Next month Dash will launch two updates that have taken 5 years of development on the testnet, namely Dashpay and Dash Platform.
This was revealed on Twitter by the user Fruit Salad Panda, who also pointed out that in the last month Dash has already recovered 5 positions on CoinMarketCap, and within a few weeks it could recover more.
Next month #DASH will be launching 5 years of development on Testnet:
– Dashpay (blockchain usernames)
– Dash Platform (developer platform with the world's first decentralized HTTP API)
The force awakens. pic.twitter.com/KUEqZyyje1
— 𝔣𝔯𝔲𝔦𝔱 𝔰𝔞𝔩𝔞𝔡 𝔭𝔞𝔫𝔡𝔞 (@fruitsaladpanda) November 23, 2020
It is currently ranked 26th, with a market capitalization of just over $1.1 billion, not far from VeChain but closely followed by IOTA.
In recent weeks the price has risen from around $65 to over $110, peaking at $120 yesterday.
It must be said, however, that it is still very far from the historical maximum of $1,493 touched on December 20th, 2017, but it is certainly much more than the $40 at the beginning of the year.
After the bursting of the speculative bubble in 2017, the price of Dash collapsed until it reached $60 at the end of 2018, and since then it has never been able to go back above $180.
The current price, for example, is still lower than the price reached in July last year.
Dash’s news on the testnet
The two new features to be launched in the coming weeks are Dashpay, which allows users to create usernames on the blockchain, and Dash Platform, the developer platform with the world’s first decentralized HTTP API.
It is worth noting, though, that there is perhaps too much enthusiasm in the community supporting this cryptocurrency.
Not only are there those who speculate that in 2021 the price may return to historic highs, but it may even exceed them by 20 times over the next few years.
If it managed to return just under $1,500, the price would rise by 1,200% compared to today, and this already seems a risky prediction, albeit possible.
In order to reach the new maximums hypothesized, at over $30,000, it would have to grow by a further 1,900%, and this seems an even more daring forecast.
Cumulatively, with respect to the current price, it would be a gain of about 2.600%, which seems to be a prediction that, to be honest, seems to be a long shot.
As much as it is possible to speculate on similar scenarios, these could easily remain only theoretical, because at present they would not seem to be plausible or realistic.
Besides, given the heavily negative performance recorded so far, after the bursting of the speculative bubble, there would be several reasons for assuming that an increase in value of 2,600% in the next few years is extremely unlikely.