If the price jumps above 80 dollars, the next target could be 85 dollars.
Analysts predict a bright future for this crypto-currency because Dash solves two of Bitcoin’s biggest problems
Dash can be a very good investment opportunity, but there is still some uncertainty
Dash (DASH) has gone from $66 to $78 in less than a few days and the current price is around $72. Dash has found strong support above $70 but the price is still unable to break through the $80 resistance.
Fundamental analysis: transaction volumes are expected to increase
For those investors/traders who are not averse to risky speculative investments, investing a reasonable amount of money in Dash may prove to be a very good investment. Dash provides high security to users because it has 4500 servers and users are able to make the transaction immediately from anywhere in the world.
The main advantages of this crypto currency are low fees, fast confirmation times and a moderate level of anonymity. Dash is already connected to various payment programs and this crypto currency might still be undervalued despite some problems.
There is still a certain amount of uncertainty regarding this project, but Dash is one of the crypto currencies that you should not ignore under any circumstances. The price of Dash is still far from the Dash price forecasts, but if the price jumps above $80 again, this could be a very good opportunity for the short term traders.
The transaction volumes of this crypto currency are expected to increase, and once this happens, the price of the Dash will be at a higher price level. Most experts predict a bright future for this crypto currency as Dash solves two of Bitcoin’s biggest problems: the speed of transactions and the lack of privacy.
The average block degradation time on the Dash block chain is 2.5 minutes, which is about four times faster than Bitcoin. It is also important to note that transactions on the dash block chain are not traceable and the history of the coin is not accessible.
Technical analysis: The cops are focused on breaking the $80 resistance mark.
Estimates suggest that the Dash may be a very good investment opportunity, and some predictions suggest that this crypto-currency could exceed $500 in the next few years. When trading Dash, keep in mind that the price could also weaken in the coming weeks.
Data source: tradingview.com
On this diagram I have marked important resistance and support levels. The important support levels are $70 and $60, $80, $90 and $100 represent the resistance levels. If the price jumps above $80 it would be a signal to buy Dash and we have the open path to $85.
A rise above $90 supports the continuation of the uptrend and the next price target could be around $100. On the other hand, it would be a “sell” signal when the price drops below $70 and we have the open path to $65.
Estimates suggest that the Dash may be a very good investment opportunity, and some predictions suggest that this crypto currency could be over $500 in the next few years. Dash has found strong support around $70 and the technical picture suggests that the price could rise above $80 in the coming weeks. It is expected that transaction volumes of this crypto currency will increase and once this happens, the price of Dash will be at a higher price level. The Dash price is correlated also with the price of Bitcoin and investors in this crypto currency should have Bitcoin likewise on their “watch list”.