Dash price outperforms rivals, as privacy-focused cryptocoin overtakes Litecoin
The privacy-focused digital coin Dash is the best performing major cryptocurrency in today’s trading. It appears that the recent cryptocurrency rally has come to a stop, with most digital currencies posting moderate losses over the past 24 hours. However, the Dash price is bucking the trend, gaining nearly 11% over that period. This has allowed Dash to overtake Litecoin (LTC) as the fifth-largest cryptocoin on the market.
The price increase comes amid a significant increase in market activity. Dash’s 24-hour trading volume currently stands at $133.8 million, whereas its daily trading volume levels have consistently stayed below $100 million since the beginning of this month. The push appears to be coming from South Korea, with the country’s largest exchange, Bithumb, accounting for nearly 60% of the global market activity. Europe-based trading platform HitBTC is a distant second with around 10% of the trading volume.
This week is expected to be an important one for Dash, as the team behind the cryptocurrency will be holding a conference in London on Sunday. The team is expected to make some major announcements and important business partnerships at the event.
In today’s trading, the Dash price stood at $361.76, as of 11:07 BST. The cryptocoin has gained 10.9% over the past 24 hours, according to data from cryptocurrency tracker Coinmarketcap. Its total market capitalisation currently stands at $2.74 billion, slightly ahead of Litecoin’s total market value of $2.7 billion.
For further information on how to buy and trade Dash, see our comprehensive Dash guide.