Dai: What’s the Latest Regarding its Price?
Dai’s current price, at the time of this writing, is $1.011 USD, down by approximately 0.3% from the day prior. Yesterday’s down day is a reversal of the day before it; in terms of trend, though, note that the current price is now 0.14% 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 $1.002894 and $1.016206. Given its boundaries, rangebound traders may find it compelling to entertain selling, as we are nearer to the top of the range.
Where to trade Dai (symbol: DAI): Gate, Yobit, DDEX, Ethfinex
As for Dai’s market cap, it is currently at about $78M US dollars.
Update on Transactions and Holders
Over the past 24 hours, 6,450 transfers have been added to the blockchain recording transactions amongst holders of Dai. As for the number of holders, yesterday saw the number of wallets holding Dai rise by 701. To provide context, we’d rank this token as 8 out of the 30 Ethereum tokens in our index based on percentage growth in engagement over the past 7 days.
Observing Dai’s Richest Wallets
In terms of wealth concentration, the richest 1,000 wallets own 94.83% of the coin’s total money supply. Drilling down to just exchanges, the top 1,000 wallets that are exchanges control 4.04% of the currency’s money supply. The week over week growth rate in the share of the total supply of the top 1,000 wallets has changed by 0.58%; as for the share of the total supply owned by exchange wallets within the top 1,000 wallets, that has changed by -0.13%. As for the Dai’s smart contract itself, that owns 0.04% of the total money supply, an amount unchanged from the week prior.
How Active are the Software Developers?
Dai has been active recently on its GitHub repos, with its most recent code updates occurring today, September 06, 2019. 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 -0.03 per day, while the number of followers watching Dai’s repositories is growing by -0.5.
Dai’s Social Media Presence
Social media growth, in terms of Twitter followers and Reddit subscribers, came in at up 40 and 8 over the past day for Dai. Traders interested in following Dai has the biggest presence on Twitter, where it has 30,285 users engaged. 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
