Dai Price Update
At the time of this writing, Dai has a price of $1.002 USD, which puts it up by approximately 0.1% from yesterday. The up day for Dai yesterday was a reversal from the day before it, which puts its price at 0.29% above its 20 day moving average. Over the past two weeks, price has been in a unclear trend. 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 $0.993502 and $1.004648, 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
The currency’s market cap currently stands at $76 million US dollars.
Update on Transactions and Holders
Over the past 24 hours, 18,986 transfers have been added to the blockchain recording transactions amongst holders of Dai. Regarding a tally of holders, Yesterday saw Dai’s wallet count jump by 6232. Our engagement rank, which combines weekly percentage growth in number of holders and number of transfers, has Dai ranked 5 out of the 37 Ethereum tokens we’re tracking.
How are the Strong Holders of Dai Faring?
Of the coin’s total money supply, the richest 1,0000 wallets currently own 95.32%. 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 5.87% of the currency’s total money supply. The week over week growth rate in the share of the total supply of the top 1,000 wallets has changed by -0.71%; as for the share of the total supply owned by exchange wallets within the top 1,000 wallets, that has changed by -1.7%. 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 Active are the Software Developers?
Dai hasn’t had any activity on any of its GitHub repos since August 06, 2019 — 1 days prior. To understand how code development is progressing, we can observe growth rates over the past 30 days in the number of open issues and the number of watchers: open issuers have been growing at about 2.17 per day, while the number of followers watching Dai’s repositories is growing by 2.73.
What’s Going on Social Media?
In terms of social media presence, Dai saw its Reddit subscribers go up by 7 over the past 24 hours. Twitter appears to be the most popular place to follow the company, and thus may be worth monitoring. 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
