DASH Soars Past $1,500 Marking A 700% Growth In Less Than 2 Months

Over the past weekend, Dash’s price has surpassed $1,000 for the first time in history, after sitting near to the $300 mark in November this year. Today, the digital currency has passed $1,500 per coin, marking an insane growth of more than 700% in a two month period of consolidation.

From the base price of $274 seen on November 2nd this year, it took only six weeks for the currency to achieve a high of $1,570 today. Currently, Dash is sitting at $1,506 but won’t be long until it reaches new heights, according to experts.

Dash began 2017 with a base price of only , bringing about 139-fold gains so far this year.
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The recent rise has been due to new software update and bigger blocks. The well anticipated software upgrade is named Dash 12.2 – which includes a number of fixes, code to increase the block size to 2MB and many other changes that are needed for the project’s major Evolution release that will occur in 2018.

As the core developer UdjinM6 wrote in the official 12.2 update, the novelties in Dash’s platform include:

• “DIP0001 implementation (which is a 2MB block upgrade);
• Transaction fee reduction 10x (activates via DIP0001 activation);
• InstantSend vulnerability fix (activates via DIP0001 lock in);
• PrivateSend improvement which should allow user to have mixed funds available much faster;
• Various RPC changes;
• Lots of backports from Bitcoin Core and refactoring of our own legacy code which should improve performance and make code more reliable and easier to review;
• Experimental HD wallet with BIP39/BIP44 support.”

Additionally, Dash will operate on bigger blocks and pair with Bitcoin Cash while adopting on-chain scaling too. Eventually, Dash plans to increase its block size to 5MB planned soon and hundreds of megabytes in the future.

The evolution of Dash has put it in the list of the most successful cryptocurrencies. The developers behind the virtual currency have been working on a major upgrade for over a year and are laying the foundation to making the cryptocurrency transparent and worth investing in.