DASH, in partnership with Defi gateway protocol, StakeHound will now be launching its Ethereum DeFi bridge. To facilitate this StakeHound will also issue wrapped stDASH tokens. This move will help DASH holders to participate in the DeFi protocols, it will also give ERC 20 wrapped stDASH token holders an opportunity to provide liquidity on maker platforms and earn from transaction fees.
StakedDash can be traded in major platforms like UniSwap, Aave, Curve and others. Meanwhile, the Dash tokens held in StakeHound will still earn network rewards and will be issued to users in the form of stakedDash which will enable DASH holders to earn staking rewards without locking up any tokens.
The v0.17 update of the Dash platform is now in its testnet phase, the update will have infinite credit minting vulnerability and will improve full light client support. The next on the list after this for Dash Core Group is v0.18 that will include protocol improvements and enhanced functionality. With this, they have also announced the launch of DashPay, a social crypto payments wallet to the public alpha phase.
Dash Price for today is $292.52. Its current circulating supply is DASH 10,076,197 with a market cap of $2,946,871,318. DASH has gone up by 5.66% in 24 hours.
The Dash ecosystem is fully structured in a way which splits the governance from the mining. Miners handle the creation of new blocks. Master nodes are in charge of governance here and the execution of Dash payment services, Instasend and Privatesend. Through Instasend, transactions can be done at a much faster and lower cost than other cryptocurrencies especially relative to Bitcoin.
Through Privatesend, users can make their transactions anonymously and it will be non-traceable as opposed to public transactions carried out on the Blockchain Network. This feature attracts a lot of people, as they would prefer to have the transactions being anonymous. Dash is enlisted on an extensive range of crypto exchanges and can also be purchased directly with various fiat currencies. This makes it accessible to cryptocurrency newcomers and helps improve public perceptions of its credibility.
Cryptocurrency prices are regulated by various factors, and it is constantly changing. Due to market volatility, it is certainly not easy to predict the cryptocurrency price. But, there are ample predictions from crypto enthusiasts/ traders or publications, which makes it noteworthy to analyze past trends and then predict.
Let's check out some of the predictions:
Long Forecast predicts that by 2023, DASH might be the same as it is now in 2020. They have given quite a bearish pessimistic prediction. They even predicted that DASH might fall by 70% this year.
Wallet Investor is a crypto prediction site that believes that DASH might fall as low as $3.641. This is indeed a very pessimistic and unrealistic prediction.
Bein Crypto is also a cryptocurrency prediction website which predicted that in a time frame of 5 years, DASH Might soar up to $700.
DASH provides the users with high security as it has over 4500 servers which are hosted all over the world, that enables you to conduct the transaction instantly, from anywhere around the world. This feature gave DASH an edge over other cryptocurrencies. The launch of DASH evolution has made a huge difference, which is a mobile app designed to be user-friendly and has a scalable digital currency platform perfectly suitable for mass adoption. This will allow any user to set up an account on the blockchain, then eventually add contacts and pay them by name, even make one-click purchases through websites or mobile apps. This is literally a big “evolution” and advancement for the DASH community because of which DASH won’t get affected like other cryptocurrencies. This development enables it to climb up the ladder, which is why we believe DASH might reach around $950 by the end of this year.
Dash’s hardware ambitions are due for arrival in the year 2020, with plans to put master node hardware on individual chips, allowing each master node to scale to the point where they may occupy their own data center. This will be a great transition point for DASH as it might be ranked upward, and who knows, it might even reach closer to Bitcoin. Hardware requirements for master nodes will gradually increase to power a larger network that services more users with greater functionality. As per the roadmap, DASH is going to announce the creation of a new team to be centered in Hong Kong, called Dash Labs, which will help the digital currency space to remain open and transparent, while reducing the economic advantages of closed-source proprietary technology. By 2020, DASH is predicted to reach $950.
When you look at the entire potential of this crypto, you might realize that since it's already been syndicated with various payment programs, it can be one of the best options to invest in an off-line, online transaction platform. Also, the company is planning to tie up with more merchants as well as payment processors, which would increase the value of the tokens. This might also help the investors in the cryptocurrency.
One thing is certain that DASH has and will be one of the best in its potential to succeed. By the end of 2025, DASH might reach $2822 as it will be one of the most valuable cryptocurrencies in the world. You can convert DASH to BTC from CoinSwitch at the best rates.
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