Price Action
In the week prior, the price for Dai went down by 0%. It is above its 20 day moving average by 3.3%, so it’s fairly close. Dai’s bullish momentum, if assessed 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. Based on volatility over the past three weeks, we can expect Dai to experience a price range in US dollars between 0.9501419 and $1.063488.
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 196,899.9 and 859,175.2. 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 0.68%. This turnover rate is higher than approximately 28.12% 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
Dai saw the number of wallets holding its coin go from NA to 22,255 over the past week — a change of NA%. As for overall transactions, they increased from NA to 934,815 — an increase of NA%. This translates to a combined engagement growth rate of NA% for Dai — which is higher than NA% of the cryptocurrencies we’re reporting on. This growth rate suggestsNA
Technology Development Status
Maker currently has 60 public repos on GitHub, with the oldest one clocking in at 3.66 years young. The last recorded update to its public repositories was within the past day, which is pretty good, as it suggests the coin is still under active and rapid technical development. Maker’s public repos now have 912 which is pretty good, relatively speaking; specifically, that’s more than 63 % of the top 100 coins we’re looking at. The coin has 74 outstanding issues in the backlog awaiting to be addressed by the core development team. In comparison 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
Over the past week, we found one link about Dai that we thought was particularly interesting. Where available, we included a snippet of the article that we thought might be interesting.
Where to Buy
You can trade Dai, listed under the symbol DAI, through the following exchanges: Gate, Yobit, DDEX, Ethfinex.
Article by SixJupiter
