DASH Records Mild Uptick, Is Privacy Coin Hype Returning?

In a relatively unusual price recovery push, privacy coin Dash has printed 2.31% growth over the past 24 hours at the time of writing. Based on its current performance, the cryptocurrency is now changing hands at a price of $41.79, solidifying its stance as the 86th largest digital currency in the industry.

Timeline of Dash

One of the leading scalable payment providers in the world, DASH, has attained a significant level in the crypto industry. But like other cryptocurrencies, the price of DASH is subject to volatility, and its value can fluctuate significantly in a short period.

The Dash community has hit back at the US Securities and Exchange Commission (SEC) after the regulator included the privacy-focused cryptocurrency in a list of six altcoins it accused of being securities.

The US Securities and Exchange Commission (SEC) filed a court complaint against Bittrex, alleging the platform made numerous crypto assets available for trading without registration, including OmiseGO (OMG), Dash (DASH), Algorand (ALGO), TokenCard (TKN), NAGA Coin (NGC), and i-House Token (IHT).

Investors moved $508 billion into cash in the first three months of this year, the largest quarterly inflow since market turmoil early in the COVID-19 pandemic, according to BofA Global Research, as the failure of several banks sent markets spinning.

Over the past 90 days, the top privacy coins by market capitalization have seen an increase of just over $2 billion, rising from $4.65 billion on Nov. 9, 2022 to $6.69 billion today.

Fetch.ai (FET/USD), OKB (OKB/USD), Dash (DASH/USD) and Mirror Protocol (MIR/USD) are tokens that have seen the highest level of growth throughout the past month. Fetch.ai is an artificial intelligence (AI) lab that aims to create an open, permissionless, and decentralized machine learning network.

Dash 2 Trade, the crypto analytics dashboard and trading strategy portal, has just announced that its D2T token pre-sale will be ending earlier than initially stated thanks to an accelerated development timeline.

Dash (CRYPTO: DASH) surged over 15.64% on Wednesday, topping CoinMarketCap's gainers of the day. What Happened: At the time of writing, DASH was trading at $43.11, finding support at $34.35.

Litecoin (LTC/USD), Dash (DASH/USD), and Zcash (ZEC/USD) are all cryptocurrencies which saw a large boost in terms of value. Each cryptocurrency saw an increase in its trading volume, value, and overall market cap. On November 21, 2022, Litecoin announced the LTC cryptocurrency had been integrated into Moneygram, Google Cloud, and Blockbank.

Last week we saw Polkadot's native cryptocurrency DOT pull off its sharpest bullish pivot since July. It is thus unsurprising that analysts might expect or hope for another major rally especially after it recently retested its lower range.