Dash Soars 56% to $145.95 in Privacy Coin Rally
Dash has seen two rapid rallies this week. On November 1, the privacy coin jumped 56% to $72.66, lifting its market cap to $902.3 million. Three days later, Dash surged again, adding 50% in 24 hours to reach $145.95 and pushing its market cap to $1.8 billion. Trading volume topped $2 billion, triggering $1.34 billion in liquidations, of which 88% were long positions. This momentum outpaced rivals like Zcash and Monero, signaling a potential privacy coin season amid Bitcoin’s dip below $105,000. Dash’s hybrid PoW/PoS model, optional coin mixing and masternode governance underpin its appeal. Real-world use cases in emerging markets and a 25% year-on-year rise in privacy network volume, per Chainalysis, support Dash’s long-term value. Despite trading 91% below its 2017 high, traders should monitor Bitcoin levels, privacy coin momentum and liquidation risks for short-term entries.
Bullish
Dash’s successive price surges, record trading volume and market cap gains indicate strong bullish sentiment. In the short term, traders can leverage momentum but must manage high liquidation risk amid Bitcoin volatility. Over the long term, Dash’s hybrid PoW/PoS design, masternode governance, optional mixing, real-world merchant use cases and rising privacy network volume support sustained demand. Overall, these factors point to a bullish outlook for Dash.