Dai Price Update
At the time of this writing, Dai has a price of $1.005 USD, which puts it down by approximately 1.08% from yesterday. The down day for Dai yesterday was a reversal from the day before it, which puts its price at 0.26% below its 20 day moving average. Over the past two weeks, price has been in a unclear trend. Traders looking for a range to trade within may wish to note that the Bollinger bands (a price indicator based on recent momentum and volatility) for Dai imply the currency may oscillate between $0.99943 and $1.01577, based on how price has behaved in the two weeks prior. Given its boundaries, rangebound traders may find it compelling to entertain buying, as we are nearer to the bottom of the range.
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As for Dai’s market cap, it is currently at about $102M US dollars.
Dai’s Surprises of the Day
Yesterday, the metrics price saw a daily change well outside what is usually experienced. An exploration as to what caused this may be worthwhile.
Daily Engagement Metrics Update
Over the past 24 hours, 5,781 transfers have been added to the blockchain recording transactions amongst holders of Dai. In terms of estimating the number of holders, over the past day the total number of wallets holding Dai has gone up by approximately 292. To provide context, we’d rank this token as 14 out of the 36 Ethereum tokens in our index based on percentage growth in engagement over the past 7 days.
Observing Dai’s Richest Wallets
The top 1,000 Dai wallets hold over 94.36% of the token’s total money supply. 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 5.08% of the currency’s money supply. Exchange ownership grew by 0.47% over the past week, while the overall ownership percentage of the top 1,000 richest wallets grew by -0.62% over that time period. Dai’s smart contract owns approximately 0.03% of its own total money supply. This amount hasn’t changed over the past week.
How Active are the Software Developers?
In terms of how active the software development team working on 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 November 12, 2019, or approximately 1 days before. 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 10, respectively. Traders interested in following Dai has the biggest presence on Twitter, where it has 32,998 users engaged. Use this link to follow Dai on Twitter.
Where to Buy
You can trade Dai, listed under the symbol DAI, through the following exchanges: Gate, Yobit, DDEX, Ethfinex.
Article by SixJupiter
