Since bottoming out at $140 in August 2018, DASH hit a recent high of $220.
While it has since pulled back to $195, there’s still plenty of upside remaining. In fact, we believe it could run to $260 again, near-term.
Global Mass Adoption
One of the reasons for upside is global mass adoption.
At the moment, more than 3,000 businesses worldwide accept the coin payments. Nearly half of those businesses are in Venezuela. In fact, the country has been quick to accept DASH thanks to hyper-inflationary issues.
Many are turning to cryptocurrencies as a way to store value as the bolívar’s exchange rate spirals far out of control. The most recent devaluation of the country’s currency is only likely to increase its adoption of Dash by a higher margin.
Continued adoption could send the coin as high as $1,000, according to some estimates.
Two, the coin just announced its partnership with India-based exchange, Bitbns
In a tweet, the team announced, ““We are excited to announce our new partnership with @Bitbns, one of the leading exchanges in #India! For a limited time transact in $Dash for no fees on the #Bitbns platform!”
Three, it’s making efforts to Advance in Latin America
It just announced a partnership with Kripto Mobile Corporation for example, a platform that manufactures crypto-supported phones.
“We are seeing tens of thousands of wallet downloads from the country each month,” Ryan Taylor, CEO of the Dash Core Group said, as quoted by Coin Journal. “Earlier this year, Venezuela became our number two market even ahead of China and Russia, which are of course huge into cryptocurrency right now.”
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