Dai: What’s the Latest Regarding its Price?
At the time of this writing, Dai has a price of $1.008 USD, which puts it up by approximately 0.1% from yesterday. This marked the the 2nd day in a row Dai has been up; it is still in an uptrend, and is currently 0.46% above its 20 day moving average; staying above this level may be critical to sustain short-term momentum. Dai’s expected trading range — as forecasted by the Bollinger bands indicator, which determines a range based on momentum and volatility over the past two weeks — is between $0.995042 and $1.011738. 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
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.
Dai’s Surprises of the Day
Yesterday, the metrics transfers 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
Over the past 24 hours, -1,954,191 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 3812. To provide context, we’d rank this token as 31 out of the 33 Ethereum tokens in our index based on percentage growth in engagement over the past 7 days.
How are the Strong Holders of Dai Faring?
Of the coin’s total money supply, the richest 1,0000 wallets currently own 95.16%. Drilling down to just exchanges, the top 1,000 wallets that are exchanges control 7.42% of the currency’s money supply. Exchange ownership grew by -0.34% over the past week, while the overall ownership percentage of the top 1,000 richest wallets grew by -0.34% over that time period. 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
The last activity date on Dai’s GitHub repository was August 20, 2019, or about 1 days ago. 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 0.5 per day, while the number of followers watching Dai’s repositories is growing by 1.23.
Dai’s Social Media Presence
In the past day, Dai’s Reddit subscribers went up by 14, respectively. If you are interested in following Dai on social media, Twitter, where it has 29,648 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
