure support at $85 and plunged to $65 by early September. In November, Dash continued trending upward, reaching $120. By the end of the year, the price formed a new support level at $85.

Dash (DASH) price prediction 2021

Dash began the year positively, moving over 100% in just the first week of the new year. It didn't end there; towards the end of January, the coin was fired up again, seeing its price move above $300, the highest it had risen since 2018. The momentum continued until May, when the price eventually topped out at $493. It fell until it found strong support at around $115 and has since struggled to gain higher prices. 

DASH/USDT price chart

Dash (DASH) technical analysis

According to technical analysis of DASH/USDT's D1 chart as of 3 May, the asset is currently in a downtrend that began when it failed to recover to its high at $478. It created a lower high at around $280 and continued to trend lower. The market structure shift was enough to return power to the bears as the price action is currently trading in a descending channel. The bias is strongly bearish right now, and experts expect DASH to stay within the channel, at least to either the trendline support or resistance. The 50-day and 100-day EMAs are also acting as dynamic resistance to pressure the price even lower. While the cryptocurrency's current price is resisting a local support, the overwhelming bearish market sentiment may still push the value further down.

Dash (DASH) price prediction for 2022, 2023, 2025 and 2030

The cryptocurrency's price is regulated by various factors and is continually changing. Due to market volatility, making an accurate Dash price prediction isn't easy. As the cryptocurrency industry matures and grows, government regulations are coming into effect. From a government standpoint, privacy coins are a significant threat because anonymous users are free to transfer their wealth without taxes and regulations. It's difficult to predict how this question will be resolved in the future.

Constant pressure from the government on privacy and freedom of thought is a 21st-century challenge. However, seeing a project like Dash being developed that is backed by the community and embraces decentralisation, security and privacy, we can conclude that demand for such values will only grow in a global society. Let's review the most credible Dash coin price predictions from cryptocurrency experts to see what they say.

TradingBeasts Dash (DASH) price prediction for 2022, 2023, 2025 and 2030

TradingBeasts' Dash coin price prediction suggests that Dash "won't see much in the way of growth". They predict that it may close the year with an average price of $83.53, which is a lower price than what it's currently trading at. In 2023, they predict it may trade for as low as $54.42 and close the year around $93. Subsequent years also won't see much growth, but it also doesn't continue to be all bad, with Dash averaging around $164.12 at the end of 2025.

WalletInvestor Dash (DASH) price prediction for 2022, 2023, 2025 and 2030

Per WalletInvestor's Dash crypto price prediction, Dash is not the best option for long term investment, but it's also not bad. While they don't expect its price to go significantly higher, they predict that it'll grow by 36.82% in one year, which translates to $124.19 in price. Dash's future price will increase to over $250 in 2027.

CoinSwitch Dash (DASH) price prediction for 2022, 2023, 2025 and 2030

According to CoinSwitch's Dash future price prediction, the Dash token's price may rise in the coming years. As the demand for privacy and the level of adoption grow, so, too, does Dash's value. CoinSwitch predicts that Dash's price may rise to $2,822 by the end of 2025.

Dash (DASH) overall value predictions in the future

Dash's major strength lies in the system's publicity. The coin's creator, Evan Duffield, is actively involved in improving the platform and is joined by a team of developers in these efforts. The marketing strategy is aimed at intense advertising, which gives its results as every second participant of the crypto market knows about Dash. The platform uses new developments — such as InstantSend and PrivateSend, among others — that allow the team to solve problems that have become tangible obstacles for other cryptocurrencies.

Will Dash (DASH) go up?

As one of the oldest projects in the market, the Dash team is working to improve the product and improve the Dash cryptocurrency's security and privacy. Keeping in mind that the project has practical applications, we can conclude that, as it is used more widely, the ecosystem will continue to grow along with Dash's value.

Dash's (DASH) price prediction today

Dash has grabbed all crypto market participants' attention. Based on these facts, we can state that Dash remains an attractive asset for future investments. It can be safely considered as a long-term earning tool, with strong prospects for higher demand thanks to the confidentiality and security it provides for transactions. Many cryptocurrency experts agree that the Dash project represents the future of decentralised cryptocurrencies.