Dai: What’s the Latest Regarding its Price?
At the time of this writing, Dai has a price of $1.006 USD, which puts it down by approximately 0.2% from yesterday. 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 18.13% 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 $-0.002858 and $1.706088 based on its momentum and volatility over the past 14 days. Given its boundaries, rangebound traders may find it compelling to entertain shorting, as we are nearer to the top of the range.
Where to trade Dai (symbol: DAI): Gate, Yobit, DDEX, Ethfinex
As for Dai’s market cap, it is currently at about $79M US dollars.
Daily Engagement Metrics Update
9,341 transactions amongst holders of Dai occurred yesterday. As for the number of holders, yesterday saw the number of wallets holding Dai jump by 1473. To provide context, we’d rank this token as 1.5 out of the 34 Ethereum tokens in our index based on percentage growth in engagement over the past 7 days.
Just How Rich are Dai’s Richest Holders?
Of the coin’s total money supply, the richest 1,0000 wallets currently own 94.95%. Drilling down to just exchanges, the top 1,000 wallets that are exchanges control 7.46% 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 -1.83% over the past week. For the exchange wallets within the richest 1,000 wallets, their share has grown by -0.92%. 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
Dai hasn’t had any activity on any of its GitHub repos since August 16, 2019 — 2 days prior. To understand how code development is progressing, we can observe growth rates over the past 30 days in the number of open issues and the number of watchers: open issuers have been growing at about 0.63 per day, while the number of followers watching Dai’s repositories is growing by 1.27.
The Latest on Dai and Social Media
In the past day, Dai’s Twitter followers and Reddit subscribers went up by 48 and 11, respectively. If you are interested in following Dai on social media, Twitter, where it has 29,594 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
