How Did Dai’s Price Fare Yesterday?
Dai’s current price, at the time of this writing, is $1.011 USD, down by approximately 0.1% from the day prior. The past 24 hours mark a reversal in price from the day prior; it should be noted, though, that price is still in an up trend, and is currently 0.2% above its 20 day moving average. Staying above this level may be critical to sustain short-term momentum. Traders looking for a range to trade within may wish to note that the Bollinger bands (a price indicator based on recent momentum and volatility) for Dai imply the currency may oscillate between $1.004602 and $1.013398, based on how price has behaved in the two weeks prior. As we are closer to the top of that range, rangebound traders may wish to consider exploring shorting opportunities.
Where to trade Dai (symbol: DAI): Gate, Yobit, DDEX, Ethfinex
The currency’s market cap currently stands at $78 million US dollars.
Daily Engagement Metrics Update
9,726 transactions amongst holders of Dai occurred yesterday. In terms of estimating the number of holders, over the past day the total number of wallets holding Dai has gone up by approximately 1904. Our engagement rank, which combines weekly percentage growth in number of holders and number of transfers, has Dai ranked 8 out of the 30 Ethereum tokens we’re tracking.
Just How Rich are Dai’s Richest Holders?
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 4.61% 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 -0.02%; as for the share of the total supply owned by exchange wallets within the top 1,000 wallets, that has changed by 0.39%. Dai’s smart contract owns approximately 0.04% of its own total money supply. This amount hasn’t changed over the past week.
Technical Development Status
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 September 07, 2019 (today). Over the past 30 days, we’ve seen open issues across Dai’s GitHub repositories grow by -0.03 per day on average, while the number of watchers has grown by -0.43.
What’s Going on Social Media?
If you are interested in following Dai on social media, Twitter, where it has 30,285 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
