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Dash: Dashpay testnet completed
Dash: Dashpay testnet completed
Blockchain

Dash: Dashpay testnet completed

By Marco Cavicchioli - 25 Nov 2020

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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. 

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

 

Marco Cavicchioli
Marco Cavicchioli

Born in 1975, Marco has been the first to talk about Bitcoin on YouTube in Italy. He founded ilBitcoin.news and the Facebook group" Bitcoin Italia (open and without scam) ".

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