Dash and Cosmos (ATOM) went wild thanks to staking

Not only the flagship Bitcoin benefits from the upswing in the crypto market. The altcoins are also doing a remarkable rally. The top performers include Dash and Cosmos (ATOM), which show the different powers of the crypto market.In the slipstream of the crypto draft horses Bitcoin and Ethereum, all Altcoins are currently in top form. Like BTC and ETH, they benefit from massive capital inflows. In the past four weeks alone, almost $ 500 billion has flowed into the crypto market. With currently 1.5 trillion US dollars, the overall market is more liquid than ever before. If the trend continues, the symbolic US $ 2 trillion mark is only a matter of weeks. There are very different causal relationships that favor the current shift of assets into crypto assets. Staking demand, DeFi growth, or network upgrades: the levers are as diverse as the crypto ecosystem. The different effective forces can be exemplified on Dash and Cosmos (ATOM).Dash is still more than $ 1,000 away from its record high of 2017. With a weekly plus of over 100 percent, the privacy coin growth curve is currently pointing steeply north. In addition to a general mood of optimism in the crypto market, the Dash rally is explained in particular against the background of the approaching Dash platform.The Dash platform has been in development since 2015 and is considered a Dash showcase project. At the end of 2020, the Dash Core Group announced the release for the Dash platform on the testnet and thus set the countdown for the transfer to the mainnet. As a decentralized cloud storage system, the platform will in future compete with the centralized top dogs Amazon and Google. Users can send and save data via the Dash platform, but unlike Google and Co., they should not be monetized…