How Did Dai’s Price Fare Yesterday?
Dai’s current price, at the time of this writing, is $1.011 USD, up by approximately 0.4% from the day prior. Yesterday’s up day is a reversal of the day before it; in terms of trend, though, note that the current price is now 43.44% above its 20 day moving average, and is currently in a unclear trend over the past 14 days. 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 $0.700372 and $0.709228, based on how price has behaved in the two weeks prior. 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
As for Dai’s market cap, it is currently at about $79M US dollars.
Straight Off the Chain
4,406 transactions amongst holders of Dai occurred yesterday. As for the number of holders, yesterday saw the number of wallets holding Dai increase by 132. If we observe percentage growth in holders and transfers, we find that Dai ranks 2 out of the 31 Ethereum tokens we are tracking.
Just How Rich are Dai’s Richest Holders?
In terms of wealth concentration, the richest 1,000 wallets own 95.02% of the coin’s total money supply. If we focus on exchanges, which may be an correlated with liquidity and greater confidence in the currency, the exchange wallets that are in the top 1,000 wallets own 6.38% of the currency’s total money supply. The week over week growth rate in the share of the total supply of the top 1,000 wallets has changed by 0.01%; as for the share of the total supply owned by exchange wallets within the top 1,000 wallets, that has changed by -1.26%. The underlying smart contract itself for Dai owns 0.04% of the total money supply; over the past week, this amount has not changed.
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 26, 2019, or approximately 1 days before. Over the past 30 days, we’ve seen open issues across Dai’s GitHub repositories grow by 0.27 per day on average, while the number of watchers has grown by -0.3.
What’s Going on Social Media?
In the past day, Dai’s Twitter followers and Reddit subscribers went up by 21 and 15, respectively. If you are interested in following Dai on social media, Twitter, where it has 29,861 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
