The price of top altcoins has grown drastically over the last weekend. Cryptocurrencies like ether, Dash, monero and others have added almost 50%.
The ether token has added 46.6% in price as compared to 10 March and is now trading at $0.02185. Dash has soared by 49% to $78. Emercoin grew by 38% to $0.297. The price of other altcoins — monero, Ethereum Classic, MadeSafeCoin, Augur, Zcash, Waves, Dogecoin, Decred, etc. — has also grown. Monero ended the weekend having outrun Ripple by market cap volume and took the fourth place in the ranking according to CoinMarketCap.
Ryan Taylor, finance director of Dash, believes that in the near term the main goal for the Dash team is to double the coin’s market capitalisation.
“We’re doing the planning that takes us to 1 billion,” he said. Currently, the capitalisation of the Dash system is $554 million. It occupies the third place in the CoinMarketCap’s ranking after bitcoin and ether.
Crypto enthusiasts expect Dash to overcome the $100 mark pretty soon. Reddit users have different estimates: some suggest that the barrier may be reached in three days, others assume that it could happen in a couple of weeks or even by the end of summer. Dash exchange rate may rise drastically after the commission-free payment system Evolution is released. But the date of its launch is still unknown.
The altcoins price growth began on 10 March after the US Securities and Exchange Commission (SEC) published its decision on Winklevoss bitcoin ETF. SEC rejected the application of Tyler and Cameron Winklevoss to register the first stock exchange investment fund tied to bitcoin rate.
The rejection triggered a bearish trend on bitcoin exchanges with the price almost hitting $1,000. The correction trend brought bitcoin back to $1,200 on 11 March. Monday 13 March saw the cryptocurrency restored to the pre-crisis level at $1,226.