How Did Dai’s Price Fare Yesterday?
At the time of this writing, Dai has a price of $1.005 USD, which puts it down by approximately 0.1% from yesterday. Dai enters the day 0.1% above its 20 day moving average, but is experiencing its the 2nd day in a row down. Dai’s expected trading range — as forecasted by the Bollinger bands indicator, which determines a range based on momentum and volatility over the past two weeks — is between $0.996996 and $1.011014. As we are closer to the top of that range, rangebound traders may wish to consider exploring selling opportunities.
Where to trade Dai (symbol: DAI): Gate, Yobit, DDEX, Ethfinex
As for Dai’s market cap, it is currently at about $79M US dollars.
Daily Engagement Metrics Update
Over the past 24 hours, 4,250 transfers have been added to the blockchain recording transactions amongst holders of Dai. In terms of estimating the number of holders, over the past day the total number of wallets holding Dai has gone up by approximately 146. To provide context, we’d rank this token as 1.5 out of the 32 Ethereum tokens in our index based on percentage growth in engagement over the past 7 days.
Observing Dai’s Richest Wallets
Of the coin’s total money supply, the richest 1,0000 wallets currently own 95.04%. Drilling down to just exchanges, the top 1,000 wallets that are exchanges control 7% of the currency’s money supply. Exchange ownership grew by -0.46% over the past week, while the overall ownership percentage of the top 1,000 richest wallets grew by 0.09% over that time period. Dai’s smart contract owns approximately 0.04% of its own total money supply. This amount hasn’t changed over the past week.
How Active are the Software Developers?
In terms of how active the software development team working on Dai is, it may be worth observing that the last time any work pertaining to code was done on their GitHub code repository was on August 24, 2019, or approximately 1 days before. To understand how code development is progressing, we can observe growth rates over the past 30 days in the number of open issues and the number of watchers: open issuers have been growing at about 0.33 per day, while the number of followers watching Dai’s repositories is growing by 1.27.
Dai’s Social Media Presence
In the past day, Dai’s Twitter followers and Reddit subscribers went up by 33 and 7, respectively. If you are interested in following Dai on social media, Twitter, where it has 29,840 following it, may be a good place to start. You can follow Dai on Twitter here.
Where to Buy
You can trade Dai, listed under the symbol DAI, through the following exchanges: Gate, Yobit, DDEX, Ethfinex.
Article by SixJupiter
