Dash Price Reaches $200 for First Time, Market Cap Above $1.5 Billion

The price of the privacy-focused cryptocurrency Dash is now trading above $200 for the first time ever. This comes after the price hit a record level of $100 only in March of this year.

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Supported by a daily trading volume of about $80 million, the DASH/USD exchange rate increased by 14% over the last twenty-four hours alone. As a result, the total market cap of the Dash Blockchain Blockchain Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe Read this Term is now just above $1.5 billion.

The cryptocurrency has been getting a boost in adoption by new users recently thanks to a twitter campaign by Dash advocate, Amanda B. Johnson. In our recent live video interview she told Finance Magnates how users are bringing in new people who are installing the Dash wallet.

Amanda commented at the time: "My #FirstDashWallet campaign is absolutely blowing up. Globally. Check the hashtag here on Twitter. My gut instinct is that this is the easiest way for a lot of the people in these countries to get a crypto-coin right now. All they need is a smartphone and a social media account. It doesn't get easier than that."

The Dash price milestone should also be understood in the context of the recent rally of the other top ten Cryptocurrencies Cryptocurrencies By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw Read this Term. Yesterday we reported that Litecoin and Ethereum Classic entered the number four and number five spots respectively, following only Bitcoin, Ethereum and Ripple’s XRP. They are now worth over $2 billion each, marking the first time that all top five blockchain assets are valued at such a figure.