Dash(DASH)/USDT Price Prediction: 25 January 2022

Overview

Many cryptocurrencies were inspired by Bitcoin’s source code and they went forward to utilize it with slight modifications. However, the DASH token also replicated the code with some modifications so that the reach had a wider area. DASH is considered one of the most private cryptocurrencies with faster transaction speed a higher-end security. At present, the DASH token is accepted by many retailers and mined by numerous individuals around the world. 

The DASH coin had a remarkable journey throughout the year 2021, where the prices went on to hit their highs just below $500. Woefully amid multiple sell-off within the crypto space, the DASH price is now slashed below $100 and is expected to remain within these levels for some more time until the market stabilizes a little. Currently, the asset has shed all its gains and dropped to a 14-month low level. The buyers remain very much passive and hence the asset could drop to new lower levels in the coming days.

What is Dash-In Brief

Dash is a peer-to-peer decentralized platform, derived from Bitcoin’s source code. It is a fork of Litecoin which is in turn Bitcoin’s hard fork. It was launched organically as ‘XCoin’ way back in 2014 by Evan Duffield. Later the coin was changed to ‘Darkcoin’ and finally, in 2015, the asset was rebranded to DASH which is derived from ‘Digital Cash’. DASH is a digital currency that aims to provide fast and cheap payments anywhere in the world with a user-friendly experience and privacy equal to cash. 

The main feature of the Dash network is the transactions here work more or less similar to that of the traditional online payments. One can send and receive crypto assets either Instantly or privately. Much before staking DASH embraced more experimental features designed to allow the DASH holders to participate in the network’s operation. Currently, the Dash network is also being compatible with Smart Contracts which in turn help manage the development of the blockchain.

Additional Read: Daily Crypto News 25 January, 2022

How does Dash Work?

The Dash blockchain is mainly bifurcated into two, one which is the primary layer which very much resembles the Bitcoin or Litecoin blockchain. It works on the Proof-of-Work Mechanism where the miners create new blocks and secure them on the blockchain. The main difference between the Dash and Bitcoin is the average block time is just 2.5 minutes compared to that of 10 minutes of Bitcoin. Moreover, the miners receive only 45% of the mined DASH tokens compared to the 100% of Bitcoin. 

The second layer of the DASH blockchain is the MasterNode which is said to be the innovative layer. The node having more than 1000 DASH tokens can become a MasterNode and obtain special features on the network. The private and instant transactions here are carried out with ease and also record a copy on the blockchain ledger. The Masternode has the right to reject the improperly formed blocks by the miners and also receive 45% of block reward and vote on the other 10% allocation. 

If any new feature or any changes have been proposed onto the network, the final decisions are done after the vote among the Masternodes. The above-mentioned 10% block reward is reserved for the Dash Treasury. This is nothing but the grant system which receives the fund set aside by the DAO to work on the voted proposals. 

Will DASH Price Reach $1000 in 2022?

As mentioned above DASH price had a pretty gigantic rally in the year 2021, where-in the price rallied from the levels below $100 to as high as $476.85 yet failed to reach even close to the current ATH at $1642.22. After undergoing multiple ups and downs, the asset has now plunged drastically below $100 to mark levels around $89. While the selling pressure appears to remain mounted, the downtrend could continue for more time. 

The current market condition is extremely volatile and no significant chance of recovery is witnessed shortly. As long as the buyers remain off the track one cannot expect a strong rebound or flip to its immediate resistance any time until the mid of Q1 2022. However, even if the market manages to sustain the trembled situation, yet $1000 level is a pretty large target and very difficult to achieve without a rally similar to the first half of 2021. 

Considering the present price trend, the DASH price may regain its positions above $100 by the mid of Q1 2022 and if the uptrend prevails, the asset may continue to swing towards the north. However, the potential high target remains around $450 to $500 by the end of the year 2022. Yet a slower pace or a normal trade may end up the asset trade with the price around $300 to $330. If in case the bearish market returns somewhere in Q4, then the DASH price may hover around $220 to $250. 

Additional Read: Dash Price Prediction

Factors Impacting DASH Price Today

DASH Coin Characteristics

The DASh crypto possesses some unique characteristics like durability, portability and scarcity. Much similar to Bitcoin, Dash’s total supply is limited and capped to 18,900,000. It is expected to reach its maximum supply by the year 2300. 

DASH or Digital Cash

While most of the cryptocurrencies are not accepted by the merchants, DASH has some upper hand in this area. The network has launched DashDirect, a retail savings App that is widely used in more than 155,000 stores and nearly 125 websites. 

DASH Rewards

Every time the blocks are verified and added to the DASH blockchain, the rewards are generally distributed into 3 

• 45% for the miners
• 45% for the Masternodes
• 10% for the DASH’s governance 

Dash-Private Send

Unlike the Bitcoin transactions which are widely accessible over the internet, Dash with its Private Send, adds privacy to the transactions. It cannot be tracked or traced back, neither the identity of the users is revealed to the world. 

Self-Governing & Self-Funding Protocol

As 10% of the rewards go back to the Dash network, it can be called a self-funding protocol which is used for the development of the network. 

Where & How to buy Dash(DASH)

Investing in Bitcoin, XRP, Cardno or DASH is very simple with CoinDCX. It includes just 3 simple steps,

• Download CoinDCX app on your smartphone
• Register with the required details 
• Upon verification, fund your wallet and invest in your desired crypto

Currently, CoinDCX is running an exciting referral program called ‘3x Referral Dhamaka’. Here you stand a chance to win rewards in the form of Ethereum. All you need to do is bring on-board your contacts with your referral id. Once they place their first order, you will be eligible for the reward. Therefore download the App now!!!

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