How Did Dai’s Price Fare Yesterday?
Dai is up by approximately 0.5% from the previous day, with its price currently hovering around $1.009 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 0.29% above 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 Dai suggest price may bounce between $1.002693 and $1.009507 based on its momentum and volatility over the past 14 days. Given its boundaries, rangebound traders may find it compelling to entertain shorting, as we are nearer to the top of the range.
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The currency’s market cap currently stands at $94 million 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
Yesterday saw 6,254 transfers 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 185. Our engagement rank, which combines weekly percentage growth in number of holders and number of transfers, has Dai ranked 8 out of the 35 Ethereum tokens we’re tracking.
Observing Dai’s Richest Wallets
Of the coin’s total money supply, the richest 1,0000 wallets currently own 94.42%. 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 4.63% of the currency’s money supply. Exchange ownership grew by -0.38% over the past week, while the overall ownership percentage of the top 1,000 richest wallets grew by -2.11% over that time period. Dai’s smart contract owns approximately 0.04% of its own total money supply. This amount hasn’t changed over the past week.
How Much Development is Occurring?
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 04, 2019, or approximately 1 days before. Over the past 30 days, we’ve seen open issues across Dai’s GitHub repositories grow by 0.67 per day on average, while the number of watchers has grown by 0.4.
What’s Going on Social Media?
Social media growth, in terms of Twitter followers and Reddit subscribers, came in at up 178 and 38 over the past day for Dai. If you are interested in following Dai on social media, Twitter, where it has 32,632 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
