The $45-Dollar Question: What’s Going On With the Price of Dash?

fingerprint, detective

Some have called it scam, others a cutting-edge digital currency.

Either way, the price of dash has surged in recent days. The digital currency’s price, billed as a faster, more user-oriented bitcoin, is up more than 100% in the past week, reaching a high of close to $60 today, according to CoinMarketCap.com.

Rising as much as 40% yesterday alone, market observers, traders, advocates and critics have taken to social media to give their take on the recent price ramp in a subject that has become a dominating discussion among traders and investors on Twitter.

For those who are new to the subject, dash – originally known as darkcoin prior to its rebranding – has earned its share of supporters and critics in the years since it launched.

During that time, the digital currency’s public-facing image has shifted from one centered more squarely on financial privacy toward one that seeks to highlight its ease of use in online commerce.

But why is this price ramp happening now?

Some have argued that a mixture of exchange integrations and plans for a user experience upgrade (among other technical updates) are behind the speculation that has led to the price increases.

Read more ... source: CoinDesk

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