How Did Dai’s Price Fare Yesterday?
Dai’s current price, at the time of this writing, is $1.005 USD, up by approximately 0.1% from the day prior. The up day for Dai yesterday was a reversal from the day before it, which puts its price at 0.01% below its 20 day moving average. Over the past two weeks, price has been in a unclear trend. Dai’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 $1.000081 and $1.010219. Price’s current proximity to the bottom of the range may make buying an attractive opportunity to traders interested in trading the range.
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The market capitalization of Dai, or the amount of US dollars it would take to buy up all the circulating coins, is currently estimated to be $102 million.
Daily Engagement Metrics Update
Over the past 24 hours, 5,464 transfers have been added to the blockchain recording transactions amongst holders of Dai. Regarding a tally of holders, Yesterday saw Dai’s wallet count jump by 362. Our engagement rank, which combines weekly percentage growth in number of holders and number of transfers, has Dai ranked 12 out of the 35 Ethereum tokens we’re tracking.
How are the Strong Holders of Dai Faring?
Of the coin’s total money supply, the richest 1,0000 wallets currently own 94.37%. Drilling down to just exchanges, the top 1,000 wallets that are exchanges control 4.74% 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 -0.05% over the past week. For the exchange wallets within the richest 1,000 wallets, their share has grown by 0.12%. The underlying smart contract itself for Dai owns 0.03% of the total money supply; over the past week, this amount has not changed.
How Much Development is Occurring?
The last activity date on Dai’s GitHub repository occurred on today, November 12, 2019. Growth rates for open issues — a “”to-do list”” of sorts and watchers (“”subscribers”” following a code repository) for Dai are growing by 1.17 and 0.53, respectively, over the past 30 days.
The Latest on Dai and Social Media
In the past day, Dai’s Twitter followers and Reddit subscribers went up by 45 and 12, respectively. If you are interested in following Dai on social media, Twitter, where it has 32,953 following it, may be a good place to start. Here is the Twitter page for Dai.
Where to Buy
You can trade Dai, listed under the symbol DAI, through the following exchanges: Gate, Yobit, DDEX, Ethfinex.
Article by SixJupiter
