Dai: What’s the Latest Regarding its Price?
Dai is up by approximately 0.1% from the previous day, with its price currently hovering around $1.006 USD. The up day for Dai yesterday was a reversal from the day before it, which puts its price at 0.28% above its 20 day moving average. Over the past two weeks, price has been in an up trend. In terms of an expected trading range, the Bollinger bands on Dai suggest price may bounce between $0.993685 and $1.012625 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 selling 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.
Dai’s Surprises of the Day
Since yesterday, Dai saw anomalous behavior in transfers added. It may be worth looking into the causes of this a bit more.
Daily Engagement Metrics Update
-1,980,022 transactions amongst holders of Dai occurred yesterday. Regarding a tally of holders, Yesterday saw Dai’s wallet count increase by 385. Our engagement rank, which combines weekly percentage growth in number of holders and number of transfers, has Dai ranked 1 out of the 32 Ethereum tokens we’re tracking.
Observing Dai’s Richest Wallets
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 7.3% of the currency’s money supply. Exchange ownership grew by 2.22% over the past week, while the overall ownership percentage of the top 1,000 richest wallets grew by 0.32% over that time period. 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?
Dai has been active recently on its GitHub repos, with its most recent code updates occurring today, August 23, 2019. Over the past 30 days, we’ve seen open issues across Dai’s GitHub repositories grow by 0.37 per day on average, while the number of watchers has grown by 1.33.
What’s Going on Social Media?
Social media growth, in terms of Twitter followers and Reddit subscribers, came in at up 29 and 5 over the past day for Dai. Traders interested in following Dai has the biggest presence on Twitter, where it has 29,760 users engaged. You can follow Dai on Twitter here.
Where to Buy
You can trade Dai, listed under the symbol DAI, through the following exchanges: Gate, Yobit, DDEX, Ethfinex.
Article by SixJupiter
