DASH surges 38, amid soaring demand for privacy coins
The post DASH surges 38, amid soaring demand for privacy coins appeared com. Key Takeaways What triggered Dash’s recent price surge despite the broader crypto bear market? Rising demand for privacy coins and Dash’s new feature announcements fueled strong buying momentum. What technical level must Dash maintain to sustain its bullish outlook? Dash needs a daily close above $74 to avoid retracing back to $61. After facing rejection at $150, Dash [DASH] faced intense bearish pressure, hitting a low of $61. However, the past day, Dash successfully defended this level and jumped to a local high of $98 before slightly retracing. At the time of writing, DASH was trading at $89. 51, marking a 39. 76% increase on the daily charts. Over the window, its volume surged 242% to $752 million, indicating steady capital flows. So, why is Dash up today? Sector-wide breakout Interestingly, aside from Dash, privacy-themed coins have also experienced a massive uptick. As Bitcoin [BTC] and the broader crypto market are in a bear market, investors have rotated significant capital into privacy coins. This is the case because of the rising concerns over online monitoring and strict regulations. As a result, coins that hide transactions have become increasingly attractive. With increased blockchain tracking and reporting, users have sought ways to keep their activities private. Examining upgrades Significantly, amid favorable market conditions, the Dash team announced another feature to increase adoption. The team reported that they were working on a new ‘killer’ feature, ‘Dash-to-Anything,’ that no other crypto has. This feature aims to help Dash gain worldwide adoption as a form of money, thereby pivoting it into a globally applicable asset. In addition, the team revealed that it was working on a privacy-centered DashPay Wallet. The wallet will give users total control of their funds and activities without any privacy concerns. Demand rebounds across the market Significantly, demand for privacy coins is soaring;.