Dash Price Discussion and Dash Shortterm/Longterm Price Trend Speculation

What do you think the Dash price will be end of 2022 ?

  • $30 or lower

    Votes: 7 43.8%

  • $60

    Votes: 2 12.5%

  • $90

    Votes: 1 6.3%

  • $120

    Votes: 2 12.5%

  • $150

    Votes: 3 18.8%

  • $180 or higher

    Votes: 1 6.3%
  • Total voters
    16
I agree, the bottom is in, however, we are in a middle year and as such we should expect a retest of the lows, or close to it within 12 months or less. So, for this mini run I have a target of about $172, though in the very short term I think we get a correction as Bitcoin is heading into some serious resistance.
 
Dash Price break out today on DASH/BTC pairs (in other words, Dash price is outperforming Bitcoin price)

DASH/BTC, 3D, Binance
Knipsel.JPG

Source : https://cryptowat.ch/charts/BINANCE:DASH-BTC?period=3d

DASH/USD, 3D, Binance
Knipsel1.JPG

Source : https://cryptowat.ch/charts/BINANCE:DASH-USDT?period=3d
 
Since we are posting chart porn, here's mine, though I am not convinced we can reach $80 just yet, the break of $69 is not complete IMO and we could still fail here and drop hard. Either way, IMO this pump is getting a bit over done and I think some meaningful correction is coming.



1676472932390.png
 
Posting an update to the Dash/BTC ratio, which certainly does seem to be improving and IMO just changed trends. I find it remarkable that we were dropping versus Bitcoin for several years straight, what a miserable time that was! However, now I really do see a change to trend here and if anything, I am too conservative with how I have drawn the pink channel.

1677637768569.png


The chart is in log form and would see a Dash/BTC price of 4 mBTC by Jan 2024, I think we could get there sooner.
 
On Friday we saw the failure of $SVB as a massive bank run brought it to its knees and it shutdown leaving Circle's USD missing 3 billion USD in cash and sending the crypto market into a panic, the resulting price action was what Dash topped as I alluded to in the previous post at $78 and proceeded to fast flush to where the dust seems to have settled at a wick low of $44 !!! Wick to wick the correction is 43% significantly worse than most other coins.

1678614919633.png


I am bullish again. I think these prices are great value for Dash and I think this drop was way over done and the price can easily move up and regain the $50 soon. I also think that $40 is great support should we fall further. The troubles in the broader market do not affect Dash, there is no reason for the coin to react this harshly to the news, so when calmer heads prevail, we should see price improve.

Over on the Dash/BTC chart, we tested the topside of the channel, sliced through the middle point and if we reverse here the channel and thus the up trend remain in tact, so I am optimistic on this front also.

1678615191714.png
 
Except the btc-dash ratio reversed way too easily to previous levels. Might be a bit too early to call this.

Doesn't the DIF hold dollars in Signature? - not sure
 
DASH/USD, Poloniex, Monthly
Knipsel.JPG

AO (Awesome Oscillator) possibly signaling with regards to market momentum that Dash is still very much in a negative cycle / bear market phase, price seems to reflect this.

DASH/BTC, Poloniex, Monthly
Knipsel1.JPG

With regards to AO (Awesome Oscillator) : so close to turning positive for awhile now and yet so very far away.

BTC/USD, Bitstamp, Monthly
Knipsel.JPG

It will be interesting to see if Bitcoin price can stay above $25K. Dropping below $25K will most likely again cause additional sell pressure on Altcoins. Dash price in particular (DASH/USD pairs) seem very sensitive to a sudden drop in Bitcoin price.
 
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Dash/BTC daily, as predicted we saw the price fall to the mean and even go below it! Now comes the strong reflexive move up. What we are seeing is worst RSI since Jan 2021 and what happened on that day? Bullish more of 226% over next 140 days!
🤣


https://www.tradingview.com/x/cSBxFjqh/



Here is daily chart of DASH/USD, I know the price is hard to read, we will zoom in next, for now, please notice the RSI. The RSI is at same level from 23rd Nov 2019. Following that price fell another 20% and then rose 300% (4x) from that low. It's time to buy.

https://www.tradingview.com/x/CCbQsqTj/

$30 x 4 = $120. Now, I know no one here thinks Dash can reach $120 ever again, let alone $200, but yes, my bull top is still $200 in 2 years time. Zooming on current chart, what is interesting the low RSI, the super negative CMF and sharp drop in price, it was sudden and scary.

https://www.tradingview.com/x/RQAbCkqx/
 
I pray for Dash to reach the price of zero USD. So that every one leaves, I will take control of it, introduce "vote the numbers", a "universal dividend", a "proof of individuality" and the "knowledge tree". And then Dash will rise again and will become the number one coin.

