Dai: What’s the Latest Regarding its Price?
Dai’s current price, at the time of this writing, is $1.012 USD, up 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 a unclear trend, and is currently 0.14% above its 20 day moving average. Staying above this level may be critical to sustain short-term momentum. In terms of an expected trading range, the Bollinger bands on Dai suggest price may bounce between $1.007222 and $1.013878 based on its momentum and volatility over the past 14 days. Given its boundaries, rangebound traders may find it compelling to entertain shorting, as we are nearer to the top of the range.
Where to trade Dai (symbol: DAI): Gate, Yobit, DDEX, Ethfinex
The currency’s market cap currently stands at $80 million US dollars.
Update on Transactions and Holders
6,443 transactions amongst holders of Dai occurred yesterday. As for the number of holders, yesterday saw the number of wallets holding Dai rise by 830. To provide context, we’d rank this token as 3 out of the 32 Ethereum tokens in our index based on percentage growth in engagement over the past 7 days.
How are the Strong Holders of Dai Faring?
In terms of wealth concentration, the richest 1,000 wallets own 95.01% of the coin’s total money supply. The percent of the currency that is owned by wallets that are both belonging to exchanges and in the top 1,000 richest wallets of the token comes out to 4.2% 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 0.06% over the past week. For the exchange wallets within the richest 1,000 wallets, their share has grown by -0.3%. 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?
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 11, 2019 (today). 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 -0.27 per day, while the number of followers watching Dai’s repositories is growing by -0.4.
The Latest on Dai and Social Media
Social media growth, in terms of Reddit subscribers, came in at up 4 over the past day for Dai. Twitter appears to be the most popular place to follow the company, and thus may be worth monitoring. Here is the Twitter page for Dai.
Where to Buy
You can trade Dai, listed under the symbol DAI, through the following exchanges: Gate, Yobit, DDEX, Ethfinex.
Article by SixJupiter
