Dash has been one of the big gainers among the major digital currencies over the past 24 hours. While most top 10 cryptocoins have posted losses or modest gains over that period, the privacy-focused token has seen a spike, propelling its price over the $300 mark.
Dash touched an intraday high of $310.14 earlier today, and while it wasn’t able to maintain this level, the price has remained over $300. The 24-hour trading volume currently stands at $50 million, slightly higher than yesterday’s levels.
Just over a month ago the Dash price was hovering around $180, but it has gained momentum, bolstered by recent developments. The token received a boost after Apple reversed a ban on mobile applications supporting it, which meant that such apps were allowed to appear on the App Store. A few days later it was announced that the largest Bitcoin mixer, Bitmixer.io, was voluntary shutting down its operation. The surprise move appeared to boost the appetite for privacy-focused digital coins, such as Dash and its smaller rival Monero.
In another recent development, Dash hired a team of white hat hackers to perform a large-scale security check of the cryptocurrency’s network and expose potential vulnerabilities.
More news about Dash are expected to come from a conference, which will be hosted by the Dash team next month in London. The chief executive officer of Dash Core, Ryan Taylor, has said that the company will make some major announcements and important business partnerships at the event.
In today’s trading, the Dash price stood at $304.49, as of 17:10 BST. The cryptocoin has gained nearly four percent over the past 24 hours, according to data from industry tracker Coinmarketcap.
For further information on how to buy and trade Dash, see our comprehensive Dash guide.