Anonymous Cryptocurrency Dash Surges Nearly 70% in a Day
The privacy-focused cryptocurrency Dash (DASH) surged nearly 70% in a single day on January 13th, with its price rising from $40 to a two-month high of $67. This rally mirrors a sharp price increase in another major privacy coin, Monero (XMR), which recently set a new all-time high.
Originally launched in 2014, Dash was designed by creator Evan Duffield to be a more anonymous, faster, and cheaper payment method than Bitcoin. Despite the recent growth, Dash's current price of around $60 is still 96% below its all-time high of $1,642 set in December 2017.
The article notes that while Dash and Zcash (another rising privacy token) offer optional privacy features, Monero has them enabled by default. Regardless, the entire sector is experiencing a significant boom, with trading volumes for privacy coins surging 37% in 24 hours to $5.4 billion. This growing interest exists despite increasing regulatory scrutiny from various countries, including a proposed ban on anonymous cryptocurrencies by Russia's central bank.
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