Dash altcoin has jumped by 11% in 24 hours, becoming second to bitcoin, as its capitalisation has exceeded $96 mln.
Dash token rate has risen to 0.025 BTC ($14.47), according to Poloniex exchange. Dash has overtaken ether cryptocurrency in price, which, on the contrary, shows a decrease in the quotation to 0.0197 BTC.
The volume of the dash coin trading has also increased: the daily volume has risen to $4.16 million, according to CoinMarketCap. In this regard, dash becomes the third after bitcoin and both tokens of the Ethereum ecosystem — ether (ETH) and Ethereum Classic (ETC).
Dash system capitalisation has exceeded $96 mln. In the ranking of the most valuable cryptocurrencies, it has taken the seventh place after bitcoin, ether, ripple, litecoin, steem and ETC.
Poloniex exchange is the most popular market platform for dash users. It accounts for about 78.43% of the total volume of dash cryptocurrency trading. Paired with bitcoin, dash can also be bought on BTC-e and Bittrex exchanges.
Dash is built on the bitcoin source code with an addition of its own dual-rank architecture. It was first launched as a fork of bitcoin code in January 2014 by Evan Duffield. It was called XCoin then but later, in February of the same year, it was renamed to DarkCoin. In March 2015, the current name Dash was coined, standing for “digital cash”.
Dash allows users to make immediate payments due to the new system of distributed transaction confirmation by the Masternode network while maintaining the same financial anonymity as cash payments, the official website says. Each Masternode costs 1000 dash. From the launch of the node, users gain about 10% per annum.
Elena Platonova
