How Did Dai’s Price Fare Yesterday?
Dai’s current price, at the time of this writing, is $1.005 USD, down by approximately 0.3% from the day prior. 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 5.45% 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 $0.416115 and $1.489915. As we are closer to the top of that range, rangebound traders may wish to consider exploring selling opportunities.
Where to trade Dai (symbol: DAI): Gate, Yobit, DDEX, Ethfinex
The currency’s market cap currently stands at $79 million US dollars.
Unusual Developments
Since yesterday, Dai saw anomalous behavior in transfers added. It may be worth looking into the causes of this a bit more.
Straight Off the Chain
Yesterday saw 1,980,022 transfers amongst holders of Dai. Regarding a tally of holders, Yesterday saw Dai’s wallet count jump by 4142. If we observe percentage growth in holders and transfers, we find that Dai ranks 1 out of the 34 Ethereum tokens we are tracking.
Observing Dai’s Richest Wallets
In terms of wealth concentration, the richest 1,000 wallets own 95.16% of the coin’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 0.5%; as for the share of the total supply owned by exchange wallets within the top 1,000 wallets, that has changed by 1.59%. Dai’s smart contract owns approximately 0.04% of its own total money supply. This amount hasn’t changed over the past week.
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 22, 2019 (today). Over the past 30 days, we’ve seen open issues across Dai’s GitHub repositories grow by 0.5 per day on average, while the number of watchers has grown by 1.2.
Dai’s Social Media Presence
Social media growth, in terms of Twitter followers and Reddit subscribers, came in at up 83 and 11 over the past day for Dai. Traders interested in following Dai has the biggest presence on Twitter, where it has 29,731 users engaged. 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
