The little-known cryptocurrency Dash grew by 70% per day despite the fall of the crypto market

Note: not an investment advice!

Cryptocurrency Dash has shown a sharp rise amid a general market downturn. On Monday, its price jumped by 70% per day, reaching levels last seen in January 2022. Dash’s trading volume increased by 32% to $ 1.38 billion, indicating high demand and liquidity of the asset. Thus, the token became the main leader of daily growth, while the main cryptocurrencies, including Bitcoin and Ethereum, showed a decline.

Over the past week, Dash’s yield has exceeded 187%, significantly outperforming most other digital assets. Analysts attribute this surge to the rotation of capital towards «private» coins — cryptocurrencies focused on transaction privacy. The total market capitalization of such tokens has increased by about 6% over the past 24 hours, according to CoinGecko.

Dash, created in 2014 as a fork of Litecoin, positions itself as a means of payment with an increased level of privacy. According to its whitepaper, the cryptocurrency aims to improve Bitcoin’s mechanisms by adding opportunities for more anonymous transactions. This feature, according to market estimates, has become a key growth driver amid growing interest in decentralized and untraceable payment solutions.

At the time of publication, Dash was trading at $ 146.54, up 70% from the previous day, according to the Benzinga Pro platform. The activity around the token indicates a return of interest in older projects with a strong community that focus on user privacy and autonomy in the digital financial ecosystem.

Despite the decline of leading cryptocurrencies, including Bitcoin BTC $102,973.00 Mezo Wrapped BTC -3.59% Market capitalization $54.06 million VOL. 24 hours $3.69 billion and Ethereum ETH $3,487.34 Bridged Ether (StarkGate) -6.04% Market capitalization $79.83 million VOL. 24 hours $3.59 billion , Dash has become a vivid example of how changing investor sentiment can cause short-term price spikes in certain niche segments of the crypto market.

No Worries strongly advises readers not to invest in dubious crypto projects and little-known digital assets!