November 14, 2019: Dai (DAI): Down 0.4%; 2nd Consecutive Down Day

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Dai: What’s the Latest Regarding its Price?

At the time of this writing, Dai has a price of $1.001 USD, which puts it down by approximately 0.4% from yesterday. Dai enters the day 0.63% below its 20 day moving average, and is experiencing its the 2nd straight day down. 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 $0.998381 and $1.016319. 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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As for Dai’s market cap, it is currently at about $104M US dollars.

Daily Engagement Metrics Update

7,864 transactions amongst holders of Dai occurred yesterday. As for the number of holders, yesterday saw the number of wallets holding Dai jump by 897. To provide context, we’d rank this token as 10 out of the 37 Ethereum tokens in our index based on percentage growth in engagement over the past 7 days.

How are the Strong Holders of Dai Faring?

Of the coin’s total money supply, the richest 1,0000 wallets currently own 94.22%. Drilling down to just exchanges, the top 1,000 wallets that are exchanges control 5.13% of the currency’s money supply. Exchange ownership grew by 0.42% over the past week, while the overall ownership percentage of the top 1,000 richest wallets grew by 0.06% over that time period. 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 Active are the Software Developers?

Dai has been active recently on its GitHub repos, with its most recent code updates occurring today, November 14, 2019. 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 1.27 per day, while the number of followers watching Dai’s repositories is growing by 0.53.

The Latest on Dai and Social Media

Traders interested in following Dai has the biggest presence on Twitter, where it has 32,998 users engaged. 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

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