Dai Price Update
Dai is up by approximately 0.3% from the previous day, with its price currently hovering around $1.011 USD. The past 24 hours mark a reversal in price from the day prior; it should be noted, though, that price is still in a unclear trend, and is currently 44.19% above 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 $-0.328991 and $1.731291 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.
Straight Off the Chain
Over the past 24 hours, 15,800 transfers have been added to the blockchain recording transactions amongst holders of Dai. As for the number of holders, yesterday saw the number of wallets holding Dai rise by 1977. Our engagement rank, which combines weekly percentage growth in number of holders and number of transfers, has Dai ranked 1.5 out of the 35 Ethereum tokens we’re tracking.
How are the Strong Holders of Dai Faring?
The top 1,000 Dai wallets hold over 94.66% of the token’s total money supply. Drilling down to just exchanges, the top 1,000 wallets that are exchanges control 5.52% of the currency’s money supply. Exchange ownership grew by -0.27% over the past week, while the overall ownership percentage of the top 1,000 richest wallets grew by -0.4% over that time period. 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 Active are the Software Developers?
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 15, 2019 (today). Over the past 30 days, we’ve seen open issues across Dai’s GitHub repositories grow by 0.9 per day on average, while the number of watchers has grown by 2.87.
The Latest on Dai and Social Media
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. 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
