How Did Dai’s Price Fare Yesterday?
At the time of this writing, Dai has a price of $1.002 USD, which puts it down by approximately 0.2% from yesterday. The past 24 hours mark a reversal in price from the day prior; it should be noted, though, that price is still in a down trend, and is currently 0.77% below its 20 day moving average. Staying above this level may be critical to sustain short-term momentum. 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 $0.995285 and $1.024215. Price’s current proximity to the bottom of the range may make buying an attractive opportunity to traders interested in trading the range.
Where to trade Dai (symbol: DAI): Gate, Yobit, DDEX, Ethfinex
As for Dai’s market cap, it is currently at about $87M US dollars.
Daily Engagement Metrics Update
Yesterday we did not see any 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 down by approximately 0. Our engagement rank, which combines weekly percentage growth in number of holders and number of transfers, has Dai ranked 3 out of the 30 Ethereum tokens we’re tracking.
Just How Rich are Dai’s Richest Holders?
The top 1,000 Dai wallets hold over 95% of the token’s total money supply. If we focus on exchanges, which may be an correlated with liquidity and greater confidence in the currency, the exchange wallets that are in the top 1,000 wallets own 5.09% of the currency’s total money supply. The week over week growth rate in the share of the total supply of the top 1,000 wallets has changed by 0.01%; as for the share of the total supply owned by exchange wallets within the top 1,000 wallets, that has changed by 0.72%. As for the Dai’s smart contract itself, that owns 0.04% of the total money supply, an amount unchanged from the week prior.
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 20, 2019, or approximately 2 days before. Over the past 30 days, we’ve seen open issues across Dai’s GitHub repositories grow by -0.2 per day on average, while the number of watchers has grown by -0.97.
What’s Going on Social Media?
Traders interested in following Dai has the biggest presence on Twitter, where it has 30,874 users engaged. 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
