How Did Dai’s Price Fare Yesterday?
Dai’s current price, at the time of this writing, is $1.001 USD, down by approximately 0.1% from the day prior. 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 0.26% 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 $0.992872 and $1.004018, 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 $77M US dollars.
Unusual Developments
The following metrics showed unusual change over the past 24 hours for Dai: holders added. Further investigation may be warranted.
Daily Engagement Metrics Update
30,121 transactions amongst holders of Dai occurred yesterday. As for the number of holders, yesterday saw the number of wallets holding Dai increase by 0. If we observe percentage growth in holders and transfers, we find that Dai ranks 2 out of the 37 Ethereum tokens we are tracking.
Just How Rich are Dai’s Richest Holders?
The top 1,000 Dai wallets hold over 95.42% 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 6.35% of the currency’s money supply. Exchange ownership grew by -0.74% over the past week, while the overall ownership percentage of the top 1,000 richest wallets grew by -0.21% over that time period. Dai’s smart contract owns approximately 0.04% of its own total money supply. This amount hasn’t changed over the past week.
How Active are the Software Developers?
The last activity date on Dai’s GitHub repository occurred on today, August 06, 2019. Over the past 30 days, we’ve seen open issues across Dai’s GitHub repositories grow by 2.23 per day on average, while the number of watchers has grown by 2.7.
The Latest on Dai and Social Media
In terms of social media presence, Dai saw its Twitter followers and Reddit subscribers go up by 11 and 9 over the past 24 hours. If you are interested in following Dai on social media, Twitter, where it has 29,133 following it, may be a good place to start. 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
