DASH jumps 15.64% to $34.35, tops CoinMarketCap's list of top cryptocurrencies

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DASH jumps 15.64% to $34.35, tops CoinMarketCap's list of top cryptocurrencies

The currency of Dash DASH surged over 15.64% on Wednesday, topping CoinMarketCap's gainers of the day.

What Happened: At the time of writing, DASH was trading at $43.11, finding support at $34.35. The token was launched in 2014 as a fork of Litecoin LTC USD.

The LTC price surge is credited with DASH's rally. LTC, also known as DOGE USD relative, has gained immense momentum, jumping 33.07% in the past seven days, trading at $77.19 at the time of writing.

See More: Best Cryptocurrency to hedge against inflation.

The announcement that Thirdverse and Web 3 raised $15 million in the latest funding round, backed by B Dash Venture, the company behind DASH token, positively impacted the token.

The market value of DASH has increased by 26.94% to $469 million in the past seven days and its 24 hour trading volume has risen by 95.07% to $144 million.

The price action: DOGE was trading at $0.08257, up 1.93% in the past 24 hours, according to Benzinga Pro.

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