Dai: What’s the Latest Regarding its Price?
Dai is up by approximately 0.4% from the previous day, with its price currently hovering around $1.005 USD. Yesterday’s up day is a reversal of the day before it; in terms of trend, though, note that the current price is now 0.21% below its 20 day moving average, and is currently in a unclear trend over the past 14 days. 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 $0.998283 and $1.016017. 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
Over the past 24 hours, no 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 down by approximately 0. To provide context, we’d rank this token as 9 out of the 35 Ethereum tokens in our index based on percentage growth in engagement over the past 7 days.
Just How Rich are Dai’s Richest Holders?
Of the coin’s total money supply, the richest 1,0000 wallets currently own 93.63%. 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 5.1% 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 -0.73% over the past week. For the exchange wallets within the richest 1,000 wallets, their share has grown by 0.51%. 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?
Dai has been active recently on its GitHub repos, with its most recent code updates occurring today, November 15, 2019. Over the past 30 days, we’ve seen open issues across Dai’s GitHub repositories grow by 1.27 per day on average, while the number of watchers has grown by 0.53.
The Latest on Dai and Social Media
In terms of social media presence, Dai saw its Twitter followers and Reddit subscribers go up by 57 and 18 over the past 24 hours. If you are interested in following Dai on social media, Twitter, where it has 33,055 following it, may be a good place to start. You can follow Dai on Twitter here.
Where to Buy
You can trade Dai, listed under the symbol DAI, through the following exchanges: Gate, Yobit, DDEX, Ethfinex.
Article by SixJupiter
