Dash to $100 in October? 4 Key Drivers Behind the Privacy Coin’s Breakout Potential
As privateness considerations surge in October, Dash (DASH) emerges as a powerful contender for a significant breakout alongside Zcash (ZEC), the main privateness coin.
Many analysts imagine DASH might quickly return to the $100 mark, and even go increased. What helps this prediction? The following evaluation explores 4 fundamental drivers behind this potential transfer.
1. Rising Interest in Privacy Coins
According to a current report from Milkroad, solely two sectors remained worthwhile over the previous month: alternate tokens and privateness cash. The report highlights Zcash, Dash, and Monero as key representatives of the privateness coin resurgence.
The rising public curiosity in privateness has turn into the first main catalyst behind Dash’s rebound. Analysts note that privateness cash have been the best-performing group in the market, posting a mean acquire of greater than 60%.
Search curiosity and media protection for privacy-focused cryptocurrencies have additionally reached their highest ranges since 2017, suggesting that the “privacy culture” within blockchain is awakening once again.
2. Explosive Trading Volume
Dash’s day by day buying and selling quantity in October reached a report high of over $600 million. Data from CoinGecko exhibits that the present day by day quantity stays in the $200–$300 million vary, 10 occasions increased than at the starting of the month.
The final time DASH noticed such robust quantity was in early 2021, when the surge in exercise fueled a rally to $400.
This renewed buying and selling exercise alerts rising investor confidence in the altcoin and will present the basis for one more bullish transfer, doubtlessly mirroring the rally seen in 2021.
3. Whale Accumulation
Another bullish signal comes from the accumulation sample amongst prime DASH wallets.
Data from BitInfoCharts exhibits that the prime 100 addresses have increased their DASH holdings from 25% of the whole provide in early 2025 to greater than 36%, marking a 10-year high.
The focus of provide amongst giant holders has not decreased, even after DASH rose over 100% in October. This stability signifies that whales will not be taking income but, suggesting continued confidence and readiness for one more leg up.
4. Technical Breakout
From a technical perspective, DASH has confirmed a breakout from a multi-year descending wedge sample throughout October’s risky value motion.
This breakout is a traditional bullish sign that always precedes main upward momentum. Analysts imagine it might propel DASH to $100 or past in the coming weeks.
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“Dash might quickly attain $100, and if issues warmth up, it might leap previous $200,” Joao Wedson, Founder & CEO of
Alphractal, predicted.
Despite these optimistic indicators, these catalysts are short-term in nature. If market interest cools, buying and selling quantity declines, or whales start distributing their holdings, DASH’s ability to sustain its growth will rely upon how extensively it achieves real-world adoption.
Ultimately, lasting progress for DASH would require greater than market pleasure—it is going to rely upon whether or not the coin can show real utility and continued demand in the broader crypto ecosystem.
The put up Dash to $100 in October? 4 Key Drivers Behind the Privacy Coin’s Breakout Potential appeared first on BeInCrypto.
