{"id":16696,"date":"2017-03-16T00:00:00","date_gmt":"2017-03-15T16:00:00","guid":{"rendered":"https:\/\/www2019.dash.org\/2017\/03\/16\/dash-shock-growth-sees-altcoin-100-barrier-breached\/"},"modified":"2021-09-18T11:40:02","modified_gmt":"2021-09-18T11:40:02","slug":"dashshock","status":"publish","type":"post","link":"https:\/\/wp.dash.org\/news\/dashshock\/","title":{"rendered":"Dash Shock Growth Sees Altcoin $100 Barrier Breached"},"content":{"rendered":"
Privacy-focused altcoin Dash has further increased its exponential gains to surpass $100 per coin, having shot up 25 percent in 24 hours.<\/p>\n
Defying even its own developers\u2019 expectations, the asset has surprised investors and the wider community, again and again, jumping from $23 to $100 in just one month<\/a>.<\/p>\n While Vinny Lingham described altcoin markets this week as a bubble and warned of an imminent crash<\/a>, Dash has continued growing without significant retraces.<\/p>\n Nonetheless, as other coins in the top 10 level off<\/a>, several having themselves set new highs, Dash developers have publicly admitted their coin\u2019s surge has left them underprepared.<\/p>\n Director of finance Ryan Taylor said in an interview<\/a> with Dash analyst Amanda B. Johnson last week:<\/p>\n \u201cWe had a strategic plan that was really meant to take us up to around $100 to 200 mln dollars (market cap) and, at this point, we have obviously quickly moved past that so fast that we\u2019re a little back on our heels again and having to do the next planning that gets us to $1 bln.\u201d<\/p>\n Taylor made the comments when Dash was still at around $45.<\/p>\n \u201cDeploying those kinds of resources efficiently and for the maximum benefit of the network is going to be difficult to do,\u201d he added.<\/p>\n Ethereum meanwhile continues its own trend-setting, surpassing the $30 barrier in the past hour. Conversely, Monero has appeared to slow down and even slightly backtrack on personal highs<\/a> achieved in the last few days, with a continuation of recent gains less apparent.<\/p>\n