How Did Dai’s Price Fare Yesterday?
Dai is down by approximately 0.08% from the previous day, with its price currently hovering around $0.9982 USD. This marked the the 3rd day in a row Dai has been down; it is still in a unclear trend, and is currently 0.27% 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 $0.996704 and $1.005116 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.
Where to trade Dai (symbol: DAI): Gate, Yobit, DDEX, Ethfinex
The currency’s market cap currently stands at $78 million US dollars.
Straight Off the Chain
21,235 transactions amongst holders of Dai occurred yesterday. As for the number of holders, yesterday saw the number of wallets holding Dai increase by 2225. If we observe percentage growth in holders and transfers, we find that Dai ranks 1 out of the 70 Ethereum tokens we are tracking.
Observing Dai’s Richest Wallets
In terms of wealth concentration, the richest 1,000 wallets own 95.44% of the coin’s total money supply. Drilling down to just exchanges, the top 1,000 wallets that are exchanges control 8.26% 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 -0.26%; as for the share of the total supply owned by exchange wallets within the top 1,000 wallets, that has changed by 1.31%. Dai’s smart contract owns approximately 0.04% of its own total money supply. This amount hasn’t changed over the past week.
Technical Development Status
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 August 11, 2019, or approximately 1 days before. Over the past 30 days, we’ve seen open issues across Dai’s GitHub repositories grow by 1 per day on average, while the number of watchers has grown by 2.67.
The Latest on Dai and Social Media
Traders interested in following Dai has the biggest presence on Twitter, where it has 29,356 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
