Dai Price Update
Dai is down by approximately 0.2% from the previous day, with its price currently hovering around $1.004 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 unclear trend, and is currently 0.19% below its 20 day moving average. Staying above this level may be critical to sustain short-term momentum. In terms of an expected trading range, the Bollinger bands on Dai suggest price may bounce between $1.002717 and $1.009083 based on its momentum and volatility over the past 14 days. Price’s current proximity to the bottom of the range may make buying an attractive opportunity to traders interested in trading the range.
Trade Dai (DAI) and over 500 other cryptos across ten different exchanges — all from one app. Try Quadency.
The currency’s market cap currently stands at $91 million US dollars.
Straight Off the Chain
Over the past 24 hours, 6,009 transfers have been added to the blockchain recording transactions amongst holders of Dai. As for the number of holders, yesterday saw the number of wallets holding Dai jump by 167. Our engagement rank, which combines weekly percentage growth in number of holders and number of transfers, has Dai ranked 8 out of the 36 Ethereum tokens we’re tracking.
Observing Dai’s Richest Wallets
In terms of wealth concentration, the richest 1,000 wallets own 94.96% 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 4.51% of the currency’s money supply. Exchange ownership grew by -0.3% over the past week, while the overall ownership percentage of the top 1,000 richest wallets grew by -0.29% over that time period. 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 November 03, 2019 — 1 days prior. 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 0.7 per day, while the number of followers watching Dai’s repositories is growing by 0.37.
Dai’s Social Media Presence
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. 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
