December 3, 2019: SAI (DAI): Up 2.29%; Anomalies In Price; Price Crosses 20 Day Average

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SAI Price Update

SAI is up by approximately 2.29% from the previous day, with its price currently hovering around $1.028 USD. The up day for SAI yesterday was a reversal from the day before it, which puts its price at 1.55% above its 20 day moving average. Over the past two weeks, price has been in a unclear trend. SAI’s expected trading range — as forecasted by the Bollinger bands indicator, which determines a range based on momentum and volatility over the past two weeks — is between $0.991068 and $1.033602. Price’s current proximity to the top of the range may make shorting an attractive opportunity to traders interested in trading the range.

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The currency’s market cap currently stands at $67 million US dollars.

What Anamolies Occurred Since Yesterday?

Yesterday, the metrics price saw a daily change well outside what is usually experienced. An exploration as to what caused this may be worthwhile.

Straight Off the Chain

Over the past 24 hours, 7,914 transfers have been added to the blockchain recording transactions amongst holders of SAI. As for the number of holders, yesterday saw the number of wallets holding SAI rise by 517. To provide context, we’d rank this token as 34 out of the 34 Ethereum tokens in our index based on percentage growth in engagement over the past 7 days.

Just How Rich are SAI’s Richest Holders?

Of the coin’s total money supply, the richest 1,0000 wallets currently own 95.04%. The percent of the currency that is owned by wallets that are both belonging to exchanges and in the top 1,000 richest wallets of the token comes out to 3.46% of the currency’s money supply. In terms of growth rates, the share of total supply of the richest 1,000 wallets has grown by -0.87% over the past week. For the exchange wallets within the richest 1,000 wallets, their share has grown by -0.04%. As for the SAI’s smart contract itself, that owns 0.04% of the total money supply, an amount unchanged from the week prior.

Technical Development Status

In terms of how active the software development team working on SAI is, it may be worth observing that the last time any work pertaining to code was done on their GitHub code repository was on December 03, 2019 (today). Over the past 30 days, we’ve seen open issues across SAI’s GitHub repositories grow by 0.4 per day on average, while the number of watchers has grown by 1.1.

What’s Going on Social Media?

Twitter appears to be the most popular place to follow the company, and thus may be worth monitoring. Here is the Twitter page for SAI.

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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