Dai: What’s the Latest Regarding its Price?
Dai is down by approximately 0.1% from the previous day, with its price currently hovering around $1 USD. The past 24 hours mark a reversal in price from the day prior; it should be noted, though, that price is still in a unclear trend, and is currently 0.21% above its 20 day moving average. Staying above this level may be critical to sustain short-term momentum. In terms of an expected trading range, the Bollinger bands on Dai suggest price may bounce between $0.992419 and $1.003471 based on its momentum and volatility over the past 14 days. 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 $77M US dollars.
Straight Off the Chain
Yesterday saw 10,870 transfers amongst holders of Dai. Regarding a tally of holders, Yesterday saw Dai’s wallet count jump by 0. If we observe percentage growth in holders and transfers, we find that Dai ranks 2 out of the 36 Ethereum tokens we are tracking.
Observing Dai’s Richest Wallets
The top 1,000 Dai wallets hold over 95.72% of the token’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 6.95% of the currency’s money supply. The week over week growth rate in the share of the total supply of the top 1,000 wallets has changed by -0.69%; as for the share of the total supply owned by exchange wallets within the top 1,000 wallets, that has changed by -0.98%. 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 04, 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 2.3 and 2.57, respectively, over the past 30 days.
Dai’s Social Media Presence
In the past day, Dai’s Twitter followers and Reddit subscribers went up by 59 and 20, respectively. Twitter appears to be the most popular place to follow the company, and thus may be worth monitoring. Here is the Twitter page for Dai.
Where to Buy
You can trade Dai, listed under the symbol DAI, through the following exchanges: Gate, Yobit, DDEX, Ethfinex.
Article by SixJupiter
