Overview
- Dash climbed roughly 25–30% to about $90–$92 on Nov. 2, pushing its market value above $1.1 billion and marking the strongest level since 2022.
- Spot turnover swelled about 193% to roughly $1 billion and derivatives volume rose to about $1.37 billion, with data providers also showing a sharp rise in open interest.
- Coverage links the surge to an official post outlining 2025 milestones, including merchant payments via DashSpend, a cross-chain listing through Maya Protocol, and the Evolution upgrade introducing usernames and smart contracts.
- Futures positioning tilted bullish with a positive long–short ratio and millions of dollars in short positions liquidated over the weekend, signaling momentum but highlighting leverage risk.
- The move tracks a broader privacy-coin upswing led recently by Zcash, and traders cite breakout targets near $95–$100 while warning that a fast run-up can give way to corrective pullbacks.