Dash Price Skyrockets to $100, Market Cap Above $700 Million

Already on an incredible rally recently, Dash has went into overdrive today. The price of the privacy-focused cryptocurrency is now trading around $100 - an amazing rise of 125% from a week prior and about 30% 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 above $700 million.

We talked with Ryan Taylor, Dash's Director of Finance, regarding the cryptocurrency's performance.

To what do you attribute Dash's recent price rise?

"Dash’s recent valuation increases are the largest we’ve seen. This kind of dramatic growth is only possible due to a combination of many factors coming together at once. Year after year, Dash has built a track record of innovations that improve the user experience and apply Payments Payments One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl Read this Term industry best-practices to our product. What I think you’re seeing is Dash’s emergence as a viable alternative to Bitcoin’s dominance of the cryptocurrency market, at a time when Bitcoin’s user experience as a payment network is suffering due to capacity constraints and a backlog of unconfirmed transactions.

Dash has also scored a number of large wins this year, including a successful rollout of a new version of our software, the opening of our offices at Arizona State University’s innovation center, and integrations with leading providers in the cryptocurrency industry. In short, Dash is firing on all cylinders and sizable investors are clearly taking notice."

Do you see the rejection of the Bitcoin ETF as having an effect on Dash's recent rally?

"My hypothesis is that Dash is doing well for other reasons, as our price rally started long before the ETF results. This weekend’s price movement was a continuation of a longer trend.

That said, the ETF rejection means that the value of cryptocurrencies may come from their utility as payment networks, more so than their utility as a store of value like gold. If that is true, then Dash is likely better positioned than Bitcoin long term, since we offer a better payment experience including instant transactions, user privacy, higher transaction capacity, and lower fees."