On the other hand, I also pray the Dash community to understand that I am their way of salvation, and to reconsider before their price reach zero USD.

You may say, why dont you leave Dash, create a coin as you describe, and make it number one? Because if I create a coin as I describe, nobody will understand it, and I will be alone. But if I stay here, I can reveal to a lot of people the reason of their failure. So, after their crushing failure, they will force themselves to understand the way of success.
 
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I think there is some upside potential but long term there is little hope for dash until DCG, social media and governance are all radically changed. And the only way to fix that is to somehow replace the masternode owners protecting the current batch of parasitical Proposal Owners that are themselves mostly masternode owners. Ideally, MNOs should be banned from participating as POs, but who's going to fix that??
 
GrandMasterDash said:
I think there is some upside potential but long term there is little hope for dash until DCG, social media and governance are all radically changed. And the only way to fix that is to somehow replace the masternode owners protecting the current batch of parasitical Proposal Owners that are themselves mostly masternode owners. Ideally, MNOs should be banned from participating as POs, but who's going to fix that??
Click to expand...
Correct. The legislative, the executive and the judicial powers should be separated eachother. An MNO holds legislative power when he/she votes, so when he adds a proposal, votes for it and then implements it, the executive power is not separeted to the legislative. This may be trivial in case the MNO operates a couple of servers, but it is very dangerous for the community in the case of big whales.

I dont know how we can fix the problem, but we can certainly reduce the problem by implementing a proof of individuality/personhood. The masternodes should participate to the encointer meetings, and should sign their masternodes with their encointer identity, if they want their vote to be counted.

demo said:
Having your proof of individuality (I remind that you put it into the ballot box, so it is anonymized), you can now claim anonymously in the internet your masternodes, by signing the dash addresses of your masternodes with the private key of your empty_dash_address which you put in the ballot box, during the cryptoparty.
Click to expand...

That way we narrow the legislative power to (anonymous) individuals, so the next step is to make these anonymous individuals accountable in case they vote for proposals that benefit themselves and at the same time harm the Dash community.
 
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DASH/USD, Poloniex, Monthly
dashusd.JPG


AO (Awesome Oscillator) possibly signaling with regards to market momentum that Dash will even be longer on the negative side, then it previously signaled. It is now very much mimicking 2018-2020 signals from AO (red-green-red). Just on a smaller scale.

DASH/BTC, Poloniex, Monthly
dashbtc.JPG


Not much to say about this chart and AO, except that it is also dipping more into the negative side lately. So no signal yet about AO possibly breaking to the upside anytime soon.

BTC/USD, Bitstamp, Monthly
btcusd.JPG


I get the feeling from this chart that Bitcoin could be moving sideways for some time, maybe even decrease significantly with regards to AO and price, now that Bitcoin price keeps dipping below $29K. I wonder if the AO will also change to red coming months, while staying on the negative side.

Lets hope this one does not come true this month : https://www.tradingview.com/news/u_...-top-analyst-unveils-worrying-august-pattern/

FWIW, the average return of #BTC in August of its pre-halving years is -21.3%.
Click to expand...
 
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I am not even going to post a chart, I see the market remaining weak through to December and then mid-year a bull run starts as is customary around the time of the Bitcoin halving. My price targets for Bitcoin this December extend down to $14k. This is likely to put additional pressure on Dash, so I not buying either coin, however, Dash is likely to bounce back stronger due to limited supply and it is easier to move the far smaller market, that and a rich assortment of derivatives on Dash should make for a spectacular recovery. $200 target is still in play.
 
So if bitcoin goes to $14K, what price would dash be? I imagine at that price, the bitcoin to dash ratio would be well over 1000 dash. I don't think bitcoin will go down that far again but who knows!
 
GrandMasterDash said:
So if bitcoin goes to $14K, what price would dash be? I imagine at that price, the bitcoin to dash ratio would be well over 1000 dash. I don't think bitcoin will go down that far again but who knows!
Click to expand...

Yeah, it's fun to speculate what that scenario would look like, it's why I am not buying now either.
 
Bitcoin price (-4.04%) seems to be diving into the deep, dragging Altcoins prices with it.

BTC/USD
Knipsel.JPG

Re-test of $24,750 in progress, i guess.

DASH/USDT
Knipsel1.JPG

Re-test of $25,05 in progress, i guess.

Dash price also briefly dipped below 0.000965 (10th of June 2023) and hit 0.000951 (16th of August 2023)
Dash price currently at 0.001002
Keeping Dash price above 0.001 would be nice.
 
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Finally, we got the breakdown some of us had been looking for, but it is over? I don't think so, a move like that rarely doesn't also have some follow through.
 
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