Multi Collateral Dai Price Update
At the time of this writing, Multi Collateral Dai has a price of $1.002 USD, which puts it up by approximately 0.1% from yesterday. The past 24 hours mark a reversal in price from the day prior; it should be noted, though, that price is still in an up trend, and is currently 0.05% above its 20 day moving average. Staying above this level may be critical to sustain short-term momentum. In terms of an expected trading range, the Bollinger bands on Multi Collateral Dai suggest price may bounce between $0.997761 and $1.005239 based on its momentum and volatility over the past 14 days. Given its boundaries, rangebound traders may find it compelling to entertain selling, as we are nearer to the top of the range.
The currency’s market cap currently stands at $39 million US dollars.
Daily Engagement Metrics Update
No transactions amongst holders of Multi Collateral Dai occurred yesterday. As for the number of holders, yesterday saw the number of wallets holding Multi Collateral Dai fall by 0. Our engagement rank, which combines weekly percentage growth in number of holders and number of transfers, has Multi Collateral Dai ranked 4 out of the 31 Ethereum tokens we’re tracking.
How are the Strong Holders of Multi Collateral Dai Faring?
In terms of wealth concentration, the richest 1,000 wallets own 98.78% of the coin’s total money supply.
Technical Development Status
In terms of how active the software development team working on Multi Collateral Dai 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 30, 2019, or approximately 3 days before. Over the past 30 days, we’ve seen open issues across Multi Collateral Dai’s GitHub repositories grow by -0.07 per day on average, while the number of watchers has grown by 0.77.
What’s Going on Social Media?
In the past day, Multi Collateral Dai’s Twitter followers and Reddit subscribers went up by 34 and 4, respectively. Twitter appears to be the most popular place to follow the company, and thus may be worth monitoring. You can follow Multi Collateral Dai on Twitter here.
Article by SixJupiter
