All Eyes On Dash As Currency Surges 60%
It’s been a tumultuous week for cryptocurrencies, yet with all eyes on Bitcoin and Bitcoin Cash, the digital currency Dash has experienced an impressive surge over the past 24 hours. Earlier in the day, Dash was valued at $319 each. Less than 12 hours later, the price had surged to $520 before retreating to $460 at press time.
Among a sea of red, Dash stood out as one of the day’s biggest gainers, up over 60 percent at its peak. The obvious question is why.
Big blocks activation
As Bitcoin’s big blockers gave up hope following the cancellation of SegWit2x, Dash had already begun the process of activating a block size upgrade on its own network, boosting blocks to 2MB. While Bitcoin Cash is by far the favorite of the big block crowd, it’s possible some have placed at least a portion of their funds in Dash.
Read more on The CoinTelegraph.