RATE Group | DASH is up 20% in the Last Day, Here’s Why it is Rallying
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DASH is up 20% in the Last Day, Here’s Why it is Rallying

14 Jan DASH is up 20% in the Last Day, Here’s Why it is Rallying

Posted at 09:13h in Cryptocurrency News by

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DASH, the privacy coin that users can switch and make related transactions anonymous, is one of the best performing digital asset in the last 24 hours, adding 20%. The coin, though lodged at 18th at the time of writing, has been on a firm uptrend since the beginning of the year. In the last day, over 7.6 million DASH coins, or $593 million, has changed hands meaning investor confidence is high and the resulting demand is could thrust the coin to new highs.

DASH Has Utility in Venezuela

DASH Market Performance
DASH Market Performance

As one of the best performers, there are several factors that may be pumping the coin. Of note, DASH has found utility in Venezuela. The country’s economy is stricken and its sovereign currency is virtually worthless because of hyperinflation.

Although there are restrictions from the government on Petro, the oil-backed issued stablecoin, the use of alternative, public crypto assets has proliferated.  It is estimated that over 2,800 business accepted DASH in Venezuela in…

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