Dai Price Update
Dai’s current price, at the time of this writing, is $1.012 USD, up by approximately 0.1% from the day prior. This marked the the 2nd day in a row Dai has been up; it is still in an uptrend, and is currently 18.18% above its 20 day moving average; staying above this level may be critical to sustain short-term momentum. 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 $0.851726 and $0.860974, based on how price has behaved in the two weeks prior. Price’s current proximity to the top of the range may make shorting an attractive opportunity to traders interested in trading 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.
Straight Off the Chain
No transactions amongst holders of Dai occurred yesterday. In terms of estimating the number of holders, over the past day the total number of wallets holding Dai has gone down by approximately 0. Our engagement rank, which combines weekly percentage growth in number of holders and number of transfers, has Dai ranked 2 out of the 32 Ethereum tokens we’re tracking.
Just How Rich are Dai’s Richest Holders?
In terms of wealth concentration, the richest 1,000 wallets own 94.25% 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 4.17% of the currency’s money supply. In terms of growth rates, the share of total supply of the richest 1,000 wallets has grown by -0.91% over the past week. For the exchange wallets within the richest 1,000 wallets, their share has grown by -3.14%. 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
Dai has been active recently on its GitHub repos, with its most recent code updates occurring today, August 30, 2019. Growth rates for open issues — a “”to-do list”” of sorts and watchers (“”subscribers”” following a code repository) for Dai are growing by 0.3 and -0.27, respectively, over the past 30 days.
The Latest on Dai and Social Media
Social media growth, in terms of Twitter followers and Reddit subscribers, came in at up 62 and 27 over the past day for Dai. If you are interested in following Dai on social media, Twitter, where it has 29,996 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
