Dash price remains in positive territory, despite market decline

on Jul 26, 2017
Updated: Mar 11, 2020

While the wider cryptocurrency market has been in the red in today’s trading, a few altcoins have managed to buck the trend.

Dash, the privacy-focused digital coin, is the only cryptocurrency in the top 5 that have posted gains over the past 24 hours, data from Coinmarketcap shows. The coin has performed strongly over the past few days, boosted by Apple’s decision to allow dash-based applications to be published on its App Store. As of 16:25 BST, the dash price stood at $195.72, up 0.41% from the same time yesterday. The coin maintains its position as the fifth-largest cryptocurrency, with a market capitalisation of $1.458 billion.

Even more impressive is the performance of the eight-largest coin – IOTA, which has gained 11.66 percent over the past 24 hours. The token is currently trading at $0.277 and has a market cap of just under $772 million.

IOTA made the headlines earlier this month, when micropayment startup SatoshiPay announced that it intended to use IOTA’s blockchain as the underlying technology that enables its transactions, replacing bitcoin.

“We love bitcoin for its pioneering role in the creation of our industry, but some blockchain networks it inspired have evolved faster than bitcoin itself, so we decided to move on to superior technology,” SatoshiPay CEO Meinhard Benn said at the time, as quoted by Coindesk.

IOTA and Dash are the only two cryptocurrencies in the top 10 to post gains. Looking at the top 20, the only other gainer is tether, which is currently trading at $1.01.