Recently, the crypto world has become lively again. Not only Bitcoin and Ethereum are moving, but some old-school altcoins that have been dormant for years are also starting to show frequent activity. Among them, DASH's performance is particularly eye-catching—over 40% increase in 24 hours, with the price rising from below $60 to over $80, and trading volume also expanding, making many people feel itchy.



Some say, is DASH's current trend about to replicate the "sky-high" rise of ZEC? After all, both are privacy coins. ZEC's previous sharp surge indeed made many early investors envious. Now that DASH suddenly kicks off, it's hard not to imagine similar stories.

From the news perspective, several factors are driving DASH's rally: First, the overall warm-up of the privacy coin sector, with market renewed interest in the "privacy + metaverse" narrative; second, it recently announced a partnership with Alchemy Pay, opening up fiat on-ramps across hundreds of countries, facilitating capital inflow. Plus, recent stable US CPI data has boosted market sentiment. These fundamentally supported old coins naturally attract capital.

Technically, DASH's short-term moving averages are already showing a bullish alignment, and the MACD is above the zero line, indicating a strong momentum. However, after a sharp rise, the momentum may gradually weaken, and volatility could increase. In such a market, spot traders are better off—if it drops, they can hold; for futures traders, it’s a matter of heaven or hell—either get rich or get liquidated.

Therefore, for ordinary retail investors, instead of risking their capital on futures markets, it’s wiser to stick to spot trading and swing strategies. These old altcoins often surge quickly and fall just as fast. When the trend is strong, go with the flow; once the price stagnates or reverses, know when to take profits. After all, unlike Bitcoin, which has long-term consensus support, these coins rely more on short-term narratives and capital injection.

Whether DASH can really become the second ZEC is anyone’s guess. The crypto story is always changing; today’s hot spot might cool off tomorrow. In such a market, staying alert is more important than blindly chasing highs—remember, no matter how crazy the rise, only those who take profits are truly winners. $DASH #加密市场观察
DASH-3,18%
View Original
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)