How Did Dai’s Price Fare Yesterday?
Dai is up by approximately 0.4% from the previous day, with its price currently hovering around $1.015 USD. Yesterday’s up day is a reversal of the day before it; in terms of trend, though, note that the current price is now 6.01% above its 20 day moving average, and is currently in an up trend over the past 14 days. 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 $0.951517 and $0.963483. Price’s current proximity to the top of the range may make selling an attractive opportunity to traders interested in trading the range.
Where to trade Dai (symbol: DAI): Gate, Yobit, DDEX, Ethfinex
The market capitalization of Dai, or the amount of US dollars it would take to buy up all the circulating coins, is currently estimated to be $78 million.
Straight Off the Chain
Yesterday saw 5,055 transfers 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 74. If we observe percentage growth in holders and transfers, we find that Dai ranks 9 out of the 30 Ethereum tokens we are tracking.
Observing Dai’s Richest Wallets
Of the coin’s total money supply, the richest 1,0000 wallets currently own 94.9%. Drilling down to just exchanges, the top 1,000 wallets that are exchanges control 5% of the currency’s money supply. In terms of growth rates, the share of total supply of the richest 1,000 wallets has grown by -0.14% over the past week. For the exchange wallets within the richest 1,000 wallets, their share has grown by -2%. The underlying smart contract itself for Dai owns 0.04% of the total money supply; over the past week, this amount has not changed.
How Much Development is Occurring?
The last activity date on Dai’s GitHub repository was August 31, 2019, or about 1 days ago. Growth rates for open issues — a “”to-do list”” of sorts and watchers (“”subscribers”” following a code repository) for Dai are growing by 0.37 and -0.3, respectively, over the past 30 days.
The Latest on Dai and Social Media
In the past day, Dai’s Twitter followers and Reddit subscribers went up by 39 and 1, respectively. If you are interested in following Dai on social media, Twitter, where it has 30,087 following it, may be a good place to start. Use this link to follow Dai on Twitter.
Where to Buy
You can trade Dai, listed under the symbol DAI, through the following exchanges: Gate, Yobit, DDEX, Ethfinex.
Article by SixJupiter
