Dash Surges 125% Amid Privacy Coin Boom, and at the Expense of Zcash
Cointelegraph
Dash's price surged 125% due to capital rotation from Zcash following governance issues, but faces a critical resistance level.Summary
Dash (DASH) experienced a significant rally, surging 125% to reach $79.60, primarily driven by capital rotation from rival privacy coin Zcash (ZEC) after its development team resigned amid governance disputes. Dash benefited as a catch-up trade after Monero (XMR) initially led the privacy coin sector gains. The rally was also supported by the narrative surrounding privacy following the EU’s DAC8 directive taking effect and a partnership with Alchemy Pay expanding fiat access. Technically, DASH is approaching a multiyear descending trendline resistance from its 2018 peak; a failure to break this level could signal an overheating rally, potentially leading to an 80% correction down toward $17.
(Source：Cointelegraph)