It seems to be only a matter of time until most cryptocurrency users will value the privacy aspect of certain altcoins. Bitcoin, Ethereum, Litecoin, and others all lack privacy by default. Although some currencies will introduce changed in this regard, it remains to be seen how all of that will play out. For now, we see the Dash price slowly approach the $1,000 mark for the first time in history. A monumental development for this privacy-oriented altcoin, to say the very least.

Dash Price Wants to Hit That $1,000 Mark

Similar to most other cryptocurrencies throughout 2017, we have seen a massive price increase as far as Dash is concerned. Thanks to some solid marketing efforts and masternode holders being rewarded for locking up funds early when it was cheap, the Dash price has exploded exponentially. More specifically, we have seen the Dash price rise from under $10 all the way to the current level of $916.83 in quick succession.

Any currency focusing on privacy will be in high demand sooner or later. This means there will be more gains for the Dash price moving forward, to say the least. Other currencies in this industry will also have their time to shine, although it seems Dash is the clear favorite by now. Its huge amount of coins locked in masternodes reduces the circulating supply as well, which means it is more expensive to buy this altcoin by default due to a small supply being made available.

Although the Dash price usually doesn’t go up by much over a 24-hour period, things are progressing steadily. With a price of $640 a few days ago, it is evident the small daily gains are paying off in the long run. Right now, it is only a matter of time until we see the Dash price hit that $950 mark, and $1,000 is certainly within reach. It will all depend on whether or not we will see any major corrections in terms of BTC value for this altcoin, although that doesn’t appear to be the case right now.

Thanks to just $161.4m in 24-hour trading volume, the Dash price was able to gain another 5.07% in USD value. Moreover, the altcoin also gained 3.74% on Bitcoin, which is moving up at the same time. A very interesting correlation between Bitcoin and altcoins is forming as we speak. It seems Bitcoin’s price increases aren’t necessarily driving the BTC valuation of altcoins down any further.

HitBTC is the leading exchange for Dash in terms of volume, which is somewhat surprising. Although a solid exchange, HitBTC rarely generates any noteworthy volume. Their trading volume is twice as high as Binance’s and Bithumb’s. Another interesting trend worthy of keeping an eye on. This also means most people are moving from Bitcoin to altcoins, rather than investing fresh capital. This doesn’t have to be a bad sign by any means, but it’s worth putting into perspective regardless.

Whether or not the Dash price will break the $1,000 resistance this weekend, is anybody’s guess. Slow and steady wins the race for most long-term altcoins, and Dash is doing the job just fine in this regard. It is evident there will be a four-digit valuation party at some point for Dash, but it may have to wait a few days. Then again, it could also happen today, as cryptocurrency is unpredictable by design.