Unless you’re extremely new to cryptocurrency, you’ve already familiarized yourself with Dash, or Digital Cash. You might not remember when it was called XCoin at its inception in 2014. You could have been introduced to what we now call Dash after it was rebranded from XCoin to Darkcoin in 2015. Or, you could be one of the people who simply recognize Dash as a privacy coin that stands just outside the top ten in overall market capitalizations.
No matter which boat you’re in, if you’ve been following Dash for long, there’s just one question that you’re interested in: Is the price of Dash about to explode? While no one can know with absolute certainty, there are indicators that give us hints into Dash’s future.
As Bitcoin Goes, So Goes Dash
Like all other altcoins, Dash is coupled to Bitcoin. As much as we would like to think otherwise, for at least the near future, Bitcoin is still firmly planted on the throne. It’s recognized as the reserve currency for the entire crypto universe. So, as Bitcoin goes, so goes Dash. If the price of Bitcoin makes another run at the stratosphere, we can reasonably expect for Dash to follow closely in its jet stream. In the past year we’ve seen Bitcoin go from just under $1000 to an all-time high touching $20,000 and then back down to $8,600 where it trades today. Similarly, Dash has gone from $16 to an all-time high of $1,500 and then back down to $525 where it currently hovers.
Dash’s growth mirrors that of Bitcoin. While it has gained a more than significant share of the market, going from a price of 0.016 Dash per Bitcoin, to 0.062 Dash per Bitcoin, it is still highly dependent on the highs and lows of the original alternative digital currency. [The charts] (https://coinmarketcap.com/currencies/dash/#charts) don’t lie.
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4 Major Initiatives
Regardless of what Bitcoin does, those invested in Dash who want the price to steadily climb, have plenty to be encouraged about. Ryan Taylor, the more than capable CEO, recently released Dash’s four major initiatives for 2018. Speaking on the main stage at the The North American Bitcoin Conference (TNABC) in Miami, he revealed several [slam-dunk partnerships] (https://www.dash.org/2018/01/28/ryantnabc.html) with:
[PIIKO] (https://www.piiko.co/) - a service that allows people to recharge pre-paid cell phones
[Strike Social] (https://strikesocial.com/) - social advertising management for YouTube
U.S Department of Energy
[GoCoin] (https://gocoin.com/) - for merchants who want to accept cryptocurrency
These all prove that Dash is one of the most forward-thinking and innovative cryptocurrency coins available. The partnership with the U.S. Department of Energy involves micropayments for between smart meters that has the potential to be both revolutionary as well as one of the best real-world use cases for cryptocurrency to date. Plus a recent partnership, not mentioned in the four major initiatives, this time with [Bitnovo in Spain] (https://coinjournal.net/new-partnership-brings-dash-cryptocurrency-10000-retailers-spain/) brings Dash to over ten thousand retailers.
Distancing itself from simply being a privacy coin, Dash has an opportunity to serve its customers well and move from an investment to a respected and used currency. This definitely bodes well for Dash’s price prediction for 2018.
Consumer adaptability
The willingness that Dash has to listen to its community and continue to provide solutions to problems is perhaps the most important positive sign of the coin’s long-term growth and stability. All coins want consumer adaptability, but Dash puts its coins where its mouth is. They’re serious about decentralization, lowering fees, protection, and speed of transactions, but they also appear to be serious about marketing. At TNABC, they sponsored the ID passes, constantly putting them in front of thousands of crypto-centric eyes.
In an [interview at the same conference] (https://www.youtube.com/watch?time_continue=604&v=ftS1aQ4Anaw), Taylor said that Dash was “really focused on…[an] overall set of services, including privacy, that people need.” Some of these make total sense for Dash to go mainstream and reach the general public. A prime example is the idea of getting rid of cryptographic address for sending and receiving Dash and replacing them with usernames, making it easier to the average person to grasp transfer of the Digital Cash.
So where’s Dash’s price going?
Remember, until a complete uncoupling from Bitcoin takes place, Dash will go where its older brother takes it. However, I believe that Dash has taken very promising measures to build upon the success and wider adoption that it had last year. Barring a complete collapse of all cryptocurrencies, Dash looks to be in line for promising gains in the coming year. It might not explode, but it should grow along with the other healthy crypto projects.
The above references an opinion and is for information purposes only. It is not intended to be investment advice. Seek a duly licensed professional for investment advice.
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