Dai Price Update
At the time of this writing, Dai has a price of $1.006 USD, which puts it down by approximately 0.1% from yesterday. 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% above its 20 day moving average, and is currently in a unclear trend over the past 14 days. In terms of an expected trading range, the Bollinger bands on Dai suggest price may bounce between $1.00215 and $1.00995 based on its momentum and volatility over the past 14 days. Given its boundaries, rangebound traders may find it compelling to entertain buying, as we are nearer to the bottom of the range.
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As for Dai’s market cap, it is currently at about $80M US dollars.
Straight Off the Chain
Yesterday saw 5,555 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 up by approximately 227. If we observe percentage growth in holders and transfers, we find that Dai ranks 5 out of the 32 Ethereum tokens we are tracking.
Observing Dai’s Richest Wallets
In terms of wealth concentration, the richest 1,000 wallets own 94.95% of the coin’s total money supply. Drilling down to just exchanges, the top 1,000 wallets that are exchanges control 4.52% 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 -0.09% over the past week. For the exchange wallets within the richest 1,000 wallets, their share has grown by -0.6%. Dai’s smart contract owns approximately 0.04% of its own total money supply. This amount hasn’t changed over the past week.
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 29, 2019, or approximately 1 days before. Over the past 30 days, we’ve seen open issues across Dai’s GitHub repositories grow by -0.33 per day on average, while the number of watchers has grown by 0.43.
Dai’s Social Media Presence
If you are interested in following Dai on social media, Facebook, where it has NA following it, may be a good place to start.
Where to Buy
You can trade Dai, listed under the symbol DAI, through the following exchanges: Gate, Yobit, DDEX, Ethfinex.
Article by SixJupiter
