Dai Price Update
Dai’s current price, at the time of this writing, is $1.012 USD, up by approximately 0.7% from the day prior. The up day for Dai yesterday was a reversal from the day before it, which puts its price at 0.56% above 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 $0.999289 and $1.013511 based on its momentum and volatility over the past 14 days. As we are closer to the top of that range, rangebound traders may wish to consider exploring selling opportunities.
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The currency’s market cap currently stands at $97 million US dollars.
Update on Transactions and Holders
7,223 transactions amongst holders of Dai occurred yesterday. Regarding a tally of holders, Yesterday saw Dai’s wallet count rise by 293. Our engagement rank, which combines weekly percentage growth in number of holders and number of transfers, has Dai ranked 10 out of the 36 Ethereum tokens we’re tracking.
How are the Strong Holders of Dai Faring?
The top 1,000 Dai wallets hold over 94.97% of the token’s total money supply. Drilling down to just exchanges, the top 1,000 wallets that are exchanges control 4.62% 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 -3.88% over the past week. For the exchange wallets within the richest 1,000 wallets, their share has grown by -0.26%. The underlying smart contract itself for Dai owns 0.03% of the total money supply; over the past week, this amount has not changed.
How Much Development is Occurring?
Dai has been active recently on its GitHub repos, with its most recent code updates occurring today, November 06, 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 0.8 per day, while the number of followers watching Dai’s repositories is growing by 0.37.
What’s Going on Social Media?
Traders interested in following Dai has the biggest presence on Twitter, where it has 32,632 users engaged. 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
