Price Action
Over the past week, Dai saw its price go down by -0.47%. It is below its 20 day moving average by 1.1%, which is quite close. Dai’s bullish momentum, determined by 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 4% of coins in our index, so this coin might not move much — something traders and investors will certainly want to keep in mind. If volatility over the past three weeks is any indication of what’s to come, we can expect Dai to bounce between 0.9750109 and $1.013899 US dollars per coin.
Where to trade Dai (symbol: DAI): Gate, Yobit, DDEX, Ethfinex
Volume Update
In the span of the preceding 7 days, Dai’s daily volume, in terms of its own unit of currency, has fluctuated between 371.83 and 616,872.1. Over the past three weeks, 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 0.32%. This turnover rate is higher than approximately 20.59% of the cryptocurrencies we monitor, which means it’s below average, and so there may be some risk that traders/investors have difficulty in getting in and out of positions.
Engagement Update
Over the past week, Dai saw its holders go from 33,666 to 35,883, an increase of 6.59%. In terms of blockchain-recorded transactions made by these wallets since their inception, that number changed from 1,431,067 to 1,523,626, which translates to growth of 6.47% for the week. Dai’s combined growth rate — meaning the sum of its growth rate in holders and transactions — is 13.06% which puts it ahead of 93.89% of the coins in our index. This could indicate that the coin may be on track to getting and sustaining actual usage.
Technology Development Status
Maker currently has 60 public repositories on GitHub, with the oldest one now 3.85 years young. Its last public update to any of its repositories 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 1052 which is pretty good, relatively speaking; specifically, that’s more than 71 % of the top 100 coins we’re looking at. The coin has 180 issues reported across its public repositories. Relative to the number of watchers it has, though, its open issues count is fairly mediocre. We consider the GitHub open issue/watcher ratio as a potential indicator of the healthiness of a coin’s software development process, and for Maker we see that its issue/watcher ratio looks healthier than 40% of similar coins in our index.
Dai News and Commentary
The top 2 themes being discussed about Dai in the past week are listed below. If possible we included a brief excerpt from the article — be sure to click through for the entire piece.
The 78th Weekly Report on ONEROOT – ONEROOT
Akropolis + Dai: creating safeguards against inflation and economic crises through te
Where to Buy
You can trade Dai, listed under the symbol DAI, through the following exchanges: Gate, Yobit, DDEX, Ethfinex.
Article by SixJupiter
