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.
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 is now just above $1.5 billion.
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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. 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.