Dash Price Surges 17% as Zcash ETF Tops $400M, Pulling Privacy Coins Higher

TLDR

• DASH jumped 17.5% to $56.85, its highest price since May, following a Zcash-driven privacy coin rally
• Grayscale’s spot Zcash ETF crossed $400M in assets after listing on NYSE Arca on August 25
• DASH is up roughly 85% from its mid-August low near $30
• A golden cross between the 50-day and 200-day EMA adds technical support to the rally
• Holding $52 opens a path to $72; losing it risks a pullback toward $40

DASH opened September 4 at $47.46 and climbed as high as $56.85 before settling near $55.76. The move marks DASH’s highest price since May and came alongside a broader rally in privacy-focused cryptocurrencies.

The catalyst appears to be Grayscale’s spot Zcash fund. It listed on NYSE Arca on August 25 with just over $300 million in assets and has since crossed $400 million. ZEC pushed above $1,000 during that stretch and entered the top ten in market cap for the first time.

🚨BREAKING: Zcash SMASHES through $1,000, hitting a new ALL-TIME HIGH.

Zcash has blown past $1,000 for the first time in a decade, marking a massive comeback for the privacy-focused cryptocurrency.

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