Dai (DAI) April 26, 2019 Weekly Summary: Price Up 4.48%

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Price Action

In the week prior, the price for Dai went up by 4.48%. It is above its 20 day moving average by 4.57%, so it’s fairly close. Dai’s bullish momentum, based on its distance from its 20 day moving average, is above average relative to our index of cryptocurrencies. Regarding volatility, Dai is more volatile than roughly 5% of coins in our index, so this coin might not move much — something traders and investors will certainly want to keep in mind. Based on volatility over the past three weeks, we can expect Dai to experience a price range in US dollars between 0.9501287 and $1.000681.

Where to trade Dai (symbol: DAI): Gate, Yobit, DDEX, Ethfinex

Volume Update

Over the past week, Dai saw its daily volume range between 122,870.3 and 1,146,035 units of its own currency. In the three weeks prior, the trend in volume is not clear, though price is marching upwards. Over the past week, Dai saw its trading turnover — which we define as average daily trading volume divided by circulating supply — register at 0.44%. Its trading turnover percentage is higher than about 19.59% of the coins we’re tracking, so it’s well below average; this coin may be hard to get into and out of, and thus is suitable only for those interested in holding and exiting slowly and patiently.

Technology Development Status

At the moment, Dai has 60 repositories open to the public on GitHub, with the oldest one now being 3.64 years young. Its most recent public update was within the past day, which is pretty good, as it suggests the coin is still under active and rapid technical development. Dai’s public repos now have 858 which is pretty good, relatively speaking; specifically, that’s more than 63 % of the top 100 coins we’re looking at. The coin has 68 total outstanding issues across all 60 of its public repositories on GitHub. Relative to the number of watchers it has, though, its open issues count seems to be in good shape. To elaborate: the ratio of open issues to developers who are watching Maker’s GitHub repos is more favorable than 60% of similar coins in our index.

Dai News and Commentary

We found one link over the past week about Dai that we thought was especially worth sharing. If available, we added an excerpt from the article to help give a taste of what it is about.

DAI Liquidity on DEXs – Totle

Snippet:

At 3000 DAI, we can see there are some price discrepancies, but we can get the DAI liquidity needed and at a good price….We also found that DAI pricing between DEXs can vary considerably which makes consistently getting the best price for DAI through DEXs challenging….To source large quantities of DAI through DEXs and consistently get the best price for every conversion your product makes, use Totle.

Where to Buy

You can trade Dai, listed under the symbol DAI, through the following exchanges: Gate, Yobit, DDEX, Ethfinex.

Article by SixJupiter

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