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Dash (DASH) rallied nearly 50% on Wednesday, Jan. 14, after the team behind the payments-focused cryptocurrency announced a new distribution partnership.
Data from CoinGecko showed DASH up roughly 48% over the past 24 hours, climbing from about $55 to $86. Volume also jumped, with 24-hour trading volume reaching around $1.3 billion, pushing Dash’s market cap back above $1 billion.
The rally comes as traders have shown renewed interest in privacy-linked tokens, especially when new integrations make them easier to access. DASH is considered a privacy coin because it offers optional privacy features through its PrivateSend service.
Experts say the move stood out because Dash is often seen as a “dino” token – an older cryptocurrency from earlier market cycles that has been quieter in recent years.
The rally followed a Jan. 13 announcement from Alchemy Pay, a fiat-to-crypto payment gateway, which added support for DASH through its fiat on-ramp. The integration allows users to buy DASH using local fiat payment methods across 173 countries.
Crypto exchange ChangeHero pointed to additional factors behind the move, including short liquidations. ChangeHero said more than $4.9 million in DASH short positions were liquidated over 24 hours as the token pushed through key resistance levels. According to the latest Coinglass data, that figure has jumped to over $7.7 million.
Dash, which launched in 2014, markets itself as “digital cash.” The project says it pioneered early crypto features such as DAO governance and masternodes, and launched Dash Evolution in 2024, a decentralized data network designed to improve the usability of Web3 applications.
It also adds to an already-strong week for privacy-related tokens, which have been among the top gainers, despite Dubai banning privacy tokens. “While typically bearish news, the market seems to be reacting to the ‘resilience’ of the token,” ChangeHero commented.
Monero (XMR) is up about 12% over 24 hours and 69% on the week, while Zcash (ZEC) rose more than 8% on the day. ZEC was also the top-performing cryptocurrency of 2025, gaining more than 800%.