DASH Price Analysis June 2022

DASH is a token of the platform Dash. Its current price is around $47.55 by the time of writing, with a low of $45.88, and has a market cap of 513 million dollars.

What is Dash?

Dash is a cryptocurrency that can be used for payments. For example, Dash runs on blockchain technology the same type Bitcoin uses, but it’s been improved to include instant transactions. Unlike Bitcoin, Dash miners use the X11 algorithm, which is a modified version of proof-of-stake mining, and also uses CoinJoin mixing to scramble transactions.

What is DASH?

DASH is the native coin of the Dash platform, which is around $47.55 by the time of writing, with a low of $45.88. It reached a $284.53, and its current ranking is #72 according to CoinMarketCap, with a market cap of 513 million dollars. 

DASH Coin Market Analysis 

DASH has a max supply of 18,900,000 coins worth around $47.55 with a market volume of 144 million dollars, whereas the market capitalization is 513 million dollars at writing. 

DASH Price Prediction

Dash is one of the biggest and fastest-growing cryptocurrencies on the market. On the 1D timeframe, the price action of $DASH/USDT

has formed a bearish pennant pattern and the price has broken down the pennant. Currently, the price is working above the major support zone.

Dash Price Chart June 2022
DASH Price Chart June 2022

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Closing Thoughts

Discipline and Patience are the most important components of a successful trade. According to the above analysis, the coins we just discussed about might make you decent gains if other market conditions prevail favorably. Again, it’s your hard-earned money that you’ll be using. Do Your Own Research before investing.

Disclaimer: Our analysis is for educational purposes.

Pratyaksh
Pratyaksh

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