DASH Goes Wild: As Mining Accelerated, Price Heads for $600

DASH, or digital cash, has been aiming to be a spendable coin- but it may turn into a store of value as its pricerapidly appreciateson interest from Korean buyers. After a few months moving slightly upward and back down again, DASH has accelerated the trend, growing by 20% in the past 24 hours and steadily moving above the $570 level.

The DASH market price has taken off and nearly doubled in the past month. More than 45% of the weight of DASH trading comes from the Korean exchange Bithumb. And on smaller exchanges, DASH trades at a premium up to $700 per coin.

DASH is an ASIC-mined coin with a second tier of master nodes. Recently, a new batch of D3 Antminer machines has hit the markets, and the additional hashing power to the network has increased to above 1PH/s. At the moment, the hash rate is 1.3 PH/s, with a recent peak at 1.8 PH/s.

DASH remains an attractive coin with a road map of scaling for the heightened transaction load expected. In addition to planned increases in block size, DASH also works on its second-tier verification network of stakeholders for faster, but still secure transactions.

#KeeneBitcoin Vending Machine Becomes Cryptocurrency Vending Machine, Adds#DASH!#DigitalCash#Cryptohttps://t.co/HeYaq5dcYb — DASH (@Dashpay) November 20, 2017

And as of November 8, DASH has been working witha larger block sizeand lower transaction fees.

At the beginning of the month, DASH had another bout of heightened buying interest and peak volumes, when it pushed steadily above the $400 levels. DASH trading volumes are now around $300 million.

DASH is among the top coins, but still lags in popularity and adoption. At the same time, the project has a well-funded promotional team that may continue to expand the position of DASH in the coming months and years.