Dai Price Update
At the time of this writing, Dai has a price of $1.004 USD, which puts it down by approximately 0.4% from yesterday. The down day for Dai yesterday was a reversal from the day before it, which puts its price at 0.29% below its 20 day moving average. Over the past two weeks, price has been in a unclear trend. In terms of an expected trading range, the Bollinger bands on Dai suggest price may bounce between $1.001481 and $1.012319 based on its momentum and volatility over the past 14 days. As we are closer to the bottom of that range, rangebound traders may wish to consider exploring buying opportunities.
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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 $89 million.
Straight Off the Chain
Yesterday we did not see any transfers amongst holders of Dai. Regarding a tally of holders, Yesterday saw Dai’s wallet count fall by 0. If we observe percentage growth in holders and transfers, we find that Dai ranks 5 out of the 36 Ethereum tokens we are tracking.
Observing Dai’s Richest Wallets
Of the coin’s total money supply, the richest 1,0000 wallets currently own 93.62%. Drilling down to just exchanges, the top 1,000 wallets that are exchanges control 4.85% 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 -1.37%; as for the share of the total supply owned by exchange wallets within the top 1,000 wallets, that has changed by -0.53%. 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 October 31, 2019, or approximately 1 days before. Growth rates for open issues — a “”to-do list”” of sorts and watchers (“”subscribers”” following a code repository) for Dai are growing by 0.57 and 0.37, respectively, over the past 30 days.
The Latest on Dai and Social Media
In terms of social media presence, Dai saw its Reddit subscribers go up by 7 over the past 24 hours. If you are interested in following Dai on social media, Twitter, where it has 32,454 following it, may be a good place to start. 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
