Dai: What’s the Latest Regarding its Price?
At the time of this writing, Dai has a price of $0.999 USD, which puts it up by approximately 0.3% from yesterday. Dai is currently in an unclear, and it should be noted that this is now the the 2nd day in a row that price has been up. Moreover, Dai is now 0.37% above its 20 day moving average. Traders looking for a range to trade within may wish to note that the Bollinger bands (a price indicator based on recent momentum and volatility) for Dai imply the currency may oscillate between $0.988842 and $1.001768, based on how price has behaved in the two weeks prior. 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 $77 million.
Dai’s Surprises of the Day
Yesterday, the metrics holders added saw a daily change well outside what is usually experienced. An exploration as to what caused this may be worthwhile.
Daily Engagement Metrics Update
Yesterday saw 26,064 transfers amongst holders of Dai. As for the number of holders, yesterday saw the number of wallets holding Dai jump by 6614. Our engagement rank, which combines weekly percentage growth in number of holders and number of transfers, has Dai ranked 35 out of the 37 Ethereum tokens we’re tracking.
How are the Strong Holders of Dai Faring?
The top 1,000 Dai wallets hold over 95.83% of the token’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 7.11% 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 0.82%; as for the share of the total supply owned by exchange wallets within the top 1,000 wallets, that has changed by 0.7%. Dai’s smart contract owns approximately 0.04% of its own total money supply. This amount hasn’t changed over the past week.
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 01, 2019, or approximately 1 days before. Growth rates for open issues — a “”to-do list”” of sorts and watchers (“”subscribers”” following a code repository) for Dai are growing by 2 and 2.5, respectively, over the past 30 days.
What’s Going on Social Media?
If you are interested in following Dai on social media, Twitter, where it has 28,950 following it, may be a good place to start. 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
