How Did Dai’s Price Fare Yesterday?
Dai’s current price, at the time of this writing, is $1 USD, up by approximately 0.5% from the day prior. The up day for Dai yesterday was a reversal from the day before it, which puts its price at 0.5% above its 20 day moving average. Over the past two weeks, price has been in an up trend. In terms of an expected trading range, the Bollinger bands on Dai suggest price may bounce between $0.987463 and $1.002587 based on its momentum and volatility over the past 14 days. Given its boundaries, rangebound traders may find it compelling to entertain selling, as we are nearer to the top of the range.
Where to trade Dai (symbol: DAI): Gate, Yobit, DDEX, Ethfinex
As for Dai’s market cap, it is currently at about $78M US dollars.
What Anamolies Occurred Since Yesterday?
Since yesterday, Dai saw anomalous behavior in holders added. It may be worth looking into the causes of this a bit more.
Update on Transactions and Holders
Yesterday saw 27,254 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 6862. To provide context, we’d rank this token as 36 out of the 38 Ethereum tokens in our index based on percentage growth in engagement over the past 7 days.
Just How Rich are Dai’s Richest Holders?
In terms of wealth concentration, the richest 1,000 wallets own 95.43% 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 7.22% of the currency’s money supply. Exchange ownership has been grew by -1.11% over the past week, while the overall ownership percentage of the top 1,000 richest wallets grew by 0.29% over that time period. As for the Dai’s smart contract itself, that owns 0.04% of the total money supply, an amount unchanged from the week prior.
How Much Development is Occurring?
Dai has been active recently on its GitHub repos, with its most recent code updates occurring today, August 01, 2019. Growth rates for open issues — a “”to-do list”” of sorts and watchers (“”subscribers”” following a code repository) for Dai are growing by 2 and 2.5, respectively, over the past 30 days.
What’s Going on Social Media?
Social media growth, in terms of Twitter followers and Reddit subscribers, came in at up 41 and 11 over the past day for Dai. Traders interested in following Dai has the biggest presence on Twitter, where it has 28,950 users engaged. You can follow Dai on Twitter here.
Where to Buy
You can trade Dai, listed under the symbol DAI, through the following exchanges: Gate, Yobit, DDEX, Ethfinex.
Article by SixJupiter
