How Did Dai’s Price Fare Yesterday?
At the time of this writing, Dai has a price of $1.008 USD, which puts it up by approximately 0.1% from yesterday. The up day for Dai yesterday was a reversal from the day before it, which puts its price at 11.8% above its 20 day moving average. Over the past two weeks, price has been in a unclear trend. In terms of an expected trading range, the Bollinger bands on Dai suggest price may bounce between $0.173244 and $1.629956 based on its momentum and volatility over the past 14 days. As we are closer to the top of that range, rangebound traders may wish to consider exploring shorting opportunities.
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 13,784 transfers amongst holders of Dai. Regarding a tally of holders, Yesterday saw Dai’s wallet count jump by 1805. If we observe percentage growth in holders and transfers, we find that Dai ranks 1.5 out of the 35 Ethereum tokens we are tracking.
Observing Dai’s Richest Wallets
Of the coin’s total money supply, the richest 1,0000 wallets currently own 94.84%. If we focus on exchanges, which may be an correlated with liquidity and greater confidence in the currency, the exchange wallets that are in the top 1,000 wallets own 5.09% of the currency’s total money supply. In terms of growth rates, the share of total supply of the richest 1,000 wallets has grown by -0.11% over the past week. For the exchange wallets within the richest 1,000 wallets, their share has grown by 0.08%. 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?
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 16, 2019 (today). Over the past 30 days, we’ve seen open issues across Dai’s GitHub repositories grow by 0.93 per day on average, while the number of watchers has grown by 2.9.
What’s Going on Social Media?
Social media growth, in terms of Twitter followers and Reddit subscribers, came in at up 83 and 14 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
