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Dash Rallies 15% As Dogecoin ‘Relative’ Shows Positive Movement

Dash (CRYPTO: 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 as a fork of Litecoin (CRYPTO: LTC) in 2014.

DASH’s rally can be attributed to the LTC price surge. LTC, also known as Dogecoin (CRYPTO: DOGE) ‘relative,’ is gaining massive momentum, spiking 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 news that Web3 and VR gaming studio Thirdverse raised $15 million in the latest funding round, which was backed by B Dash Venture (the company behind DASH token), positively impacted the token.

The market capitalization 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.

Price Action: DOGE was trading at $0.08257, up 1.93% in the past 24 hours, according to Benzinga Pro.
Read Next: A Look At Bitcoin, Ethereum And Dogecoin Heading Into Thanksgiving, Black Friday, The Weekend

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