How Did Dai’s Price Fare Yesterday?
Dai is up by approximately 0.3% from the previous day, with its price currently hovering around $1.007 USD. 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 0.34% below 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 $0.99531 and $1.02559, based on how price has behaved in the two weeks prior. Price’s current proximity to the bottom of the range may make buying an attractive opportunity to traders interested in trading the range.
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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 $81 million.
Update on Transactions and Holders
Yesterday we did not see any transfers amongst holders of Dai. As for the number of holders, yesterday saw the number of wallets holding Dai fall by 0. To provide context, we’d rank this token as 5 out of the 31 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 94.51% 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 4.26% 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 -0.52%; as for the share of the total supply owned by exchange wallets within the top 1,000 wallets, that has changed by -0.79%. 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 Active are the Software Developers?
Dai hasn’t had any activity on any of its GitHub repos since September 25, 2019 — 2 days prior. Over the past 30 days, we’ve seen open issues across Dai’s GitHub repositories grow by -0.1 per day on average, while the number of watchers has grown by 0.5.
What’s Going on Social Media?
If you are interested in following Dai on social media, Twitter, where it has 31,088 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
