The year 2022 is a challenging period for the whole world and the crypto industry in particular. Against the backdrop of the full-scale war started by russia and the global crisis, people’s ability to invest money decreased, which affected all the fields of businesses and the crypto field as well. In the spring of 2022, the crypto market dropped, starting a bear trend that has been lasting until now. In November 2022, the crypto market faced another massive hit after the news about the FTX exchange bankruptcy was revealed.
However, it is typical for the crypto market to live through ups and downs every time an upward trend replaces the bear market.
When prices are low, it is the best time to buy cryptocurrency. Today we would like to discuss one promising crypto project – Dash and see how Dash coin price changed during 2022.
Understanding of the Dash Platform
Dash developers had the primary goal to build a reliable platform for currency conversion and transfer with complete anonymity for users. Here are some facts about the Dash platform:
- Dash crypto is a Litecoin’s fork and has a Bitcoin codebase at the core
- Based on the Proof-of-Stake mechanism
- Decentralization and governance by masternodes
- Support fiat currencies, cards and PayPal
- Open source available for developers
- Transactions are completed within a couple of seconds (InstantSend program)
- Anonymous platform
- Dash wallet.
Dash Price
As of November 25, 2022, the Dash coin price is $41.19. In December 2021 the Dash price exceeded $214 for one coin. During the year, the asset gradually dropped and recovered to $153. From August 2022 to today, the price fluctuates between $41 and $50. Experts believe the Dash crypto price has good prospects for growth – $119 – $130 by 2025.
If you want to buy cryptocurrency, welcome to the WhiteBIT crypto exchange – the largest trading platform in Europe that offers over 450 asset pairs and a full range of financial instruments such as p2p, spot, margin futures, etc.
