Dai Price Update
Dai’s current price, at the time of this writing, is $0.9988 USD, up by approximately 0.03% from the day prior. Dai is currently in a unclear , but it should be noted that this is now the the 3rd day in a row that price has been up. Moreover, Dai is now 0.15% below its 20 day moving average. In terms of an expected trading range, the Bollinger bands on Dai suggest price may bounce between $0.995992 and $1.004648 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 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 $79 million.
Straight Off the Chain
Over the past 24 hours, no transfers have been added to the blockchain recording transactions 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 down by approximately 0. If we observe percentage growth in holders and transfers, we find that Dai ranks 1 out of the 54 Ethereum tokens we are tracking.
How are the Strong Holders of Dai Faring?
In terms of wealth concentration, the richest 1,000 wallets own 95.75% 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 8.2% 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 0.33% over the past week. For the exchange wallets within the richest 1,000 wallets, their share has grown by 1.85%. As for the Dai’s smart contract itself, that owns 0.04% of the total money supply, an amount unchanged from the week prior.
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 13, 2019 (today). Growth rates for open issues — a “”to-do list”” of sorts and watchers (“”subscribers”” following a code repository) for Dai are growing by 0.97 and 2.73, respectively, over the past 30 days.
Dai’s Social Media Presence
Social media growth, in terms of Twitter followers and Reddit subscribers, came in at up 50 and 25 over the past day for Dai. Twitter appears to be the most popular place to follow the company, and thus may be worth monitoring. 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
