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Dash Outpaces Monero With 100% Weekly Gain in Privacy Coin Rally

BeInCrypto
Dash (DASH) surged over 100% weekly, leading the privacy coin rally and surpassing Monero (XMR) in performance and merchant adoption.

Summary

Dash (DASH) has become the top weekly performer among the top 300 cryptocurrencies, achieving a 102.5% gain over the past week, significantly outpacing Monero (XMR). This rally is part of a broader sector-wide interest in privacy coins, fueled by stricter KYC/AML regulations and potential capital rotation away from Zcash due to development team concerns. DASH's recent price jump to $88.5 and a daily trading volume exceeding $1.3 billion made it the highest-traded privacy asset recently. Furthermore, DASH shows a practical edge in adoption, being accepted by 1,682 merchants compared to Monero's 1,225, and recently gained broader accessibility through Alchemy Pay's fiat on-ramp support in 173 countries. Analysts are bullish, suggesting potential upside toward $100, though some caution a correction might occur.

(Source:BeInCrypto)