it is difficult to say.
Years ago when Dash was trading at $2 or $3, to think that Dash would be worth $40 would be crazy.
Today, it seems very cheap if we look at prices above $1,000, but the big question is, was it crazy at $1,000, or is it now at $40?
Let's think that for example Dash is now capitalized at $450,000,000, what does Dash do that is worth that money?
Save lives, produce rockets, drill for oil...?
No, it simply allows you to confirm P2P transactions at high speed, safely, and privately if you wish.
To give it liquidity, it depends on exchanges, since by itself, Dash would not be a means of payment if tomorrow it disappears from all exchanges.
Dash could very well go back to trading at $1, and no one could say that it is expensive or cheap. In the same way that you could not tell if it returns to $1000.
I say it and I repeat it, the only thing that can make Dash have any real value, is that its demand is necessary.
No one is going to use Dash if being able to use a credit card, no matter decentralization, no matter privacy... most people don't care about that.
But if you get people to use Dash in addition to payments, for many other things like storing data, creating a social network, using it in video games, renting a movie, voting for your best song... then it is possible that yes, that dash starts to be worth more. But simply for payments, Dash is very little essential.
I hope that Dash rises on its own merits and not by simple speculation, since if it does, it will go back down and end up being worth little or nothing.
All the best