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Dash Price Surges 25% to $90, Hits $1 Billion Market Cap
Dash Price Surge:
- Dash price increased by 25.84% in the last 24 hours, reaching $90 and surpassing the $1 billion market cap for the first time since 2022.
- This rise outpaced rival privacy coins like ZCash and Bitcoin.
Recent Developments:
- Dash's rally was triggered by the announcement of five major achievements, including the integration of DashSpend for global merchant access.
- Other developments include partnerships with Maya Protocol and the rollout of Dash Evolution, enhancing blockchain functionality with usernames and smart contracts.
Market Impact:
- The recent surge has brought Dash's 30-day gains to 157% and year-to-date performance over 300%, as per Coinmarketcap data.
- Derivatives trading volume rose significantly, indicating new capital influx rather than short squeezes.
Future Prospects:
- Traders are optimistic about reaching Dash’s all-time high of $95, but a short-term pullback toward $53 is possible due to profit-taking.
Best Wallet Presale:
- Best Wallet has raised $16.8 million in its presale, indicating strong investor confidence.
- The wallet offers multi-chain interoperability and AI-powered risk monitoring, aiming to compete in the $26 billion crypto custody industry.