Dai: What’s the Latest Regarding its Price?
Dai is up by approximately 0.1% from the previous day, with its price currently hovering around $1.008 USD. Yesterday’s up day is a reversal of the day before it; in terms of trend, though, note that the current price is now 0.35% above its 20 day moving average, and is currently in an up trend over the past 14 days. 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 $1.0001 and $1.0089, based on how price has behaved in the two weeks prior. Given its boundaries, rangebound traders may find it compelling to entertain shorting, as we are nearer to the top of the range.
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The currency’s market cap currently stands at $85 million US dollars.
Update on Transactions and Holders
8,533 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 1193. If we observe percentage growth in holders and transfers, we find that Dai ranks 2.5 out of the 34 Ethereum tokens we are tracking.
Observing Dai’s Richest Wallets
Of the coin’s total money supply, the richest 1,0000 wallets currently own 95.34%. 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 5.26% of the currency’s money supply. Exchange ownership grew by -0.04% over the past week, while the overall ownership percentage of the top 1,000 richest wallets grew by 0.17% over that time period. 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?
The last activity date on Dai’s GitHub repository occurred on today, October 22, 2019. 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 -0.13 per day, while the number of followers watching Dai’s repositories is growing by 0.23.
Dai’s Social Media Presence
Twitter appears to be the most popular place to follow the company, and thus may be worth monitoring. Use this link to follow Dai on Twitter.
Where to Buy
You can trade Dai, listed under the symbol DAI, through the following exchanges: Gate, Yobit, DDEX, Ethfinex.
Article by SixJupiter
