Price Action
Over the past week, Dai saw its price go up by 0.37%. It is below its 20 day moving average by 0.02%, which is quite close. Dai’s bullish momentum, determined by its distance from its 20 day moving average, is roughly middle-of-the-pack relative to the cryptos we’re tracking. Regarding volatility, Dai is more volatile than roughly 0% of coins in our index, so this coin might not move much — something traders and investors will certainly want to keep in mind. Looking ahead, if the upcoming week mirrors the volatility of three past three weeks, the price range for Dai in US dollars is expected to be between $0.9939561 and $1.002624.
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 135,311.7 and 1,541,466. Looking back over past 21 days, the trend in volume,like the trend in price, is choppy and does not reveal a clear direction. Dai experienced a turnover rate of about 0.93% over the past week, which means that is the percent of its available money supply that is traded daily. Its trading turnover percentage is higher than about 29.9% of the coins we’re tracking, so 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
Dai saw the number of wallets holding its coin go from 25,248 to 26,093 over the past week — a change of 3.35%. As for overall transactions, they increased from 1,160,226 to 1,205,511 — an increase of 3.90%. This translates to a combined engagement growth rate of 7.25% for Dai — which is higher than 80.00% of the cryptocurrencies we’re reporting on. This growth rate suggests the coin may be on track to getting and sustaining actual usage.
Technology Development Status
At the moment, Dai has 60 repositories open to the public on GitHub, with the oldest one now being 3.76 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 984 which is pretty good, relatively speaking; specifically, that’s more than 70 % of the top 100 coins we’re looking at. The coin has 86 issues reported across its public repositories. Its number of watchers, when viewed against 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 Dai we see that its issue/watcher ratio looks healthier than 54% 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 available, we added an excerpt from the article to help give a taste of what it is about.
What is xDAI? How do I use xDAI? A Simple Expl
DAI: “…anyone, anywhere has the freedom to choose a money they can place their confide
Where to Buy
You can trade Dai, listed under the symbol DAI, through the following exchanges: Gate, Yobit, DDEX, Ethfinex.
Article by SixJupiter
