Dash price surges on Monday, coin breaks into crypto top 5
The Dash price (DASH) has seen a strong boost since Apple Inc’s decision to reverse a ban on mobile applications supporting the privacy-focused cryptocoin.
About a year ago, the US technology giant decided that Dash-based apps, including the official Dash wallet, were inappropriate, which effectively banned the coin from the App Store. However, last week the iPhone maker finally accepted DASH, allowing it to join a list of already approved digital coins, including bitcoin (BTC), ethereum (ETH), ripple (XRP) and litecoin (LTC).
Following Apple’s approval, the Dash price has seen a significant increase, with the rally accelerating in today’s trading. According to data from Coinmarketcap, the digital currency has gained 11.8 percent over the past 24 hours. As of 14:03 BST the Dash price stood at $212.74.
Dash’s strong performance over the past few days and especially in today’s trading has allowed the digital currency to overtake rivals NEM (XEM) and Ethereum Classic (ETC) as the fifth-largest cryptocoin on the market. According to Coinmarketcap, its market capitalisation currently stands at $1.58 billion.
Ryan Taylor, chief executive officer of Dash Core, commented last week that iOS support was frequently-requested by users.
“We’re pleased that [Apple] determined Dash was worth the substantial effort to evaluate, and we’re obviously pleased with the outcome,” he said, as quoted by The Cointelegraph.