Today seems to be a good day for all cryptocurrencies focusing on privacy and anonymity. While the Monero price is going through some natural growth, the Dash price seems to be getting a nice pump right now. More specifically, the value has risen by 9.02% out of the blue. This also means the Dash price has risen above $300 for the first time in over a week again. An interesting development to keep an eye on,  that much is evident.

Dash Price Peaks Above $300 Again

The past week wasn’t the best for the Dash price by any means. For an altcoin which was worth over $400 not that long ago, things have almost come to a standstill as of late. More specifically, the Dash price has been stuck below $300 for quite some time now and even dipped to $250 a few days ago. Then again, virtually all altcoins suffered from major setbacks to the Bitcoin price momentum over these past few weeks.

To put this into perspective, the Dash price hit a low of $251.56 on November second. This was a day during which the Bitcoin price started noting some massive gains, resulting in major losses for all alternative cryptocurrencies. Ever since that day, things have finally started looking up again for Dash, as the value seemed to steadily rise to $280. However, it has taken a while until the Dash price surpassed this mark, as it only occurred late last night.

This brings us to the current Dash price of $301.5. No one really expected any major gains in this regard, but the cryptocurrency market has an odd way of making things happen regardless. Over the past few hours, we have seen the Dash price increased by 9.02% in USD value and 11.68% in BTC value. Any altcoin gaining on Bitcoin right now seems to be in a good place, even though it remains to be seen if these gains are more than temporary pump-and-dump cycles.

Looking at the Dash trading volume, we see some correlations with how things are evolving for Monero right now. The overall trading volume itself is still pretty low, as $93.76m is nothing to get excited about whatsoever. It is evident all altcoins should have at least $250m every day to be taken even remotely seriously, yet very few of them can actually get to that level right now. In the case of Dash, reaching that number has been possible in the past, though, albeit it is a rarity.

No one should be surprised to see Bithumb generate most of the Dash trading volume right now. This company is doing all altcoins some big favors right now. It will be interesting to see if this Bithumb momentum will effectively result in lasting gains for all supported altcoins. Right now, that is a big question that can’t be answered properly. It seems all of the trading markets on this exchange see some decent volume, rather than just one currency getting the majority of it.

In the end, it is good to see the Dash price over $300 again. It is time altcoins start to recover rather than remain stuck in sideways momentum for an extended period of time. The Bitcoin price momentum is slowly running out of steam, especially with the SegWit2x hard fork looming close. An interesting few weeks are ahead for all cryptocurrencies, that much is evident. The rankings by market cap can look very different on Christmas Eve.