The privacy coin Dash has witnessed a slight upturn of 2.31% over the past 24 hours. It is ranked as the 86th largest digital currency in the market and is currently priced at $41.79. Dash was launched in January 2014 as a hard forked version of Litecoin, with the intention of providing individuals with the reassurance of online privacy. It is an established cryptocurrency, which has been equally influenced by the industry regulatory framework, which led to a steep decline in its performance. This has encouraged investors to turn their attention to low capitalised altcoins with the potential to generate higher price upsurges.

Dash has managed to stay afloat due to its multiple utilities, including a payment token and a Masternode coin. Additionally, it carries substantial recognition among crypto investors and users who tend to purchase the coin in light of its promise as a fully secure and private digital asset. Regardless of the low capitalisation of the cryptocurrency in comparison to the prominent meme coins, Dash records a notable trading volume, surpassing the likes of PEPE, Milady and FLOKI.

The recent growth of DASH has revived the interest of privacy coin usage among the masses. It speaks to a much larger conversation regarding the role of Dash in the blockchain ecosystem, a conversation that is far less concerned with the hype surrounding the existing meme coins. The value and utility of Dash still remains as it was initially envisioned, and it may be be beneficial to reflect on the role of Dash in the cryptomarket compared to that of the meme coins in terms of short term gains.



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