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DASH, a privacy token that has been a hot topic in the cryptocurrency market recently, is experiencing renewed activity.
DASH, one of the established altcoins dating back to 2014, has been experiencing a remarkable surge in value over the past two days.
DASH price has experienced an impressive 112% rally in the last two days. The increase in the last 24 hours alone is recorded at 50%, and the coin is trading at $83 at the time of writing.
So what is the reason for the increase in DASH price?
First of all, we can say that all privacy tokens in the cryptocurrency market have experienced sudden surges in recent weeks. Monero (XMR), the market leader in privacy tokens, has seen a value increase of around 80% in the last week. While other privacy tokens recorded these increases, DASH’s price was more stagnant, and finally, we experienced the current surge.
In addition, the event that could perhaps be considered the trigger for the rise occurred yesterday. Alchemy Pay, in collaboration with Dash, enabled the purchase of the coin with fiat currencies. A significant part of the rise came after this announcement.
Originating as a fork of Litecoin, this coin ranks 6th among the largest privacy tokens by market capitalization.
*This is not investment advice.