How Did Dai’s Price Fare Yesterday?
Dai’s current price, at the time of this writing, is $1.011 USD, down by approximately 0.1% from the day prior. Yesterday’s down day is a reversal of the day before it; in terms of trend, though, note that the current price is now 11.5% above its 20 day moving average, and is currently in an up 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 $0.902128 and $0.911372, based on how price has behaved in the two weeks prior. Price’s current proximity to the top of the range may make selling 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
Over the past 24 hours, 13,867 transfers have been added to the blockchain recording transactions amongst holders of Dai. As for the number of holders, yesterday saw the number of wallets holding Dai increase by 131. If we observe percentage growth in holders and transfers, we find that Dai ranks 10 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 94.92% 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 4.23% of the currency’s money supply. Exchange ownership grew by -2.73% over the past week, while the overall ownership percentage of the top 1,000 richest wallets grew by -0.2% 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.
How Much Development is Occurring?
Dai hasn’t had any activity on any of its GitHub repos since August 30, 2019 — 1 days prior. Growth rates for open issues — a “”to-do list”” of sorts and watchers (“”subscribers”” following a code repository) for Dai are growing by 0.37 and -0.3, respectively, over the past 30 days.
What’s Going on Social Media?
Social media growth, in terms of Twitter followers and Reddit subscribers, came in at up 52 and 17 over the past day for Dai. If you are interested in following Dai on social media, Twitter, where it has 30,048 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
