Dai Price Update
Dai is up by approximately 0.42% from the previous day, with its price currently hovering around $1.003 USD. Dai enters the day 0.29% above its 20 day moving average, and is experiencing its the 4th day in a row up. In terms of an expected trading range, the Bollinger bands on Dai suggest price may bounce between $0.995321 and $1.004789 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
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.
Daily Engagement Metrics Update
Yesterday saw 18,990 transfers amongst holders of Dai. As for the number of holders, yesterday saw the number of wallets holding Dai jump by 4048. If we observe percentage growth in holders and transfers, we find that Dai ranks 1 out of the 35 Ethereum tokens we are tracking.
How are the Strong Holders of Dai Faring?
In terms of wealth concentration, the richest 1,000 wallets own 95.5% of the coin’s total money supply. Drilling down to just exchanges, the top 1,000 wallets that are exchanges control 7.76% 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 0.18%; as for the share of the total supply owned by exchange wallets within the top 1,000 wallets, that has changed by 1.89%. 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 Much Development is Occurring?
The last activity date on Dai’s GitHub repository was August 13, 2019, or about 1 days ago. 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 2.83, respectively, over the past 30 days.
Dai’s Social Media Presence
In terms of social media presence, Dai saw its Twitter followers and Reddit subscribers go up by 65 and 20 over the past 24 hours. If you are interested in following Dai on social media, Twitter, where it has 29,421 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
