Multi Collateral Dai Price Update
Multi Collateral Dai is down by approximately 3.57% from the previous day, with its price currently hovering around $1 USD. Yesterday’s down day is a reversal of the day before it; in terms of trend, though, note that the current price is now 0.46% below its 20 day moving average, and is currently in a unclear trend over the past 14 days. In terms of an expected trading range, the Bollinger bands on Multi Collateral Dai suggest price may bounce between $0.984353 and $1.024817 based on its momentum and volatility over the past 14 days. As we are closer to the bottom of that range, rangebound traders may wish to consider exploring buying opportunities.
The market capitalization of Multi Collateral Dai, or the amount of US dollars it would take to buy up all the circulating coins, is currently estimated to be $39 million.
Unusual Developments
Since yesterday, Multi Collateral Dai saw anomalous behavior in price, holders added and transfers added. It may be worth looking into the causes of this a bit more.
Update on Transactions and Holders
Yesterday saw 22,523 transfers amongst holders of Multi Collateral Dai. In terms of estimating the number of holders, over the past day the total number of wallets holding Multi Collateral Dai has gone up by approximately 0. To provide context, we’d rank this token as 4 out of the 32 Ethereum tokens in our index based on percentage growth in engagement over the past 7 days.
Just How Rich are Multi Collateral Dai’s Richest Holders?
Of the coin’s total money supply, the richest 1,0000 wallets currently own 98.78%.
How Much Development is Occurring?
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 January 05, 2020, or approximately 1 days before. To understand how code development is progressing, we can observe growth rates over the past 30 days in the number of open issues and the number of watchers: open issuers have been growing at about -0.07 per day, while the number of followers watching Multi Collateral Dai’s repositories is growing by 0.83.
Multi Collateral Dai’s Social Media Presence
In terms of social media presence, Multi Collateral Dai saw its Twitter followers and Reddit subscribers go up by 125 and 12 over the past 24 hours. If you are interested in following Multi Collateral Dai on social media, Twitter, where it has 35,653 following it, may be a good place to start. Use this link to follow Multi Collateral Dai on Twitter.
Article by SixJupiter
