Dai Price Update
Dai’s current price, at the time of this writing, is $1.013 USD, up by approximately 0.5% 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 25.73% 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 $0.801635 and $0.809765, based on how price has behaved in the two weeks prior. 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
As for Dai’s market cap, it is currently at about $78M US dollars.
Unusual Developments
Yesterday, the metrics price saw a daily change well outside what is usually experienced. An exploration as to what caused this may be worthwhile.
Straight Off the Chain
Yesterday saw 10,114 transfers amongst holders of Dai. In terms of estimating the number of holders, over the past day the total number of wallets holding Dai has gone up by approximately 164. If we observe percentage growth in holders and transfers, we find that Dai ranks 2 out of the 33 Ethereum tokens we are tracking.
How are the Strong Holders of Dai Faring?
In terms of wealth concentration, the richest 1,000 wallets own 94.91% 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 5.12% of the currency’s total money supply. Exchange ownership grew by -1.99% over the past week, while the overall ownership percentage of the top 1,000 richest wallets grew by -0.25% over that time period. 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
The last activity date on Dai’s GitHub repository was August 28, 2019, or about 1 days ago. Over the past 30 days, we’ve seen open issues across Dai’s GitHub repositories grow by 0.47 per day on average, while the number of watchers has grown by -0.17.
Dai’s Social Media Presence
If you are interested in following Dai on social media, Twitter, where it has 29,934 following it, may be a good place to start. 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
